South Africa - 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 South Africa - 2023
Contents:
- Price for Plastic or Non-Precious Metal Watch in South Africa (CIF) - 2023
- Price for Plastic or Non-Precious Metal Watch in South Africa (FOB) - 2022
- Imports of Plastic or Non-Precious Metal Watch in South Africa
- Exports of Plastic or Non-Precious Metal Watch in South Africa
Price for Plastic or Non-Precious Metal Watch in South Africa (CIF) - 2023
In September 2023, the average import price for plastic or non-precious metal watches amounted to $3.7 per unit, jumping by 26% against the previous month. Overall, the import price, however, saw a slight curtailment. The growth pace was the most rapid in June 2023 when the average import price increased by 99% month-to-month. Over the period under review, average import prices reached the maximum at $5.6 per unit in July 2023; however, from August 2023 to September 2023, import prices failed to regain momentum.
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 -3.9% per month.
Price for Plastic or Non-Precious Metal Watch in South Africa (FOB) - 2022
In 2022, the average export price for plastic or non-precious metal watches amounted to $78 per unit, with an increase of 46% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% 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 export price increased by +89.0% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($244 per unit), while the average price for exports to Namibia ($10 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 (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Plastic or Non-Precious Metal Watch in South Africa
Plastic or non-precious metal watch imports into South Africa rose remarkably to 4.7M units in 2022, growing by 5.3% compared with the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, plastic or non-precious metal watch imports skyrocketed to $63M in 2022. In general, total imports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +2.7% 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 +73.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Plastic or Non-Precious Metal Watch in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.4 | 20.3 | 24.9 | 28.8 | 2.9% |
| Switzerland | 21.2 | 10.6 | 17.7 | 27.6 | 9.2% |
| Hong Kong SAR | 3.5 | 1.9 | 2.0 | 2.6 | -9.4% |
| Others | 7.3 | 3.8 | 5.1 | 4.4 | -15.5% |
| Total | 58.5 | 36.6 | 49.7 | 63.4 | 2.7% |
Top Suppliers of Plastic or Non-Precious Metal Watch to South Africa in 2022:
- China (4.0M units)
- Switzerland (0.3M units)
- Hong Kong SAR (0.2M units)
Exports of Plastic or Non-Precious Metal Watch in South Africa
In 2022, plastic or non-precious metal watch exports from South Africa contracted slightly to 224K units, dropping by -3.9% compared with 2021. In general, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. The exports peaked at 271K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, plastic or non-precious metal watch exports skyrocketed to $17M in 2022. Overall, exports, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 59% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Plastic or Non-Precious Metal Watch in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 8,571 | 1,977 | 6,388 | 10,979 | 8.6% |
| Namibia | 1,139 | 763 | 1,163 | 1,065 | -2.2% |
| United Kingdom | 1,503 | 1,196 | 38.5 | 862 | -16.9% |
| Botswana | 595 | 445 | 714 | 770 | 9.0% |
| United States | 603 | 318 | 449 | 606 | 0.2% |
| Switzerland | 1,264 | 1,349 | 734 | 333 | -35.9% |
| Zambia | 269 | 171 | 372 | 294 | 3.0% |
| Swaziland | 203 | 147 | 210 | 229 | 4.1% |
| Mauritius | 306 | 328 | 357 | 159 | -19.6% |
| Lesotho | 93.4 | 72.7 | 122 | 141 | 14.7% |
| Malawi | 15.2 | 11.1 | 12.4 | 114 | 95.7% |
| Nigeria | 58.6 | 64.7 | 112 | 108 | 22.6% |
| Others | 1,160 | 979 | 1,757 | 1,820 | 16.2% |
| Total | 15,781 | 7,822 | 12,429 | 17,478 | 3.5% |
Top Export Markets for Plastic or Non-Precious Metal Watch from South Africa in 2022:
- Namibia (104.3K units)
- Botswana (43.4K units)
- Swaziland (17.8K units)
- Zambia (13.5K units)
- Lesotho (8.9K units)
- Malawi (7.8K units)
- Nigeria (5.2K units)
- Mauritius (3.8K units)
- United Kingdom (3.5K units)
- Switzerland (1.5K units)
- Hong Kong SAR (1.3K units)
- United States (0.8K units)
This report provides an in-depth analysis of the market for plastic or non-precious metal watch in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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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