Hong Kong SAR, China - Watch Straps, Bands And Bracelets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBracelet Price in Hong Kong SAR - 2023
Contents:
- Bracelet Price in Hong Kong SAR (FOB) - 2022
- Bracelet Price in Hong Kong SAR (CIF) - 2022
- Bracelet Exports in Hong Kong SAR
- Bracelet Imports in Hong Kong SAR
Bracelet Price in Hong Kong SAR (FOB) - 2022
The average bracelet export price stood at $2.1 per unit in 2022, surging by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2013 when the average export price increased by 18%. The export price peaked at $2.5 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($6.4 per unit), while the average price for exports to Canada ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Bracelet Price in Hong Kong SAR (CIF) - 2022
In 2022, the average bracelet import price amounted to $2 per unit, picking up by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +6.1%. The growth pace was the most rapid in 2015 an increase of 28% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +9.0% per year.
Bracelet Exports in Hong Kong SAR
In 2022, the amount of watch straps, bands and bracelets exported from Hong Kong SAR dropped to 55M units, waning by -7.9% against the year before. Over the period under review, exports saw a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 10%. Over the period under review, the exports hit record highs at 61M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, bracelet exports amounted to $113M in 2022. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. The exports peaked at $132M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Bracelet in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 19.7 | 13.3 | 15.9 | 21.8 | 3.4% |
| United States | 10.8 | 10.1 | 16.3 | 15.2 | 12.1% |
| China | 30.0 | 14.8 | 19.1 | 13.8 | -22.8% |
| Germany | 7.5 | 6.0 | 5.6 | 7.9 | 1.7% |
| Japan | 8.6 | 7.4 | 7.7 | 7.4 | -4.9% |
| Philippines | 6.6 | 4.0 | 5.6 | 5.9 | -3.7% |
| United Kingdom | 5.9 | 3.7 | 4.4 | 4.8 | -6.6% |
| India | 2.6 | 1.9 | 2.6 | 2.7 | 1.3% |
| Italy | 3.7 | 2.2 | 2.6 | 2.6 | -11.1% |
| France | 2.7 | 1.9 | 2.1 | 2.5 | -2.5% |
| Australia | 0.9 | 0.9 | 1.6 | 1.7 | 23.6% |
| Sweden | 1.1 | 1.0 | 0.8 | 1.7 | 15.6% |
| Canada | 0.8 | 1.3 | 1.0 | 1.1 | 11.2% |
| Others | 31.4 | 24.7 | 26.2 | 24.2 | -8.3% |
| Total | 132 | 93.1 | 112 | 113 | -5.0% |
Top Export Markets for Bracelet from Hong Kong SAR in 2022:
- United States (14.2M units)
- China (7.9M units)
- India (3.7M units)
- Switzerland (3.4M units)
- Germany (3.3M units)
- United Kingdom (2.2M units)
- Japan (2.1M units)
- Philippines (1.7M units)
- Canada (1.6M units)
- Italy (1.4M units)
- France (1.2M units)
- Sweden (1.1M units)
- Australia (0.8M units)
Bracelet Imports in Hong Kong SAR
In 2022, the amount of watch straps, bands and bracelets imported into Hong Kong SAR shrank to 37M units, dropping by -13.4% compared with the previous year's figure. Over the period under review, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Imports peaked at 54M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, bracelet imports contracted slightly to $73M in 2022. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Over the period under review, imports attained the maximum at $89M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Bracelet in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 63.1 | 44.3 | 54.9 | 55.8 | -4.0% |
| Others | 26.1 | 15.7 | 18.7 | 17.4 | -12.6% |
| Total | 89.3 | 60.1 | 73.6 | 73.2 | -6.4% |
Top Suppliers of Bracelet to Hong Kong SAR in 2022:
- China (35.9M units)
This report provides an in-depth analysis of the bracelet market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 15121300 - Watch straps, bands, bracelets and parts thereof (including of leather, composition leather or plastic, excluding of precious metal, metal or base metal clad/plated with precious metal)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the bracelet market in Hong Kong SAR, China.
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