Luxembourg - Watches - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWatch Price in Luxembourg - 2023
Contents:
- Watch Price in Luxembourg (CIF) - 2023
- Watch Price in Luxembourg (FOB) - 2022
- Watch Imports in Luxembourg
- Watch Exports in Luxembourg
Watch Price in Luxembourg (CIF) - 2023
The average watch import price stood at $12.6 per unit in June 2023, which is down by -19% against the previous month. Over the period under review, the import price, however, recorded a strong expansion. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 318% m-o-m. Over the period under review, average import prices reached the maximum at $18.9 per unit in January 2023; however, from February 2023 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($14.0 per unit), while the price for China ($5.9 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 Belgium (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Watch Price in Luxembourg (FOB) - 2022
The average watch export price stood at $28 per unit in 2022, surging by 2% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. The growth pace was the most rapid in 2014 when the average export price increased by 76%. Over the period under review, the average export prices reached the peak figure at $153 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($973 per unit), while the average price for exports to France ($18 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 Netherlands (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.
Watch Imports in Luxembourg
In 2022, after three years of growth, there was significant decline in purchases abroad of watches, when their volume decreased by -20.1% to 725K units. In general, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 213% against the previous year. Imports peaked at 908K units in 2021, and then shrank notably in the following year.
In value terms, watch imports totaled $73M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 +51.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Watch in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 8.0 | 22.4 | 30.1 | 36.6 | 66.0% |
| France | 2.5 | 6.1 | 8.5 | 10.5 | 61.3% |
| Germany | 3.5 | 6.9 | 8.6 | 9.9 | 41.4% |
| China | 1.4 | 1.8 | 7.0 | 5.1 | 53.9% |
| Netherlands | 0.8 | 4.7 | 2.6 | 1.6 | 26.0% |
| Lithuania | N/A | N/A | N/A | 0.9 | 0% |
| Hong Kong SAR | 0.2 | 2.1 | 1.1 | 0.3 | 14.5% |
| Others | 31.8 | 7.1 | 8.0 | 7.9 | -37.1% |
| Total | 48.1 | 51.3 | 65.8 | 72.8 | 14.8% |
Top Suppliers of Watch to Luxembourg in 2022:
- China (495.6K units)
- Belgium (115.3K units)
- Hong Kong SAR (37.8K units)
- Germany (25.6K units)
- Lithuania (25.5K units)
- France (20.5K units)
- Netherlands (11.9K units)
Watch Exports in Luxembourg
In 2022, after three years of growth, there was significant decline in shipments abroad of watches, when their volume decreased by -32.8% to 619K units. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 970% against the previous year. The exports peaked at 920K units in 2021, and then dropped significantly in the following year.
In value terms, watch exports dropped dramatically to $17M in 2022. Overall, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 66% against the previous year. The exports peaked at $25M in 2021, and then fell dramatically in the following year.
| Export of Watch in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1.2 | 7.5 | 7.0 | 4.7 | 57.6% |
| France | 0.6 | 3.2 | 3.7 | 4.1 | 89.8% |
| Germany | 2.2 | 1.9 | 1.7 | 1.3 | -16.1% |
| United Kingdom | 0.7 | 1.0 | 0.3 | 0.3 | -24.6% |
| Czech Republic | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Others | 6.7 | 5.5 | 12.4 | 6.8 | 0.5% |
| Total | 11.6 | 19.3 | 25.2 | 17.3 | 14.3% |
Top Export Markets for Watch from Luxembourg in 2022:
- France (231.7K units)
- Belgium (86.7K units)
- Germany (8.1K units)
- Czech Republic (4.3K units)
- United Kingdom (0.8K units)
This report provides an in-depth analysis of the watch market in Luxembourg. 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:
- Luxembourg
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Luxembourg
- 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
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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
-
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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