The market is dominated by foreign suppliers, as imports account for 79.7% of total market size in 2020. Households drive market demand, with household spending representing 74.9% of total demand in 2020. Canada has the 11th largest market size for watches and clocks across the top 20 developed countries, with demand reaching USD789 million in 2020. St Moritz Watch Corp is the largest company in Canada, generating 2.7% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 7.2% of total production value in 2020. The total number of companies decreases in 2020, to 177 units. The costs of the industry decrease by 4.3% in 2020, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 5.4% of production value in 2020, the 14th highest across the top 20 developed countries. With production value of USD220 million, Canada accounts for 15.1% of the North America total in 2020.
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This Euromonitor industrial report provides unique information on Watches and Clocks in Canada: 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 Canada: ISIC 333 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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