Analysis and Studies - Products analysis
Dashboard clocks: import and export
November 15th 2024
Dashboard clocks are specialized timekeeping devices integrated into vehicles, primarily designed to show the current time while enhancing the aesthetic appeal of the vehicle’s interior. They come in various styles, including digital and analog displays, and often feature backlighting for visibility in different lighting conditions.
As technology advances, dashboard clocks are evolving with features like connectivity to mobile apps, customizable displays, and integration into infotainment systems, reflecting the increasing demand for smart vehicle technologies. Furthermore, consumer preferences significantly influence the dashboard clock market, with trends in automotive design dictating the types of clocks that are manufactured. Regional variations exist, with different markets favoring certain styles and functionalities based on cultural preferences.
Overall, dashboard clocks serve not only as practical timekeeping devices but also as essential elements of vehicle design, expected to continue evolving in response to technological advancements and changing consumer demands.
In 2022, dashboard clocks were the world's 1184th most traded product, with a total trade of $80.7M, and between 2021 and 2022 the exports grew by 6.8%, from $75.5M to $80.7M.
In 2022 the most significant exporter was China, with a trade of $14.9M, ahead of United States ($8.48M), Denmark ($7.16M), Japan ($5.99M), and France ($5.82M). Whereas the country which imported the product the most was Germany, with a trade of $9.74M, followed by United Kingdom ($9.16M), United States ($6.92M), Denmark ($6.01M), and France ($4.88M).
The graphic illustrates how each country strategically navigates the global market, balancing established trade relationships with regional demands. We can observe that China dominates with a diverse global reach, exporting primarily to Kuwait, Denmark, and the United Kingdom, while the United States focuses on Western markets like Germany and Canada.
Denmark’s exports are highly concentrated, with nearly all going to Germany, illustrating regional dependence. Japan’s exports primarily target North America, especially the United States and Canada, while France maintains a regional focus within Europe, primarily exporting to Austria and Germany. Bottom of Form
- China (18.5%): 24.9% Kuwait, 11.6% Denmark, 10.2% United Kingdom, 7.27% Japan, 7.25% Vietnam, 6.59% France, 6.44% Singapore, 4.58% Malaysia, 4.12% Italy, 3.76% South Korea, 2.09% United States, 1.1% Chile
- United States (10.5%): 13.4% Germany, 8.52% Canada, 8.12% Spain, 6.48% France, 5.34% Chile, 5.04% United Kingdom, 4.66% Philippines, 4.02% Japan, 3.72% South Korea, 2.72% Italy, 2.48% Australia, 1.66% Poland, 1.58% South Africa
- Denmark (8.88%): 91.8% Germany, 4.56% Finland, 2.41% Sweden
- Japan (7.42%): 42.6% United States, 33.7% Canada, 9.41% Malaysia, 6.9% Kuwait, 2.22% Hungary
- France (7.21%): 40.7% Austria, 12.4% Germany, 12.3% United States, 5.75% United Kingdom, 5.01% Brazil, 2.27% Japan, 2.21% Spain, 2.08% South Korea, 1.47% Australia, 0.75% Zimbabwe
The graphic shows how key importing nations engage in varied sourcing strategies, reflecting their respective economic ties and market demands. Germany, the largest importer, demonstrates a strong reliance on Denmark, while also sourcing from the United States and France.
The United Kingdom employs a more diversified strategy, with significant imports from Germany, China and Oman, indicating a balanced approach to sourcing. The United States primarily relies on Japan for 36.8% of its dashboard clock imports, followed by contributions from Germany and France, showcasing a focused connection with Asian markets, while Denmark sources heavily from Hong Kong and China, reflecting a regional preference for Asian suppliers. France's portfolio involves a variety of countries, notably Tunisia and China, highlighting its focus on both regional and global suppliers.
- Germany (12.1%): 67.6% Denmark, 11.7% United States, 7.42% France, 4.16% United Kingdom, 2.39% Netherlands, 1.01% China
- United Kingdom (11.4%): 30.5% Germany, 16.6% China, 16.3% Oman, 9.72% Spain, 6.91% Switzerland, 4.67% United States, 4.08% United Kingdom, 3.65% France, 2.14% Philippines
- United States (8.58%): 36.8% Japan, 12.4% Germany, 10.4% France, 7.23% United Kingdom, 4.64% South Korea, 4.5% China, 4% Spain, 3.91% Canada, 3.73% Netherlands, 3.31% Mexico
- Denmark (7.45%): 62% Hong Kong, 28.9% China, 4.64% Hungary, 1.3% Norway
- France (6.05%): 39.3% Tunisia, 20.1% China, 11.3% United States, 7.74% Switzerland, 6.03% United Kingdom, 3.32% Spain, 1.75% Germany, 1.35% Japan
Between 2021 and 2022, the country with the fastest growth in exports was China, with a trade of $8.46M, followed by Denmark ($7.05M), Hong Kong ($3.4M), Malaysia ($1.32M), and Oman ($1.03M).
- China: from $6.44M to $14.9M
- Denmark: from $118k to $7.16M
- Hong Kong: from $540k to $3.94M
- Malaysia: from $260k to $1.58M
- Oman: from $463k to $1.49M
Whereas the imports grew the fastest in Denmark, with an increase of $5.49M, ahead of Germany ($5.01M), Kuwait ($3.71M), Malaysia ($1.11M), and Vietnam ($1.02M).
- Denmark: from $513k to $6.01M
- Germany: from $4.73M to $9.74M
- Kuwait: from $765k to $4.47M
- Malaysia: from $643k to $1.76M
- Vietnam: from $364k to $1.39M
Sources:
https://oec.world/en