The market is dominated by foreign suppliers, as imports account for 98.8% of total market size in 2023. Households drive market demand, with household spending representing 94.5% of total demand in 2023. Turkey has the eighth largest market size for watches and clocks regionally, with demand reaching USD262 million in 2023. Aypas Elektronik San Ve Tic Ltd Sti is the largest company in Turkey, generating 23.1% of the industry’s total production value in 2023. The industry is fragmented, with the top four companies generating 35.0% of total production value in 2023. The total number of companies increases in 2023, to 129 units. The costs of the industry increase by 22% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 4.6% of production value in 2023, the 15th highest regionally. The industry’s exports share increases in 2023 to 83.5% of total production output. With production value of USD16.0 million, Turkey accounts for 0.1% of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Watches and Clocks in Turkey: 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 Turkey: 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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