Saudi Arabia - Precious Metal Watches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrecious Metal Watch Price in Saudi Arabia - 2021
Contents:
- Precious Metal Watch Price in Saudi Arabia (CIF) - 2022
- Precious Metal Watch Price in Saudi Arabia (FOB) - 2022
- Precious Metal Watch Imports in Saudi Arabia
- Precious Metal Watch Exports in Saudi Arabia
Precious Metal Watch Price in Saudi Arabia (CIF) - 2022
In 2021, the average precious metal watch import price amounted to $172 per unit, rising by 11% against the previous year. Over the period under review, the import price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 145% against the previous year. The import price peaked at $661 per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($353 per unit), while the price for China ($82 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+31.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Precious Metal Watch Price in Saudi Arabia (FOB) - 2022
In 2022, the average precious metal watch export price amounted to $4,646 per unit, with an increase of 24% against the previous year. In general, the export price showed a strong increase. The growth pace was the most rapid in 2020 an increase of 218% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($7,642 per unit), while the average price for exports to Switzerland stood at $1,676 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.
Precious Metal Watch Imports in Saudi Arabia
In 2021, the amount of precious metal watches imported into Saudi Arabia soared to 2.2M units, jumping by 39% on 2020 figures. Overall, imports, however, showed a deep slump. Over the period under review, imports attained the peak figure at 2.5M units in 2019; however, from 2020 to 2021, imports failed to regain momentum.
In value terms, precious metal watch imports surged to $384M in 2021. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Precious Metal Watch in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Switzerland | 181 | 242 | 370 | 43.0% | |
| China | 18.5 | 4.5 | 1.9 | -68.0% | |
| Japan | 2.0 | N/A | 0.5 | -50.0% | |
| Others | 4.6 | 2.5 | 12.4 | 64.2% | |
| Total | 206 | 249 | 384 | 36.5% | |
Top Suppliers of Precious Metal Watch to Saudi Arabia in 2022:
- Switzerland (208.7K units)
- China (24.7K units)
- Japan (16.3K units)
Precious Metal Watch Exports in Saudi Arabia
In 2022, overseas shipments of precious metal watches decreased by -19.6% to 17K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 625% against the previous year. The exports peaked at 21K units in 2021, and then fell notably in the following year.
In value terms, precious metal watch exports contracted slightly to $79M in 2022. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 2,203%. Over the period under review, the exports hit record highs at $79M in 2021, and then dropped in the following year.
| Export of Precious Metal Watch in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 0.5 | 71.3 | 63.9 | 65.1 | 406.8% |
| Switzerland | 2.7 | 6.7 | 12.9 | 13.8 | 72.3% |
| Others | 0.2 | 0.5 | 2.7 | 0.1 | -20.6% |
| Total | 3.4 | 78.5 | 79.5 | 79.0 | 185.4% |
Top Export Markets for Precious Metal Watch from Saudi Arabia in 2022:
- Hong Kong SAR (8.5K units)
- Switzerland (8.2K units)
This report provides an in-depth analysis of the precious metal watch market in Saudi Arabia. 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:
- Saudi Arabia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Saudi Arabia
- 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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