Watches And Clocks

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Watches And Clocks
Blog, Sergey Avramenko, May 28, 2018 24

Global watch imports stood at 6.2K tonnes in 2016, jumping by 14% against the previous year figure. In general, watch imports continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2016, an increase of 14% y-o-y. Global watch import peaked of 9.6K tonnes in 2007; however, from 2008 to 2016, it failed to regain its strength. In value terms, watch imports amounted to $16B in 2016. Overall, watch imports continue to indicate a prominent expansion. Over the period under review, global watch imports reached its maximum level in 2016, and are likely to continue its growth in the immediate term. Top Watch Importing Countries in the World 1. United Arab Emirates (455.3 million USD) 2. South Korea (182.2 million USD) 3. Australia (107.4 million USD) 4. Spain (40.7 million USD) 5. Panama (40.7 million USD) 6. Ecuador (5.9 million USD) 7. Venezuela (5.5 million USD) 8. Indonesia (3.9 million USD) 9. Belize (2.3 million USD) 10. Mali (1.6 million USD) 11. Uganda (0.2 million USD) 12. Togo (0.0 million USD) Watch Imports By Country In 2016, Venezuela (1.2K tonnes), distantly followed by Indonesia (733 tonnes), Spain (609 tonnes), and Ecuador (371 tonnes) represented the major importers of watch, together comprising 46% of total imports. Mali (253 tonnes), Panama (247 tonnes), Belize (238 tonnes), United Arab Emirates (181 tonnes), Uganda (169 tonnes), South Korea (149 tonnes), Australia (145 tonnes), and Togo (143 tonnes) held the mild share of total imports. From 2007 to 2016, the most notable growth rate of watch imports, among the main importing countries, was attained by Belize (+84.0% per year), while the other global leaders experienced more modest paces of growth. In value terms, United Arab Emirates ($455M) constitutes the largest market for imported watch worldwide, making up 3% of global imports. The second position in the ranking was occupied by South Korea ($182M), with the share of 1% of global imports. It was followed by Australia, with the share of 0.7%. From 2007 to 2016, the average annual growth rate of value of watch imports in United Arab Emirates expanded at +7.9%. In the other countries, the average annual rates were as follows: South Korea (+16.7% per year) and Australia (+3.3% per year). Watch Import Prices By Country The average watch import price stood at $2.5K per kg in 2016, going down by -2.1% against the previous year. Overall, watch import price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2009, when import increased by 69% y-o-y. Over the period under review, average watch import price reached its maximum level of $2.7K per kg in 2012; however, from 2013 to 2016, it stood at a somewhat lower level.

Watches And Clocks
Blog, Anna Sergeeva, May 28, 2018 21

In 2016, the global imports of clock stood at 10K tonnes, surging by 6% against the previous year figure. Overall, clock imports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2016, when it surged by 6% against the previous year level.

Watches And Clocks
Blog, Anna Sergeeva, May 28, 2018 19

In 2016, the amount of watch exported worldwide totaled 780 tonnes, going up by 9% against the previous year level.

 
Watches And Clocks
Blog, Anna Sergeeva, May 28, 2018 18

In 2016, the global clock exports stood at 1.2K tonnes, going down by -5.9% against the previous year figure. In general, clock exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2015, when export increased by 9% y-o-y. Global clock export peaked of 1.7K tonnes in 2007; however, from 2008 to 2016, it stood at a somewhat lower level.

Watches And Clocks
Blog, Irina Andreeva, November 24, 2015 337

EU watch production showed mixed dynamics from 2007 to 2014, falling from 1 974 thousand units in 2007 to 1 794 thousand units in 2014. It dropped with a CAGR of 1.4% in the period under review. In value terms, EU watch production reached 378 million EUR in 2014, growing by 2.5% annually.

 

Watches And Clocks
Blog, Olga Minchina, August 23, 2015 394

The upcoming Hong Kong Watch & Clock Fair, hosting almost eight hundred exhibitors from across the globe, is anticipated to be one of the most important exhibitions for the timepiece industry this year. The Fair this year welcomes new participants, such as Bermuda, Russia, Lebanon and Denmark, all of whom striving to win their share of the global watch and clock market and to build stronger brands.

 
Watches And Clocks
Blog, Svetlana Sitkova, June 21, 2015 319

Switzerland continued its dominance in of the global watch trade. Its biggest trading partner was Hong Kong, where, in 2014 it supplied 18.5% of its total watch exports into the Asian country, accounting for 50.4% of Hong Kong's total imports.