Azerbaijan - Plastic or Non-Precious Metal Watches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Plastic or Non-Precious Metal Watch in Azerbaijan - 2023
Contents:
- Price for Plastic or Non-Precious Metal Watch in Azerbaijan (CIF) - 2023
- Price for Plastic or Non-Precious Metal Watch in Azerbaijan (FOB) - 2022
- Imports of Plastic or Non-Precious Metal Watch in Azerbaijan
- Exports of Plastic or Non-Precious Metal Watch in Azerbaijan
Price for Plastic or Non-Precious Metal Watch in Azerbaijan (CIF) - 2023
The average import price for plastic or non-precious metal watches stood at $7.0 per unit in September 2023, rising by 11% against the previous month. In general, the import price, however, saw a noticeable slump. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 81% month-to-month. The import price peaked at $11.4 per unit in March 2023; however, from April 2023 to September 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to -1.4% per month.
Price for Plastic or Non-Precious Metal Watch in Azerbaijan (FOB) - 2022
In 2022, the average export price for plastic or non-precious metal watches amounted to $3.1 per unit, waning by -74.6% against the previous year. Overall, the export price continues to indicate a dramatic setback. The pace of growth was the most pronounced in 2014 when the average export price increased by 151% against the previous year. As a result, the export price reached the peak level of $166 per unit. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($121 per unit), while the average price for exports to Hong Kong SAR (less than $0.1 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 Georgia (+1.6%), while the prices for the other major destinations experienced a decline.
Imports of Plastic or Non-Precious Metal Watch in Azerbaijan
Plastic or non-precious metal watch imports into Azerbaijan surged to 256K units in 2022, jumping by 21% compared with the year before. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.7% 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 +65.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, plastic or non-precious metal watch imports surged to $17M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 76%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Plastic or Non-Precious Metal Watch in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.3 | 2.3 | 4.9 | 9.0 | 57.6% |
| Switzerland | 4.2 | 2.8 | 5.0 | 6.9 | 18.0% |
| Thailand | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Hong Kong SAR | 0.5 | 1.4 | 2.0 | 0.1 | -41.5% |
| Others | 1.3 | 1.2 | 1.7 | 0.9 | -11.5% |
| Total | 8.5 | 7.8 | 13.7 | 17.1 | 26.2% |
Top Suppliers of Plastic or Non-Precious Metal Watch to Azerbaijan in 2022:
- China (227.4K units)
- Switzerland (12.3K units)
- Thailand (4.9K units)
- Hong Kong SAR (1.6K units)
Exports of Plastic or Non-Precious Metal Watch in Azerbaijan
In 2022, approx. 110K units of plastic or non-precious metal watches were exported from Azerbaijan; jumping by 1,055% on 2021 figures. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, plastic or non-precious metal watch exports skyrocketed to $342K in 2022. Overall, exports enjoyed notable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Plastic or Non-Precious Metal Watch in Azerbaijan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 4.0 | 12.1 | 242 | 677.8% |
| Hong Kong SAR | N/A | N/A | N/A | 0.4 | 0% |
| Georgia | 161 | 58.5 | 45.5 | 0.3 | -87.7% |
| Others | 148 | 67.2 | 58.7 | 98.9 | -12.6% |
| Total | 308 | 130 | 116 | 342 | 3.6% |
Top Export Markets for Plastic or Non-Precious Metal Watch from Azerbaijan in 2022:
- Georgia (undefinedK units)
- Hong Kong SAR (107.5K units)
- Russia (2.0K units)
This report provides an in-depth analysis of the market for plastic or non-precious metal watch in Azerbaijan. 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 26521200 - Other wrist-watches, pocket-watches and other watches, i ncluding stop-watches
Country coverage:
- Azerbaijan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Azerbaijan
- 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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