Which Country Imports the Most Clocks in the World?

Watches And Clocks May 28, 2018
Author: Anna Sergeeva
Market Analyst

Which Country Imports the Most Clocks in the World?

IndexBox has just published a new report "World: Clocks - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the global imports of clock stood at 10K tonnes, surging by 6% against the previous year figure. Overall, clock imports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2016, when it surged by 6% against the previous year level. Over the period under review, global clock imports reached its maximum volume of 13K tonnes in 2007- however, from 2008 to 2016, it stood at a somewhat lower level.

In value terms, clock imports totaled $80M in 2016. Overall, clock imports continue to indicate a deep slump. Global clock import peaked of $139M in 2007- however, from 2008 to 2016, it failed to regain its strength.

Top Clock Importing Countries in the World

1. United Kingdom (7.7 million USD)

2. France (7.4 million USD)

3. Australia (3.1 million USD)

4. Spain (2.2 million USD)

5. Netherlands (1.7 million USD)

6. Panama (1.0 million USD)

7. Argentina (0.7 million USD)

8. Brazil (0.6 million USD)

9. Jordan (0.3 million USD)

10. Slovenia (0.2 million USD)

11. Iran (0.1 million USD)

12. Netherlands Antilles (former) (0.0 million USD)

Clock Imports By Country

Iran (5K tonnes) was the key importing country with an import of around 5K tonnes, which accounted for 50% of total imports. It was distantly followed by Australia (599 tonnes), constituting 6% share of total clock imports. The UK (375 tonnes), the Netherlands (326 tonnes), Brazil (291 tonnes), Slovenia (239 tonnes), Panama (217 tonnes), Netherlands Antilles (former) (200 tonnes), France (189 tonnes), Argentina (178 tonnes), Spain (171 tonnes), and Jordan (169 tonnes) followed a long way behind this figure.

Iran was also the fastest growing in terms of the clock imports, with a CAGR of +7.6% from 2007 to 2016. At the same time, Netherlands Antilles (former) (+6.8%), Australia (+6.0%), and Slovenia (+3.5%) displayed positive paces of growth. The Netherlands, and Jordan experienced a relatively flat trend pattern. By contrast, Argentina (-6.4%), Panama (-7.9%), the UK (-10.2%), France (-14.8%), Brazil (-14.9%), and Spain (-18.3%) illustrated a downward trend over the same period. From 2007 to 2016, the share of Brazil, Spain, the UK, France, and Panama increased by 10%, 9%, 6%, 6%, and 2% percentage points, while Australia (-2.4%), and Iran (-24.1%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the UK ($7.7M), France ($7.4M) and Australia ($3.1M) constituted the countries with the highest levels of imports in 2016, with a combined 23% share of global imports.Spain, the Netherlands, Panama, Argentina, Brazil, Jordan, Slovenia, Iran and Netherlands Antilles (former) lagged somewhat behind, together comprising a further 8%.

Slovenia (-0.8% per year) experienced the highest growth rate of clock imports, in terms of the main importing countries, over the last 9 years, while the other global leaders experienced a decline in the imports figures.

Clock Import Prices By Country

The average clock import price stood at $8,022 per tonne in 2016, declining by -8.9% against the previous year. In general, clock import price continues to indicate a significant slump. The growth pace was the most rapid in 2014, when it surged by 15% from the previous year level. Global clock import peaked of $13 per kg in 2012- however, from 2013 to 2016, it failed to regain its strength.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was France ($39 per kg), while Iran ($13 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of clock import prices was attained by France (+15.5% per year), while the other global leaders experienced more modest paces of growth.

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

  • clock market share
  • clock prices
  • clock industry
  • clock sales
  • clock import
  • clock export
  • clock market forecast
  • clock price forecast
  • key clock producers

All data provided in this article covers the following product: HS Code 9103 - Clocks- with watch movements, excluding clocks of heading no. 9104.

Source: World: Clocks - Market Report. Analysis and Forecast to 2025