Germany - Watches - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWatch Price in Germany - 2023
Contents:
- Watch Price in Germany (CIF) - 2023
- Watch Price in Germany (FOB) - 2022
- Watch Imports in Germany
- Watch Exports in Germany
Watch Price in Germany (CIF) - 2023
In June 2023, the average watch import price amounted to $100 per unit, surging by 3.8% against the previous month. Over the period under review, import price indicated a moderate expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, watch import price increased by +3.5% against December 2022 indices. The most prominent rate of growth was recorded in December 2022 an increase of 55% against the previous month. The import price peaked in June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Switzerland ($640 per unit), while the price for China ($14.0 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 Austria (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Watch Price in Germany (FOB) - 2022
The average watch export price stood at $122 per unit in 2022, surging by 5.8% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices attained the maximum at $227 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
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 ($655 per unit), while the average price for exports to the Czech Republic ($41 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 Switzerland (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.
Watch Imports in Germany
For the third year in a row, Germany recorded decline in purchases abroad of watches, which decreased by -11.8% to 24M units in 2022. Over the period under review, imports saw a deep slump. The smallest decline of -5.2% was in 2021. Over the period under review, imports reached the maximum at 38M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, watch imports skyrocketed to $2.6B in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 19%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Watch in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,162 | 895 | 1,077 | 1,398 | 6.4% |
| France | 58.0 | 164 | 201 | 274 | 67.8% |
| Netherlands | 38.0 | 86.5 | 223 | 213 | 77.6% |
| China | 462 | 280 | 219 | 189 | -25.8% |
| Ireland | 5.3 | 22.9 | 76.0 | 107 | 172.3% |
| Poland | 60.7 | 101 | 108 | 72.7 | 6.2% |
| Italy | 20.6 | 34.8 | 45.9 | 48.1 | 32.7% |
| Hong Kong SAR | 49.1 | 24.8 | 23.7 | 46.3 | -1.9% |
| Thailand | 30.4 | 29.3 | 38.2 | 39.3 | 8.9% |
| Spain | 16.8 | 21.2 | 31.9 | 38.7 | 32.1% |
| Austria | 16.9 | 46.7 | 42.3 | 34.7 | 27.1% |
| Others | 134 | 186 | 158 | 136 | 0.5% |
| Total | 2,054 | 1,893 | 2,243 | 2,596 | 8.1% |
Top Suppliers of Watch to Germany in 2022:
- China (12.5M units)
- Netherlands (2.1M units)
- Switzerland (1.8M units)
- Poland (1.5M units)
- Hong Kong SAR (1.4M units)
- France (0.9M units)
- Ireland (0.9M units)
- Thailand (0.9M units)
- Spain (0.5M units)
- Italy (0.4M units)
- Austria (0.4M units)
Watch Exports in Germany
In 2022, overseas shipments of watches were finally on the rise to reach 15M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a abrupt downturn. The exports peaked at 19M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, watch exports rose significantly to $1.8B in 2022. The total export value increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 18% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.
| Export of Watch in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 254 | 202 | 254 | 325 | 8.6% |
| Switzerland | 255 | 168 | 205 | 237 | -2.4% |
| Italy | 101 | 131 | 149 | 171 | 19.2% |
| Poland | 94.2 | 142 | 138 | 147 | 16.0% |
| Spain | 70.9 | 66.3 | 102 | 114 | 17.2% |
| Netherlands | 69.3 | 72.2 | 87.8 | 99.6 | 12.9% |
| Austria | 74.9 | 63.6 | 76.1 | 83.6 | 3.7% |
| Belgium | 26.7 | 24.9 | 34.4 | 33.7 | 8.1% |
| United Kingdom | 120 | 92.6 | 35.9 | 27.7 | -38.7% |
| Czech Republic | 29.2 | 23.1 | 27.2 | 23.4 | -7.1% |
| Turkey | 19.5 | 10.2 | 12.8 | 20.7 | 2.0% |
| Denmark | 16.3 | 18.3 | 19.5 | 20.1 | 7.2% |
| Portugal | 14.8 | 8.4 | 10.2 | 13.6 | -2.8% |
| Others | 484 | 349 | 458 | 465 | -1.3% |
| Total | 1,630 | 1,371 | 1,611 | 1,781 | 3.0% |
Top Export Markets for Watch from Germany in 2022:
- Poland (2.7M units)
- Italy (2.2M units)
- France (2.0M units)
- Spain (1.4M units)
- Austria (1.0M units)
- Netherlands (0.9M units)
- Czech Republic (0.6M units)
- Belgium (0.5M units)
- Switzerland (0.4M units)
- Portugal (0.3M units)
- Turkey (0.2M units)
- Denmark (0.2M units)
- United Kingdom (0.2M units)
This report provides an in-depth analysis of the watch market in Germany. 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:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- 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
-
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
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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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