Hong Kong SAR, China - Precious Metal Watches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrecious Metal Watch Price in Hong Kong SAR - 2023
Contents:
- Precious Metal Watch Price in Hong Kong SAR (CIF) - 2023
- Precious Metal Watch Price in Hong Kong SAR (FOB) - 2022
- Precious Metal Watch Imports in Hong Kong SAR
- Precious Metal Watch Exports in Hong Kong SAR
Precious Metal Watch Price in Hong Kong SAR (CIF) - 2023
The average precious metal watch import price stood at $23,998 per unit in June 2023, remaining stable against the previous month. In general, import price indicated moderate growth from June 2022 to June 2023: its price increased at an average monthly rate of +3.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, precious metal watch import price decreased by -1.0% against April 2023 indices. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 55% month-to-month. As a result, import price attained the peak level of $33,824 per unit; afterwards, it flattened through to June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($63,954 per unit), while the price for Japan ($13,945 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Precious Metal Watch Price in Hong Kong SAR (FOB) - 2022
In 2022, the average precious metal watch export price amounted to $4,282 per unit, reducing by -24.4% against the previous year. In general, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices hit record highs at $11,088 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($46,697 per unit), while the average price for exports to France ($550 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 Switzerland (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.
Precious Metal Watch Imports in Hong Kong SAR
Precious metal watch imports into Hong Kong SAR contracted sharply to 188K units in 2022, falling by -26.9% on the previous year's figure. Overall, imports, however, posted a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 98%. As a result, imports attained the peak of 257K units, and then contracted significantly in the following year.
In value terms, precious metal watch imports declined slightly to $2.9B in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 45%. As a result, imports reached the peak of $3.1B, and then shrank in the following year.
| Import of Precious Metal Watch in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,181 | 826 | 1,137 | 971 | -6.3% |
| Japan | 55.1 | 151 | 367 | 425 | 97.6% |
| United States | 142 | 234 | 221 | 305 | 29.0% |
| Singapore | 58.2 | 128 | 180 | 218 | 55.3% |
| United Arab Emirates | 223 | 117 | 234 | 200 | -3.6% |
| Macao SAR | 153 | 133 | 172 | 122 | -7.3% |
| Saudi Arabia | 0.5 | 17.5 | 52.7 | 70.1 | 419.5% |
| Italy | 65.8 | 69.1 | 78.5 | 54.4 | -6.1% |
| China | 26.8 | 46.5 | 74.7 | 37.7 | 12.0% |
| Others | 265 | 396 | 551 | 519 | 25.1% |
| Total | 2,170 | 2,118 | 3,067 | 2,922 | 10.4% |
Top Suppliers of Precious Metal Watch to Hong Kong SAR in 2022:
- Japan (66.0K units)
- Switzerland (42.4K units)
- China (13.3K units)
- United Arab Emirates (12.6K units)
- United States (12.1K units)
- Singapore (7.1K units)
- Macao SAR (3.7K units)
- Saudi Arabia (3.4K units)
- Italy (2.6K units)
Precious Metal Watch Exports in Hong Kong SAR
In 2022, precious metal watch exports from Hong Kong SAR skyrocketed to 355K units, picking up by 44% against 2021 figures. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 52% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, precious metal watch exports totaled $1.5B in 2022. The total export value increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Precious Metal Watch in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 566 | 273 | 511 | 355 | -14.4% |
| Switzerland | 394 | 243 | 259 | 277 | -11.1% |
| United States | 139 | 146 | 188 | 225 | 17.4% |
| Japan | 41.3 | 124 | 65.7 | 137 | 49.1% |
| Singapore | 68.0 | 57.9 | 69.5 | 111 | 17.7% |
| China | 51.7 | 81.7 | 147 | 105 | 26.6% |
| United Kingdom | 11.6 | 12.8 | 17.0 | 32.3 | 40.7% |
| Australia | 15.3 | 6.7 | 10.0 | 31.8 | 27.6% |
| France | 11.2 | 11.3 | 10.8 | 15.3 | 11.0% |
| Others | 94.7 | 101 | 114 | 231 | 34.6% |
| Total | 1,393 | 1,057 | 1,392 | 1,519 | 2.9% |
Top Export Markets for Precious Metal Watch from Hong Kong SAR in 2022:
- United States (137.1K units)
- Macao SAR (66.4K units)
- France (27.8K units)
- United Kingdom (26.4K units)
- Singapore (24.8K units)
- Japan (24.7K units)
- Australia (13.0K units)
- China (10.8K units)
- Switzerland (5.9K units)
This report provides an in-depth analysis of the precious metal watch 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 26521100 - Wrist-watches, pocket-watches, with case of precious metal or of metal clad 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
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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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