The market is dominated by foreign suppliers, as imports account for 80.6% of total market size in 2023. B2B drives market demand, with B2B spending representing 63.5% of total demand in 2023. Australia has the eighth largest market size for watches and clocks across the top 20 developed countries, with demand reaching USD1.3 billion in 2023. Antash Pty Ltd is the largest company in Australia, generating 1.3% of the industry’s total production value in 2023. The industry is fragmented, with the top three companies generating 2.9% of total production value in 2023. The total number of companies increases in 2023, to 59 units. The costs of the industry increase by 2.1% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 9.3% of production value in 2023, the seventh highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 30.6% of total production output. With production value of USD203 million, Australia accounts for 85.3% of the Australasia total in 2023.
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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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