Ethiopia - Watches - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWatch Price in Ethiopia - 2021
Contents:
- Watch Price in Ethiopia (CIF) - 2022
- Watch Price in Ethiopia (FOB) - 2022
- Watch Imports in Ethiopia
- Watch Exports in Ethiopia
Watch Price in Ethiopia (CIF) - 2022
In 2022, the average watch import price amounted to $50 per unit, increasing by 36% against the previous year. Over the period under review, the import price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2016 an increase of 95% against the previous year. The import price peaked at $147 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
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 ($248 per unit), while the price for Hong Kong SAR ($3.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Watch Price in Ethiopia (FOB) - 2022
In 2022, the average watch export price amounted to $44 per unit, surging by 4.7% against the previous year. Overall, the export price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2015 an increase of 85% against the previous year. As a result, the export price attained the peak level of $97 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($595 per unit), while the average price for exports to Angola ($0.1 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 Cote d'Ivoire (+3.5%), while the prices for the other major destinations experienced a decline.
Watch Imports in Ethiopia
Watch imports into Ethiopia reduced dramatically to 46K units in 2022, falling by -27.5% on the previous year's figure. Overall, imports saw a pronounced contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 122% against the previous year. As a result, imports attained the peak of 64K units, and then declined dramatically in the following year.
In value terms, watch imports reduced to $2.3M in 2022. Over the period under review, imports showed a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 2.5% against the previous year. Over the period under review, imports hit record highs at $4.1M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Watch in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,117 | 1,144 | 1,623 | 1,234 | -16.5% |
| Japan | 299 | 231 | 104 | 289 | -1.1% |
| Switzerland | 1,000 | 399 | 84.5 | 214 | -40.2% |
| France | 17.9 | 92.9 | 61.3 | 76.9 | 62.6% |
| Spain | 18.2 | 18.2 | 95.6 | 75.6 | 60.7% |
| United Arab Emirates | 107 | 68.4 | 56.2 | 68.4 | -13.9% |
| Hong Kong SAR | 279 | 120 | 40.5 | 63.2 | -39.0% |
| Thailand | 110 | 33.7 | 32.7 | 54.1 | -21.1% |
| Germany | 21.9 | 34.3 | 4.0 | 50.9 | 32.5% |
| Philippines | 41.1 | 51.1 | 40.0 | 47.8 | 5.2% |
| United Kingdom | 3.5 | 14.8 | 23.5 | 39.3 | 123.9% |
| Others | 69.1 | 90.2 | 189 | 112 | 17.5% |
| Total | 4,084 | 2,297 | 2,354 | 2,326 | -17.1% |
Top Suppliers of Watch to Ethiopia in 2022:
- Hong Kong SAR (18.8K units)
- China (11.8K units)
- United Kingdom (2.4K units)
- Japan (1.8K units)
- Philippines (1.3K units)
- France (1.1K units)
- Thailand (1.0K units)
- Switzerland (0.9K units)
- United Arab Emirates (0.8K units)
- Spain (0.7K units)
- Germany (0.7K units)
Watch Exports in Ethiopia
In 2022, after two years of decline, there was growth in shipments abroad of watches, when their volume increased by 3.7% to 1.1K units. In general, exports, however, showed a perceptible shrinkage. Over the period under review, the exports reached the maximum at 1.3K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, watch exports expanded significantly to $49K in 2022. Overall, exports, however, recorded a perceptible decrease. The exports peaked at $54K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Watch in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 16.8 | 22.8 | 22.8 | 23.5 | 11.8% |
| Cote d'Ivoire | 26.2 | 14.3 | 15.0 | 19.0 | -10.2% |
| Angola | 7.2 | 1.9 | 0.2 | 0.6 | -56.3% |
| Others | 3.7 | 13.3 | 6.7 | 5.4 | 13.4% |
| Total | 53.9 | 52.4 | 44.7 | 48.5 | -3.5% |
Top Export Markets for Watch from Ethiopia in 2022:
- Cote d'Ivoire (undefinedK units)
- Angola (4.0K units)
- Hong Kong SAR (0.3K units)
This report provides an in-depth analysis of the watch market in Ethiopia. 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:
- Ethiopia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ethiopia
- 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
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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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