Mexico - 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 Mexico - 2023
Contents:
- Price for Plastic or Non-Precious Metal Watch in Mexico (CIF) - 2022
- Price for Plastic or Non-Precious Metal Watch in Mexico (FOB) - 2022
- Imports of Plastic or Non-Precious Metal Watch in Mexico
- Exports of Plastic or Non-Precious Metal Watch in Mexico
Price for Plastic or Non-Precious Metal Watch in Mexico (CIF) - 2022
The average import price for plastic or non-precious metal watches stood at $29 per unit in 2022, with an increase of 2.4% against the previous year. In general, the import price saw strong growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 27%. The import price peaked in 2022 and is expected to retain growth in the near future.
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 ($755 per unit), while the price for China ($8.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Plastic or Non-Precious Metal Watch in Mexico (FOB) - 2022
In 2022, the average export price for plastic or non-precious metal watches amounted to $206 per unit, dropping by -8.4% against the previous year. In general, the export price, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 161% against the previous year. Over the period under review, the average export prices attained the peak figure at $225 per unit in 2021, and then declined in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($680 per unit), while the average price for exports to Guatemala ($11 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 Costa Rica (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Plastic or Non-Precious Metal Watch in Mexico
In 2022, approx. 10M units of plastic or non-precious metal watches were imported into Mexico; picking up by 21% against the year before. Overall, imports, however, faced a abrupt descent. Imports peaked at 15M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, plastic or non-precious metal watch imports soared to $290M in 2022. Over the period under review, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +3.0% 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 +77.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 44%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Plastic or Non-Precious Metal Watch in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 141 | 92.3 | 140 | 183 | 9.1% |
| China | 86.6 | 51.8 | 66.0 | 72.0 | -6.0% |
| Japan | 20.7 | 10.1 | 16.7 | 27.9 | 10.5% |
| Thailand | 4.7 | 3.8 | 4.7 | 4.9 | 1.4% |
| Philippines | 6.5 | 3.3 | 5.7 | 2.2 | -30.3% |
| Others | 5.5 | 1.6 | 1.6 | 0.2 | -66.9% |
| Total | 265 | 163 | 235 | 290 | 3.1% |
Top Suppliers of Plastic or Non-Precious Metal Watch to Mexico in 2022:
- China (8.6M units)
- Japan (1.0M units)
- Thailand (0.2M units)
- Switzerland (0.2M units)
- Philippines (0.1M units)
Exports of Plastic or Non-Precious Metal Watch in Mexico
In 2022, plastic or non-precious metal watch exports from Mexico shrank rapidly to 15K units, which is down by -43.1% on 2021 figures. In general, exports continue to indicate a dramatic curtailment. The smallest decline of -3.4% was in 2020. Over the period under review, the exports attained the peak figure at 54K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, plastic or non-precious metal watch exports dropped notably to $3.1M in 2022. Over the period under review, exports showed a sharp setback. The smallest decline of -1.2% was in 2020. The exports peaked at $9.7M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Plastic or Non-Precious Metal Watch in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 4.2 | 5.3 | 2.3 | 1.6 | -27.5% |
| United States | 5.2 | 4.1 | 3.6 | 1.5 | -33.9% |
| Hong Kong SAR | N/A | N/A | N/A | N/A | 0% |
| Guatemala | 0.2 | N/A | N/A | N/A | 0% |
| Costa Rica | N/A | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Total | 9.7 | 9.6 | 6.0 | 3.1 | -31.6% |
Top Export Markets for Plastic or Non-Precious Metal Watch from Mexico in 2022:
- Costa Rica (undefinedK units)
- United States (10.7K units)
- Switzerland (2.3K units)
- Guatemala (1.5K units)
- Hong Kong SAR (0.4K units)
This report provides an in-depth analysis of the market for plastic or non-precious metal watch in Mexico. 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:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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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