Luxembourg - Precious Metal Watches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrecious Metal Watch Price in Luxembourg - 2023
Contents:
- Precious Metal Watch Price in Luxembourg (CIF) - 2022
- Precious Metal Watch Price in Luxembourg (FOB) - 2022
- Precious Metal Watch Imports in Luxembourg
- Precious Metal Watch Exports in Luxembourg
Precious Metal Watch Price in Luxembourg (CIF) - 2022
The average precious metal watch import price stood at $2,105 per unit in 2022, jumping by 42% against the previous year. Over the period under review, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 112% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($4,841 per unit), while the price for China ($31 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Precious Metal Watch Price in Luxembourg (FOB) - 2022
The average precious metal watch export price stood at $5,523 per unit in 2022, increasing by 15% against the previous year. Over the period under review, the export price posted resilient growth. The growth pace was the most rapid in 2021 an increase of 71% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($15,938 per unit), while the average price for exports to France ($1,929 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 Cyprus (+66.3%), while the prices for the other major destinations experienced more modest paces of growth.
Precious Metal Watch Imports in Luxembourg
In 2022, approx. 17K units of precious metal watches were imported into Luxembourg; waning by -26.1% on the previous year's figure. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of 24K units, and then declined remarkably in the following year.
In value terms, precious metal watch imports rose rapidly to $37M in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Precious Metal Watch in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 21.6 | 17.1 | 19.5 | 21.0 | -0.9% |
| Germany | 1.0 | 2.3 | 3.6 | 7.1 | 92.2% |
| Belgium | 5.7 | 7.0 | 9.2 | 5.6 | -0.6% |
| France | 1.6 | 0.8 | 1.4 | 2.1 | 9.5% |
| Netherlands | 0.2 | 0.4 | 0.4 | 0.5 | 35.7% |
| Italy | N/A | N/A | N/A | 0.1 | 0% |
| China | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Others | 1.0 | 1.1 | 0.3 | 0.2 | -41.5% |
| Total | 31.3 | 28.9 | 34.8 | 36.6 | 5.4% |
Top Suppliers of Precious Metal Watch to Luxembourg in 2022:
- Switzerland (4.3K units)
- Belgium (4.0K units)
- Germany (3.8K units)
- France (1.9K units)
- China (1.9K units)
- Netherlands (0.4K units)
- Italy (0.3K units)
Precious Metal Watch Exports in Luxembourg
For the third year in a row, Luxembourg recorded decline in overseas shipments of precious metal watches, which decreased by -22.2% to 902 units in 2022. Over the period under review, exports saw a significant contraction. Over the period under review, the exports reached the peak figure at 2.2K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, precious metal watch exports dropped to $5M in 2022. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. The exports peaked at $6.6M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Precious Metal Watch in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1,034 | 621 | 1,117 | 2,102 | 26.7% |
| France | 337 | 405 | 510 | 696 | 27.3% |
| Germany | 1,707 | 521 | 1,092 | 669 | -26.8% |
| Cyprus | 505 | 53.5 | N/A | 566 | 3.9% |
| Netherlands | 826 | 2,140 | 1,855 | 403 | -21.3% |
| Switzerland | 19.6 | 5.4 | 9.6 | 149 | 96.6% |
| Hong Kong SAR | 1,723 | 286 | 91.4 | N/A | -77.0% |
| Turkey | N/A | 10.8 | N/A | N/A | 0% |
| Others | 408 | 466 | 914 | 396 | -1.0% |
| Total | 6,560 | 4,509 | 5,589 | 4,981 | -8.8% |
Top Export Markets for Precious Metal Watch from Luxembourg in 2022:
- France (361.0 units)
- Belgium (301.0 units)
- Netherlands (55.0 units)
- Cyprus (48.0 units)
- Germany (42.0 units)
- Switzerland (33.0 units)
This report provides an in-depth analysis of the precious metal watch market in Luxembourg. 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:
- Luxembourg
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Luxembourg
- 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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