The Japanese Watch & Clock Industry in 2020
An Overview on Its Global Operation
Contents
Complete Watches
- 1-1 Development of Japanese Watch Export & Domestic Shipments in units
- 1-2 Development of Japanese Watch Export & Domestic Shipments in value
- 1-3 Development of Japanese Watch Exports by Type
- 1-4 2020 World Distribution of Japanese Watch Exports
- 1-5 Development of Japanese Watch Domestic Shipments by Type
Complete Clocks
- 2-1 Development of Japanese Clock Export & Domestic Shipments in units
- 2-2 Development of Japanese Clock Export & Domestic Shipments in value
- 2-3 Development of Japanese Clock Exports by Type
- 2-4 2020 World Distribution of Japanese Clock Exports
- 2-5 Development of Japanese Clock Domestic Shipments by Type
General notes for references
- Japanese Global Operation (JGO) refers to business activities of Japan's watch & clock industry including overseas production and exports from overseas ports.
- Figs. 1 through 8 and 9 through 16 are based on JCWA (Japan Clock & Watch Association) data.
- Value is FOB amount for export. For domestic shipments, it is the selling amount for domestic clients minus domestic taxes.
- AQ stands for Analog Quartz watches inclusive of Combination Quartz watches, DQ for Digital Quartz watches, and ME for mechanical watches.
1-1 Development of Japanese Watch Export & Domestic Shipments in units
1-2 Development of Japanese Watch Export & Domestic Shipments in value
- The 2020 shipments of Japanese complete watches under JGO decreased in units by 33% amounting to 44 million units, and in value decreased by 30% amounting to 200.4 billion yen, in relation to the previous year.
- An analysis by type in units in comparison with the previous year decreased by 35% for analog quartz, decreased by 30% for digital quartz and decreased by 21% for mechanical watches respectively.
- For additional information, the 2020 total shipments of Japanese complete watches and watch movements under JGO, decreased in units by 44% amounting to 231 million units, and decreased in value by 31% amounting to 233.5 billion yen, in relation to the previous year.
*Since numbers are rounded, calculated total is not always the same as indicated total number.
1-3 Development of Japanese Watch Exports by Type
1-4 2020 World Distribution of Japanese Watch Exports
- The 2020 exports of Japanese complete watches, decreased in units by 33% amounting to 39 million units, and decreased in value by 25% amounting to 123.2 billion yen, in relation to the previous year.
- Regarding destination of exported Japanese complete watches, Asian area decreased by 21%, respectively, compared with the previous year, while those for all other regions decreased.
*Exports of products include those from overseas facilities and ports.
1-5 Development of Japanese Watch Domestic Shipments by Type
- The 2020 domestic shipments of Japanese complete watches decreased in units by 37% amounting to 5 million units, and decreased in value by 36% amounting to 77.2 billion yen, in relation to the previous year.
*Since numbers are rounded, calculated total is not always the same as indicated total number.
2-1 Development of Japanese Clock Export & Domestic Shipments in units
2-2 Development of Japanese Clock Export & Domestic Shipments in value
- It does not include instrument panel clocks and clocks of similar type for vehicles, aircraft, spacecraft, or vessels, and others (the same as the previous year's comparison).
- The 2020 shipments of Japanese complete clocks under JGO decreased in units by 16%, amounting to 8 million units, and decreased in value by 12% amounting to 17.2 billion yen, in relation to the previous year.
- An analysis by type in units in comparison with the previous year decreased by 15% for table clocks and decreased by 18% for wall clocks as well.
- For additional information, the 2020 total shipments of Japanese complete clocks and clock movements under JGO, decreased in units by 16% amounting to 9 million units, and decreased in value by 12% amounting to 17.4 billion yen, in relation to the previous year.
*Since numbers are rounded, calculated total is not always the same as indicated total number.
2-3 Development of Japanese Clock Exports by Type
2-4 2020 World Distribution of Japanese Clock Exports
- The 2020 exports of Japanese complete clocks (including those from overseas facilities and ports) decreased in units by 23% amounting to 2 million units, and decreased in value by 26% amounting to 2.7 billion yen, in relation to the previous year.
- By comparison of the major exported destinations of Japanese complete clocks in the previous year, North America areas decreased by 28% and decreased by 20% for Asian regions.
*Exports of products include those from overseas facilities and ports.
*Since numbers are rounded, calculated total is not always the same as indicated total number.
2-5 Development of Japanese Clock Domestic Shipments by Type
- The 2020 domestic shipments of Japanese complete clocks decreased in units by 13% amounting to 6 million units and decreased by 9% amounting to 14.5 billion yen in value, in relation to the previous year.
*Since numbers are rounded, calculated total is not always the same as indicated total number.