Which Country Imports the Most Watches in the World?

Watches And Clocks May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Which Country Imports the Most Watches in the World?

IndexBox has just published a new report "World: Wadding Of Textile Materials And Articles Thereof ; Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the amount of wadding of textile imported worldwide stood at 295K tonnes, coming down by ;7.7% against the previous year level. In general, wadding of textile imports continue to indicate a significant setback. The pace of growth was the most pronounced in 2015, when import increased by 5% against the previous year level. Global wadding of textile import peaked of 392K tonnes in 2008; however, from 2009 to 2016, it stood at a somewhat lower level.

In value terms, wadding of textile imports totaled $2B in 2016. In general, wadding of textile imports continue to indicate a mild reduction. Over the period under review, global wadding of textile imports attained its maximum level of $2.4B in 2010; however, from 2011 to 2016, it stood at a somewhat lower level.

Top Wadding Of Textile Importing Countries in the World

1. Russia (139.5 million USD)

2. France (124.7 million USD)

3. USA (118.5 million USD)

4. Germany (115.6 million USD)

5. China (111.5 million USD)

6. Japan (95.3 million USD)

7. United Kingdom (77.9 million USD)

8. Poland (76.6 million USD)

9. Romania (49.1 million USD)

10. Canada (41.0 million USD)

11. Spain (27.1 million USD)

12. Kazakhstan (15.2 million USD)

Wadding Of Textile Imports By Country

The countries with the highest levels of wadding of textile imports in 2016 were France (25K tonnes), Russia (21K tonnes), Germany (19K tonnes), the U.S. (18K tonnes), Japan (14K tonnes), the UK (12K tonnes), China (12K tonnes), Canada (8.3K tonnes), Poland (7.6K tonnes), Spain (7.2K tonnes), Romania (6.6K tonnes), and Kazakhstan (6.4K tonnes), together recording 53% of total import.

From 2007 to 2016, the most notable growth rate of wadding of textile imports, among the main importing countries, was attained by Kazakhstan (+8.5% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Russia ($140M), France ($125M) and the U.S. ($119M) appeared as the countries with the highest levels of imports in 2016, with a combined 19% share of global imports.Germany, China, Japan, the UK, Poland, Romania, Canada, Spain and Kazakhstan lagged somewhat behind, together comprising a further 31%.

Poland (+5.3% per year) experienced the highest growth rate of wadding of textile imports, in terms of the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Wadding Of Textile Import Prices By Country

The average wadding of textile import price stood at $6,696 per tonne in 2016, rising by 6% against the previous year. Over the period from 2007 to 2016 it increased at an average annual rate of +1.9%.The growth pace was the most rapid in 2008, when import price increased by 9% y;o;y. Global wadding of textile import peaked of $7,242 per tonne in 2014; however, from 2015 to 2016, it failed to regain its strength.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Poland ($10 per kg), while Kazakhstan ($2,363 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of wadding of textile import prices was attained by China (+8.8% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global wadding of textile market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • wadding of textile market share
  • wadding of textile prices
  • wadding of textile industry
  • wadding of textile sales
  • wadding of textile import
  • wadding of textile export
  • wadding of textile market forecast
  • wadding of textile price forecast
  • key wadding of textile producers

All data provided in this article covers the following product: HS Code 5601 ; Wadding of textile materials and articles thereof; textile fibres, not exceeding 5 mm in length (flock), textile dust and mill neps.

Source: World: Wadding Of Textile Materials And Articles Thereof ; Market Report. Analysis and Forecast to 2025"

"IndexBox has just published a new report "World: Watches - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

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.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was United Arab Emirates ($2.5K per kg), while Togo ($349 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of watch import prices was attained by Indonesia (+17.6% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global watch market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • watch market share
  • watch prices
  • watch industry
  • watch sales
  • watch import
  • watch export
  • watch market forecast
  • watch price forecast
  • key watch producers

All data provided in this article covers the following product: HS Code 9101 - Wrist-watches, pocket-watches, stop-watches and other watches- with case of precious metal or of metal clad with precious metal.

Source: World: Watches - Market Report. Analysis and Forecast to 2025