Which Country Imports the Most Clocks in the World?

Watches And Clocks May 28, 2018

Blog Blog / Computer, Electronic And Optical Products / Watches And Clocks

Author: Anna Sergeeva

PositionMarket Analyst

Global clocks imports totaled 87K tonnes in 2016, rising by 2% against the previous year figure. Overall, clocks imports continue to indicate a moderate deduction. The pace of growth appeared the most rapid in 2010, when import increased by 8% y-o-y. Over the period under review, global clocks imports reached its maximum volume of 111K tonnes in 2007; however, from 2008 to 2016, it failed to regain its strength.

In value terms, clocks imports amounted to $1.3B in 2016. In general, clocks imports continue to indicate a relatively flat trend pattern. Global clocks import peaked of $1.5B in 2008; however, from 2009 to 2016, it failed to regain its strength.

Top ClocksImporting Countries in the World

1. Japan (151.2 million USD)

2. Germany (97.1 million USD)

3. United Kingdom (72.1 million USD)

4. France (67.3 million USD)

5. Netherlands (26.2 million USD)

6. Italy (25.4 million USD)

7. Spain (21.6 million USD)

8. South Korea (21.1 million USD)

9. Russia (11.3 million USD)

10. Saudi Arabia (9.0 million USD)

11. Philippines (4.5 million USD)

12. Nigeria (2.2 million USD)

ClocksImports By Country

Japan (8.7K tonnes), Germany (8.4K tonnes), and the UK (8.2K tonnes) represented roughly 29% of total imports of clocks in 2016. France (5.3K tonnes) took a 6% share (based on tonnes) of global clocks imports, which put it in second place, following Spain (5%). Nigeria (3.8K tonnes), the Netherlands (3.5K tonnes), the Philippines (3.3K tonnes), Italy (2.8K tonnes), Russia (2.5K tonnes), South Korea (2.2K tonnes), and Saudi Arabia (2.1K tonnes) took the mild share of total imports.

From 2007 to 2016, the most notable growth rate of clocks imports, among the main importing countries, was attained by the Philippines (+10.4% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Japan ($151M), Germany ($97M) and the UK ($72M) appeared as the countries with the highest levels of imports in 2016, with a combined 24% share of global imports. These countries were followed by France, the Netherlands, Italy, Spain, South Korea, Russia, Saudi Arabia, the Philippines and Nigeria, which together accounted for a further 14%.

The Philippines (+16.5% per year) recorded the highest growth rate of clocks imports, among the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

ClocksImport Prices By Country

In 2016, the average import price for clocks amounted to $15 per kg, shrinking by -5.6% against the previous year. Over the period from 2007 to 2016 it increased at an average annual rate of +2.1%.The most prominent rate of growth was recorded in 2013, an increase of 10% against the previous year level. Over the period under review, average clocks import price attained its maximum level of $16 per kg in 2015, falling back in the following year.

Import prices varied noticeably by country of destination. the country with the highest import prices was Japan ($17 per kg), while Nigeria ($579 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of clocks import prices was attained by France (+5.8% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global clocks market? Get the latest trends and insight from our report. It includes a wide range of statistics on