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Top Page>The Japanese Watch & Clock Industry in 2008 An Outlook on its Global Operation

The Japanese Watch & Clock Industry in 2008
An Overview on Its Global Operation

Contents


Complete Watches
1-1 Development of Japanese Watch Exports & Domestic Shipments by Type
1-2 2008 Japanese Watch Exports & Domestic Shipments by Type & Component Ratio
1-3 2008 Japanese Watch Exports by Type & Component Ratio
1-4 2008 World Distribution of Japanese Watch Exports
1-5 2008 Japanese Watch Domestic Shipments by Type & Component Ratio
Note: Development of World Watch Production (Estimates)

Complete Clocks
2-1 Development of Japanese Clock Exports & Domestic Shipments by Type
2-2 2008 Japanese Clock Exports & Domestic Shipments by Type & Component Ratio
2-3 2008 Japanese Clock Exports by Type & Component Ratio
2-4 2008 World Distribution of Japanese Clock Exports
2-5 2008 Japanese Clock Domestic Shipments by Type & Component Ratio
Note: Development of World Clock Production (Estimates)


Remark:
1) Japanese Global Operation (JGO) refers to business activities of Japan's watch & clock industry including overseas
production and exports from overseas ports.
2) The calculation basis for the value of domestic shipments has been altered for both watches and clocks.



1-1. Development of Japanese Watch Exports & Domestic Shipments by Type (Complete Watches)

*The figures of the value in 2008 are incomparable to those of previous years.

1-2. 2008 Japanese Watch Exports & Domestic Shipments by Type & Component Ratio (Complete Watches)

  • The 2008 shipments of Japanese complete watches under JGO decreased in units by 11% from the previous year, amounting to 70 million units, and the value amounted to 197.1 billion yen.
  • An analysis by type in units in comparison with the previous year shows -12% and -10% for alanog quartz and digital watches respectively, and +4% for mechanical watches.
  • As for the Component ratio, analog quartz accounted for 68%, digital quartz for 27%, and mechanical watches for 5% in terms of units.
  • For additional information,the 2008 total shipments of Japanese complete watches and watch movements under JGO decreased in units by 7% in relation to the previous year, amounting to 645 million units, and the value amounted to 254.4 billion yen.
*Figures in parentheses in Fig.2 show variations in points by comparison with the previous year.

1-3. 2008 Japanese Watch Exports by Type & Component Ratio (Complete Watches)

1-4. 2008 World Distribution of Japanese Watch Exports (Complete Watches)

  • The 2008 exports of Japanese complete watches (including those from overseas facilities and ports) decreased in units by 12% amounting to 62.7 million units, and in value by 2% amounting to 119.2 billion yen respectively, in relation to the previous year.
  • Regarding destination of exported Japanese complete watches (including those from overseas facilities and ports), Middle East and Central & South America show increase, and Europe and Asia keep same level, while N. America shows a decrease in units, in relation to the previous year.
*Figures in parentheses in Fig.4 through 7 show variations in points by comparison with the previous year.

1-5. 2008 Japanese Watch Domestic Shipments by Type & Component Ratio (Complete Watches)

  • The 2008 domestic shipments of Japanese complete watches increased in units by 1% in relation to the previous year, amounting to 7.3 million units, and the value amounted to 77.8 billion yen.
  • The shipment share of radio-controlled watches against all watches was 22% in units, and 36% in value.



NOTE Development of World Watch Production by Type (Estimates)

There is no official data on world watch production. Shown below are the figures estimated by JCWA (Japan Clock & Watch Association), based on estimated world watch movement production.
  • The 2008 world watch production is estimated to show a decrease in units by 5% amounting to 1,080million units, in relation to the previous year.
  • The world watch production by type is estimated to show a decrease in analog quartz by 6%, a decrease in digital quartz by 2% and an increase in mechanical watches by 5%, in relation to the previous year.
  • As for Component ratio by type, analog quartz decreased in estimation by 1 point, digital quartz increased by 1 point, and mechanical watches kept the same level as the previous year.

*Figures in parentheses in Fig.8 and 11 show variations in points by comparison with the previous year.



2-1. Development of Japanese Clock Exports & Domestic Shipments by Type (Complete Clocks)


* The figures of the valure in 2008 are incomparable to those of previous years.

2-2. 2008 Japanese Clock Exports & Domestic Shipments by Type & Component Ratio

  • Others refer to Instrument Panel Clock & clocks of a similar type for vehicles, aircraft, spacecraft, or vessels, and other clocks.
  • The 2008 shipments of Japanese complete clocks under JGO decreased in units by 4% in relation to the previous year, amounting to 18 million units, and the value amounted to 34.0 billion yen.
  • An analysis by type in units in comparison with the previous year shows -2% for table clocks and -8% for wall clocks respectively.
  • As for the Component ratio, table clocks accounted for 56%, and wall clocks for 24% in terms of units.
  • For additional information,the 2008 total shipments of Japanese complete clocks and clock movements under JGO decreased in units by 1% in relation to the previous year, amounting to 24 million units, and the value amounted to 34.7 billion yen.
*Figures in parentheses in Fig.13 show variations in points by comparison with the previous year.

2-3. 2008 Japanese Clock Exports by Type & Component Ratio

2-4. 2008 World Distribution of Japanese Clock Exports

  • The 2008 exports of Japanese complete clocks (including those from overseas facilities and ports) decreased in units by 6% amounting to 5.3 million units, and in value by 26% amounting to 4.7 billion yen, in relation to the previous year.
  • Regarding destination of exported Japanese complete clocks (including those from overseas facilities and ports), all destinations show decrease in value, in relation to the previous year.
*Figures in parentheses in Fig.15 through 18 show variations in points by comparison with the previous year.

2-5. 2008 Japanese Clock Domestic Shipments by Type & Component Ratio

  • The 2008 domestic shipments of Japanese complete clocks decreased in units by 3% in relation to the previous year, amounting to 13 million units and the value amounted to 29.3 billion yen.
  • The shipment share of radio-controlled clocks against all clocks was 40% in units, and 59% in value.
*Figures in parentheses in Fig.19 show variations in points by comparison with the previous year.
NOTE Development of World Clock Production (Estimates)

There is no official data on world clock production. Shown below are the figures estimated by JCWA (Japan Clock & Watch Association), based on estimated world clock movement production.
  • The 2008 world clock production is estimated to show a decrease in units by 3% amounting to 515 million units, in relation to the previous year.

General notes for references
  1. Figs.1 through 21 are based on JCWA (Japan Clock & Watch Association) data.
  2. Value is FOB amount for export. For domestic shipments, it is the selling amount for domestic clients minus domestic taxes.
  3. AQ stands for Analog Quartz watches inclusive of Combination Quartz watches, DQ for Digital Quartz watches, and ME for mechanical watches.