The market is dominated by foreign suppliers, as imports account for 96.2% of total market size in 2022. Households drive market demand, with household spending representing 67.9% of total demand in 2022. Spain has the seventh largest market size for watches and clocks regionally, with demand reaching USD326 million in 2022. Festina Lotus SA is the largest company in Spain, generating 29.2% of the industry’s total production value in 2022. The industry is fragmented, with the top two companies generating 30.3% of total production value in 2022. The total number of companies decreases in 2022, to 100 units. The costs of the industry decrease by 9.1% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 12.1% of production value in 2022, the third highest regionally. The industry’s exports share increases in 2022 to 91.5% of total production output. With production value of USD12.1 million, Spain accounts for 0.0% of the Western Europe total in 2022.
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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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