Turkey - 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 Turkey - 2023
Contents:
- Price for Plastic or Non-Precious Metal Watch in Turkey (CIF) - 2023
- Price for Plastic or Non-Precious Metal Watch in Turkey (FOB) - 2022
- Imports of Plastic or Non-Precious Metal Watch in Turkey
- Exports of Plastic or Non-Precious Metal Watch in Turkey
Price for Plastic or Non-Precious Metal Watch in Turkey (CIF) - 2023
In September 2023, the average import price for plastic or non-precious metal watches amounted to $50.3 per unit, picking up by 20% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 49% month-to-month. The import price peaked at $68.3 per unit in June 2023; however, from July 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($474 per unit), while the price for China ($15.5 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Plastic or Non-Precious Metal Watch in Turkey (FOB) - 2022
In 2022, the average export price for plastic or non-precious metal watches amounted to $45 per unit, growing by 18% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 +44.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 43%. The export price peaked at $52 per unit in 2017; however, from 2018 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 the United States ($89 per unit), while the average price for exports to Israel ($3.4 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 Azerbaijan (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Plastic or Non-Precious Metal Watch in Turkey
After two years of decline, purchases abroad of plastic or non-precious metal watches increased by 24% to 5.7M units in 2022. Overall, imports, however, showed a abrupt shrinkage. Over the period under review, imports attained the maximum at 9.3M 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 $238M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.4% 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 +77.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Plastic or Non-Precious Metal Watch in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Switzerland | 87.7 | 80.8 | 113 | 155 | 20.9% |
China | 73.2 | 40.7 | 49.4 | 65.0 | -3.9% |
Philippines | 1.8 | 2.5 | 2.8 | 5.0 | 40.6% |
Thailand | 4.7 | 4.3 | 5.1 | 4.1 | -4.5% |
Others | 9.5 | 5.4 | 8.0 | 8.6 | -3.3% |
Total | 177 | 134 | 178 | 238 | 10.4% |
Top Suppliers of Plastic or Non-Precious Metal Watch to Turkey in 2022:
- China (5.0M units)
- Switzerland (0.3M units)
- Thailand (0.1M units)
- Philippines (0.1M units)
Exports of Plastic or Non-Precious Metal Watch in Turkey
In 2022, exports of plastic or non-precious metal watches from Turkey dropped sharply to 425K units, reducing by -30% on 2021 figures. Over the period under review, exports showed a sharp setback. The most prominent rate of growth was recorded in 2021 when exports increased by 58% against the previous year. Over the period under review, the exports reached the peak figure at 858K 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 shrank markedly to $19M in 2022. In general, exports saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of 35%. Over the period under review, the exports hit record highs at $27M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Plastic or Non-Precious Metal Watch in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 5.7 | 3.3 | 3.7 | 5.3 | -2.4% |
Hong Kong SAR | 4.6 | 4.4 | 6.2 | 2.2 | -21.8% |
United Arab Emirates | N/A | N/A | N/A | 1.1 | 0% |
Cyprus | 1.1 | 0.7 | 0.7 | 0.9 | -6.5% |
Germany | 0.2 | 0.2 | 0.5 | 0.7 | 51.8% |
Russia | 0.6 | 0.4 | 0.2 | 0.5 | -5.9% |
Iraq | 2.8 | 0.9 | 0.5 | 0.4 | -47.7% |
Serbia | 0.8 | 0.4 | 0.3 | 0.4 | -20.6% |
Azerbaijan | 0.2 | N/A | 0.4 | 0.4 | 26.0% |
Iran | 0.7 | 0.2 | 0.2 | 0.3 | -24.6% |
Bosnia and Herzegovina | 0.3 | 0.3 | 0.1 | 0.2 | -12.6% |
Israel | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
Libya | 0.7 | 0.4 | 0.5 | 0.1 | -47.7% |
Others | 9.1 | 6.1 | 9.8 | 6.9 | -8.8% |
Total | 26.9 | 17.3 | 23.2 | 19.3 | -10.5% |
Top Export Markets for Plastic or Non-Precious Metal Watch from Turkey in 2022:
- United States (59.2K units)
- Serbia (44.7K units)
- United Arab Emirates (35.1K units)
- Hong Kong SAR (32.8K units)
- Iraq (30.3K units)
- Libya (25.5K units)
- Israel (19.4K units)
- Iran (14.7K units)
- Cyprus (12.2K units)
- Russia (12.1K units)
- Azerbaijan (11.4K units)
- Germany (10.3K units)
- Bosnia and Herzegovina (9.4K units)
This report provides an in-depth analysis of the market for plastic or non-precious metal watch in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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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