The market is dominated by foreign suppliers, as imports account for 56.3% of total market size in 2022. Households drive market demand, with household spending representing 58.4% of total demand in 2022. Australia has the 13th largest market size for watches and clocks across the top 20 developed countries, with demand reaching USD434 million in 2022. Antash Pty Ltd is the largest company in Australia, generating 1.3% of the industry’s total production value in 2022. The industry is fragmented, with the top three companies generating 3.0% of total production value in 2022. The total number of companies increases in 2022, to 58 units. The costs of the industry decrease by 0.6% in 2022, largely driven by declining B2B costs. The industry’s profitability increases and stands at 10.0% of production value in 2022, the fourth highest across the top 20 developed countries. The industry’s exports share decreases in 2022 to 29.5% of total production output. With production value of USD181 million, Australia accounts for 84.3% of the Australasia total in 2022.
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This Euromonitor industrial report provides unique information on Watches and Clocks in Australia: 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 Australia: 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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