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Feb 8, 2025

Wall Clocks Exports in Hong Kong Surge by 65% to Reach $56 Million in 2024

Hong Kong Wall Clocks Exports

In 2024, approx. 2.3M units of wall clocks were exported from Hong Kong; reducing by -57% against the year before. Overall, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2023 when exports increased by 62%. The exports peaked at 23M units in 2014; however, from 2015 to 2024, the exports stood at a somewhat lower figure.

In value terms, wall clocks exports dropped significantly to $26M (IndexBox estimates) in 2024. In general, exports faced a deep slump. The growth pace was the most rapid in 2023 with an increase of 65%. Over the period under review, the exports hit record highs at $207M in 2014; however, from 2015 to 2024, the exports stood at a somewhat lower figure.Hong Kong Wall Clocks Exports By Country (Million USD)

COUNTRYExport Value of Wall Clocks in Hong Kong (million USD)
2014201520162017201820192020202120222023
Switzerland12.05.55.66.25.013.54.89.62.914.9
Netherlands2.62.02.01.61.31.41.62.81.76.9
United States34.625.319.219.414.38.53.69.33.44.2
France4.54.43.42.81.71.41.30.70.93.4
United Kingdom8.68.06.36.13.93.64.14.63.43.3
Mexico0.40.30.10.1N/A0.10.10.30.12.5
China14.212.111.16.14.32.82.53.22.42.3
Japan72.771.347.038.735.433.526.625.64.91.9
Germany13.114.611.26.95.95.12.42.61.31.0
Others44.239.235.027.220.422.216.018.812.715.2
Total20718314111592.292.063.177.533.755.6

Exports by Country

The United States (904K units), the Netherlands (783K units) and Mexico (564K units) were the main destinations of wall clocks exports from Hong Kong, with a combined 42% share of total exports.

From 2014 to 2023, the biggest increases were recorded for Mexico (with a CAGR of +20.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($15M) emerged as the key foreign market for wall clocks exports from Hong Kong, comprising 27% of total exports. The second position in the ranking was held by the Netherlands ($6.9M), with a 12% share of total exports. It was followed by the United States, with a 7.5% share.

From 2014 to 2023, the average annual growth rate of value to Switzerland amounted to +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+11.6% per year) and the United States (-21.0% per year).

Exports by Type

Clocks, other than watches, wall clocks and instrument panel clocks (2.2M units) was the largest type of wall clocks exported from Hong Kong, with a 96% share of total exports. Moreover, clocks, other than watches, wall clocks and instrument panel clocks exceeded the volume of the second product type, clocks; with watch movements, excluding clocks of heading no. 9104 (90K units), more than tenfold.

From 2014 to 2024, the average annual rate of growth in terms of the volume of clocks, other than watches, wall clocks and instrument panel clocks exports stood at -20.7%.

In value terms, clocks, other than watches, wall clocks and instrument panel clocks ($25M) remains the largest type of wall clocks exported from Hong Kong, comprising 98% of total exports. The second position in the ranking was taken by clocks; with watch movements, excluding clocks of heading no. 9104 ($411K), with a 1.6% share of total exports.

From 2014 to 2024, the average annual growth rate of the value of clocks, other than watches, wall clocks and instrument panel clocks exports amounted to -18.8%.

Export Prices by Country

In 2024, the wall clocks price amounted to $10 per unit (FOB, Hong Kong), rising by 2.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2021 an increase of 28% against the previous year. As a result, the export price reached the peak level of $11 per unit. From 2022 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Switzerland ($102 per unit), while the average price for exports to Mexico ($4.4 per unit) was amongst the lowest.

From 2014 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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