The market is dominated by foreign suppliers, as imports account for 98.1% of total market size in 2020. Households drive market demand, with household spending representing 95.9% of total demand in 2020. The UK has the third largest market size for watches and clocks in the region, with demand reaching USD2.2 billion in 2020. Bremont Watch Co Ltd is the largest company in the UK, generating 31.7% of the industry’s total production value in 2020. The industry is fragmented, with the top four companies generating 47.9% of total production value in 2020. The total number of companies decreases in 2020, to 190 units. The costs of the industry decrease by 2.2% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 4.1% of production value in 2020, the 15th highest in the region. The industry’s exports share decreases in 2020 to 88.5% of total production output. With production value of USD74.7 million, the UK accounts for 0.3% of the Western Europe total in 2020.
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This Euromonitor industrial report provides unique information on Watches and Clocks in the UK: 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 UK: ISIC 333 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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