U.S. - Precious Metal Watches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrecious Metal Watch Price in the United States - 2023
Contents:
- Precious Metal Watch Price in the United States (CIF) - 2022
- Precious Metal Watch Price in the United States (FOB) - 2023
- Precious Metal Watch Imports in the United States
- Precious Metal Watch Exports in the United States
Precious Metal Watch Price in the United States (CIF) - 2022
The average precious metal watch import price stood at $1,662 per unit in 2022, picking up by 8% against the previous year. In general, the import price saw a strong increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 60% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($2,809 per unit), while the price for Malaysia ($43 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Precious Metal Watch Price in the United States (FOB) - 2023
In August 2023, the average precious metal watch export price amounted to $947 per unit, with an increase of 29% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 73% month-to-month. As a result, the export price attained the peak level of $1,155 per unit. From February 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Hong Kong SAR ($4,198 per unit), while the average price for exports to Mexico ($124 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.
Precious Metal Watch Imports in the United States
In 2022, approx. 1M units of precious metal watches were imported into the United States; with a decrease of -5% compared with the previous year. The total import volume increased at an average annual rate of +5.1% 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 when imports increased by 45%. As a result, imports reached the peak of 1.1M units, and then declined in the following year.
In value terms, precious metal watch imports rose modestly to $1.7B in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 75%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Precious Metal Watch in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,143 | 880 | 1,565 | 1,605 | 12.0% |
| France | 24.3 | 12.2 | 16.3 | 16.3 | -12.5% |
| China | 7.7 | 11.6 | 19.7 | 14.7 | 24.1% |
| Malaysia | 10.1 | 6.8 | 5.8 | 9.0 | -3.8% |
| Germany | 10.0 | 6.3 | 9.4 | 8.0 | -7.2% |
| Italy | 14.7 | 6.5 | 3.0 | 6.7 | -23.0% |
| Japan | 4.1 | 3.3 | 3.3 | 5.0 | 6.8% |
| Hong Kong SAR | 3.9 | 3.4 | 9.6 | 3.0 | -8.4% |
| Vietnam | N/A | N/A | N/A | 0.7 | 0% |
| Others | 9.8 | 5.9 | 9.7 | 16.0 | 17.8% |
| Total | 1,227 | 936 | 1,642 | 1,684 | 11.1% |
Top Suppliers of Precious Metal Watch to the United States in 2022:
- Switzerland (571.4K units)
- Malaysia (208.4K units)
- Japan (45.5K units)
- Italy (36.6K units)
- Germany (34.8K units)
- China (24.7K units)
- Vietnam (15.4K units)
- Hong Kong SAR (13.4K units)
- France (12.5K units)
Precious Metal Watch Exports in the United States
In 2022, exports of precious metal watches from the United States expanded notably to 1M units, increasing by 13% against the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, the exports attained the peak figure at 1M units in 2019; afterwards, it flattened through to 2022.
In value terms, precious metal watch exports totaled $938M in 2022. The total export value increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 33% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Precious Metal Watch in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 458 | 338 | 475 | 413 | -3.4% |
| Switzerland | 283 | 170 | 202 | 226 | -7.2% |
| United Arab Emirates | 14.6 | 18.3 | 31.4 | 73.0 | 71.0% |
| Canada | 39.0 | 34.0 | 47.3 | 60.7 | 15.9% |
| Singapore | 7.3 | 8.6 | 14.3 | 24.0 | 48.7% |
| Saint Maarten (Dutch part) | 6.3 | 3.4 | 0.8 | 6.6 | 1.6% |
| Mexico | 2.8 | 1.2 | 1.8 | 6.3 | 31.0% |
| Others | 82.4 | 80.9 | 101 | 129 | 16.1% |
| Total | 893 | 655 | 873 | 938 | 1.7% |
Top Export Markets for Precious Metal Watch from the United States in 2022:
- Canada (362.4K units)
- Switzerland (307.1K units)
- Hong Kong SAR (148.0K units)
- United Arab Emirates (33.2K units)
- Singapore (20.5K units)
- Mexico (17.9K units)
- Saint Maarten (Dutch part) (15.9K units)
This report provides an in-depth analysis of the precious metal watch market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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