Italy - Plastic or Non-Precious Metal Watches - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Italy - Plastic or Non-Precious Metal Watches - Market Analysis, Forecast, Size, Trends And Insights

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Price for Plastic or Non-Precious Metal Watch in Italy - 2023

Contents:

  1. Price for Plastic or Non-Precious Metal Watch in Italy (CIF) - 2022
  2. Price for Plastic or Non-Precious Metal Watch in Italy (FOB) - 2022
  3. Imports of Plastic or Non-Precious Metal Watch in Italy
  4. Exports of Plastic or Non-Precious Metal Watch in Italy

Price for Plastic or Non-Precious Metal Watch in Italy (CIF) - 2022

In 2022, the average import price for plastic or non-precious metal watches amounted to $102 per unit, growing by 2.5% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic or non-precious metal watch import price increased by +61.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 45% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 ($1,665 per unit), while the price for China ($20 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Plastic or Non-Precious Metal Watch in Italy (FOB) - 2022

The average export price for plastic or non-precious metal watches stood at $223 per unit in 2022, reducing by -8.3% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 32% against the previous year. The export price peaked at $326 per unit in 2014; however, from 2015 to 2022, the 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 Hong Kong SAR ($1,190 per unit), while the average price for exports to Spain ($57 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 the UK (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic or Non-Precious Metal Watch in Italy

In 2022, the amount of plastic or non-precious metal watches imported into Italy contracted to 8.4M units, remaining relatively unchanged against 2021. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 7.7% against the previous year. Imports peaked at 11M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic or non-precious metal watch imports amounted to $858M in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 17%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Import of Plastic or Non-Precious Metal Watch in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland28230939743415.5%
France11478.498.51386.6%
Germany79.412312812215.4%
China99.076.290.488.4-3.7%
Spain39.836.434.716.4-25.6%
Netherlands7.813.515.311.313.2%
Poland7.98.46.81.6-41.3%
Others85.679.175.545.2-19.2%
Total7157248478586.3%

Top Suppliers of Plastic or Non-Precious Metal Watch to Italy in 2022:

  1. Poland (undefinedM units)
  2. China (4.4M units)
  3. Germany (1.5M units)
  4. France (0.9M units)
  5. Spain (0.4M units)
  6. Netherlands (0.3M units)
  7. Switzerland (0.3M units)

Exports of Plastic or Non-Precious Metal Watch in Italy

In 2022, approx. 1.6M units of plastic or non-precious metal watches were exported from Italy; reducing by -8.2% against the previous year's figure. Over the period under review, exports recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 14%. Over the period under review, the exports attained the maximum at 2.1M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic or non-precious metal watch exports declined rapidly to $355M in 2022. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. The exports peaked at $487M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Plastic or Non-Precious Metal Watch in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR19113713696.6-20.3%
Switzerland35.934.245.052.313.4%
Germany43.031.842.036.3-5.5%
United States30.520.434.328.3-2.5%
France29.223.926.519.8-12.1%
United Kingdom22.616.711.712.2-18.6%
Spain12.56.68.710.1-6.9%
Poland2.64.77.39.453.5%
United Arab Emirates0.70.71.49.3136.8%
Saudi Arabia0.20.52.42.7138.1%
Greece2.52.62.62.50.0%
Netherlands4.04.24.62.3-16.8%
Portugal1.50.91.62.315.3%
Others11178.598.371.2-13.8%
Total487363422355-10.0%

Top Export Markets for Plastic or Non-Precious Metal Watch from Italy in 2022:

  1. Germany (325.7K units)
  2. France (261.6K units)
  3. Spain (177.4K units)
  4. Poland (141.4K units)
  5. Switzerland (105.1K units)
  6. Hong Kong SAR (81.2K units)
  7. United States (56.1K units)
  8. United Arab Emirates (37.8K units)
  9. Netherlands (35.5K units)
  10. Portugal (30.5K units)
  11. Greece (30.5K units)
  12. Saudi Arabia (25.1K units)
  13. United Kingdom (23.5K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for plastic or non-precious metal watch in Italy. 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:

  • Italy

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Italy
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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