Business · Economy · 2 hrs ago
Türkiye’s watch market estimated at $1.5 billion
Türkiye’s watch market is estimated to be worth about $1.5 billion a year, with nearly 8 million watches sold annually.
The market was valued at $1.37 billion in 2023 and is estimated to have reached $1.5 billion by 2025.
Most watches sold in Türkiye are imported, mainly from Switzerland, China, Japan and Germany.
Imports rose 14.7 percent in value in 2025 to $525.4 million, while exports reached $41.4 million.
Switzerland accounted for 71.3 percent of import value, but 6.8 percent of imported watch units.
The country has around 8,000 watch shops that sell or repair watches, and demand for high-end products is strong in several major cities.
The industry association’s chairman expects the market to grow to $2.35 billion by 2028.
Türkiye’s watch market is estimated at about $1.5 billion annually, with yearly sales of nearly 8 million watches.
The market was valued at $1.37 billion in 2023 and is estimated to have reached $1.5 billion by 2025.
Watch imports rose 14.7 percent to $525.4 million in 2025, while exports reached $41.4 million.
Association chairman Ahmet Aydın projected the market could expand to $2.35 billion by 2028.
Türkiye has around 8,000 watch retail and repair shops.
- Who
- Türkiye’s watch market and the All Watchmakers Businessmen Association (TÜSAD).
- What
- The market is estimated at about $1.5 billion annually, with sales of nearly 8 million watches a year.
- When
- The market is estimated to have reached $1.5 billion as of 2025. The report was published on October 12, 2026.
- Where
- Türkiye.
- Why
- Not stated
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Türkiye’s watch market was valued at $1.37 billion.
The market was estimated to have reached $1.5 billion, and watch imports rose to $525.4 million.
Watch imports are expected to reach around $600 million.
TÜSAD chairman Ahmet Aydın projected that the market would expand to $2.35 billion.
- Market value
- About $1.5 billion annually
- Annual sales
- Nearly 8 million watches
- 2025 imports
- $525.4 million
- 2025 exports
- $41.4 million
- Retail and repair shops
- Around 8,000
- 2028 market projection
- $2.35 billion
Sources
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