Global Wall Clocks Market
In value terms, wall clocks production expanded rapidly to $ in estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of % against the previous year. Global production peaked at $ in 2019; however, from to , production failed to regain momentum.
China ( units) constituted the country with the largest volume of wall clocks production, accounting for % of total volume. Moreover, wall clocks production in China exceeded the figures recorded by the second-largest producer, India ( units), fourfold. The United States ( units) ranked third in terms of total production with a % share.
From 2007 to , the average annual rate of growth in terms of volume in China stood at +%. The remaining producing countries recorded the following average annual rates of production growth: India (+% per year) and the United States (+% per year).
The global wall clocks market value declined notably to $ in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, posted a mild expansion. As a result, consumption attained the peak level of $. From 2016 to , the growth of the global market failed to regain momentum.
From 2007 to , the biggest increases were in Indonesia (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, India ($) led the market, alone. The second position in the ranking was held by China ($). It was followed by the United States.
In India, the wall clocks market increased at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: China (-% per year) and the United States (+% per year).
In , the highest levels of wall clocks per capita consumption was registered in Hong Kong SAR ( units per persons), followed by Belgium ( units per persons), Turkey ( units per persons) and the United States ( units per persons), while the world average per capita consumption of wall clocks was estimated at units per persons.
From 2007 to , the average annual growth rate of the wall clocks per capita consumption in Hong Kong SAR amounted to -%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Belgium (+% per year) and Turkey (+% per year).