The market is dominated by foreign suppliers, as imports account for 93.7% of total market size in 2023. Households drive market demand, with household spending representing 90.6% of total demand in 2023. The UK has the third largest market size for watches and clocks regionally, with demand reaching USD2.8 billion in 2023. Bremont Watch Co Ltd is the largest company in the UK, generating 38.1% of the industry’s total production value in 2023. The industry is concentrated, with the top four companies generating 57.6% of total production value in 2023. The total number of companies increases in 2023, to 188 units. The costs of the industry increase by 4.1% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 4.8% of production value in 2023, the 17th highest regionally. The industry’s exports share decreases in 2023 to 60.9% of total production output. With production value of USD78.5 million, the UK accounts for % of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Watches and Clocks in the United Kingdom: 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 the United Kingdom: 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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