The market is dominated by foreign suppliers, as imports account for 54.7% of total market size in 2023. B2B drives market demand, with B2B spending representing 68.3% of total demand in 2023. China has the third largest market size for watches and clocks regionally, with demand reaching USD5.3 billion in 2023. Chow Tai Fook Jewellery Group Ltd is the largest company in China, generating 10.1% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 34.0% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 0.7% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 8.4% of production value in 2023, the 16th highest regionally. The industry’s exports share decreases in 2023 to 64.6% of total production output. With production value of USD6.1 billion, China accounts for 29.6% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Watches and Clocks in China: 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 China: 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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