China - Watches - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWatch Price in China - 2023
Contents:
- Watch Price in China (CIF) - 2023
- Watch Price in China (FOB) - 2023
- Watch Imports in China
- Watch Exports in China
Watch Price in China (CIF) - 2023
The average watch import price stood at $317 per unit in June 2023, shrinking by -29.5% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 44% month-to-month. As a result, import price attained the peak level of $477 per unit. From February 2023 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($1,139 per unit), while the price for Thailand ($30.6 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
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Watch Price in China (FOB) - 2023
In June 2023, the average watch export price amounted to $3.6 per unit, increasing by 5.8% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 86% against the previous month. As a result, the export price attained the peak level of $5.4 per unit. From March 2023 to June 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Japan ($11.7 per unit), while the average price for exports to Algeria ($413 per thousand units) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Watch Imports in China
In 2022, the amount of watches imported into China rose remarkably to 13M units, with an increase of 10% on the year before. The total import volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, watch imports fell rapidly to $3.8B in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 +44.7% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of $4.7B, and then dropped significantly in the following year.
| Import of Watch in China (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 2.2 | 2.9 | 4.0 | 3.3 | 14.5% |
| Japan | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Thailand | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.3 | 0.4 | 0.2 | 26.0% |
| Total | 2.6 | 3.5 | 4.7 | 3.8 | 13.5% |
Top Suppliers of Watch to China in 2022:
- Thailand (3.6M units)
- Japan (2.5M units)
- Switzerland (2.4M units)
Watch Exports in China
Watch exports from China surged to 542M units in 2022, with an increase of 27% compared with 2021 figures. Overall, exports, however, recorded a deep slump. The exports peaked at 655M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, watch exports totaled $2B in 2022. Over the period under review, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Over the period under review, the exports attained the peak figure at $2.4B in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Watch in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 270 | 210 | 160 | 157 | -16.5% |
| Japan | 107 | 72.3 | 89.8 | 98.5 | -2.7% |
| Singapore | 18.2 | 25.3 | 18.6 | 84.8 | 67.0% |
| Germany | 111 | 65.3 | 71.1 | 72.9 | -13.1% |
| Malaysia | 24.4 | 25.2 | 60.3 | 65.2 | 38.8% |
| India | 35.9 | 17.9 | 30.3 | 62.6 | 20.4% |
| Saudi Arabia | 48.4 | 27.3 | 35.7 | 53.6 | 3.5% |
| United Arab Emirates | 160 | 22.6 | 29.4 | 50.4 | -32.0% |
| Indonesia | 33.4 | 25.3 | 30.3 | 46.6 | 11.7% |
| Mexico | 6.6 | 6.3 | 11.8 | 19.4 | 43.2% |
| Uruguay | 6.8 | 4.0 | 5.0 | 13.8 | 26.6% |
| Colombia | 12.3 | 10.9 | 12.6 | 12.5 | 0.5% |
| South Africa | 8.5 | 6.7 | 10.2 | 11.2 | 9.6% |
| Others | 1,576 | 1,142 | 1,426 | 1,262 | -7.1% |
| Total | 2,419 | 1,661 | 1,991 | 2,011 | -6.0% |
Top Export Markets for Watch from China in 2022:
- India (94.3M units)
- United States (41.8M units)
- Singapore (27.6M units)
- Saudi Arabia (24.8M units)
- Uruguay (21.1M units)
- Indonesia (16.6M units)
- Japan (13.8M units)
- Mexico (12.7M units)
- Malaysia (12.3M units)
- United Arab Emirates (12.0M units)
- Germany (9.2M units)
- Colombia (8.8M units)
- South Africa (7.4M units)
This report provides an in-depth analysis of the watch market in China. 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 26521100 - Wrist-watches, pocket-watches, with case of precious metal or of metal clad with precious metal
- Prodcom 26521200 - Other wrist-watches, pocket-watches and other watches, i ncluding stop-watches
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
-
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
-
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
-
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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