The market is dominated by foreign suppliers, as imports account for 96.5% of total market size in 2023. Households drive market demand, with household spending representing 70.1% of total demand in 2023. Spain has the seventh largest market size for watches and clocks regionally, with demand reaching USD344 million in 2023. Festina Lotus SA is the largest company in Spain, generating 29.8% of the industry’s total production value in 2023. The industry is fragmented, with the top two companies generating 31.0% of total production value in 2023. The total number of companies increases in 2023, to 106 units. The costs of the industry increase by 16.5% in 2023, largely driven by rising labour costs. The industry’s profitability decreases and stands at 24.4% of production value in 2023, the highest regionally. The industry’s exports share decreases in 2023 to 91.7% of total production output. With production value of USD14.7 million, Spain accounts for 0.1% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Watches and Clocks in Spain: ISIC 333. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Watches and Clocks in Spain: ISIC 333 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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