Serbia - Watches - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWatch Price in Serbia - 2023
Contents:
- Watch Price in Serbia (CIF) - 2023
- Watch Price in Serbia (FOB) - 2022
- Watch Imports in Serbia
- Watch Exports in Serbia
Watch Price in Serbia (CIF) - 2023
In October 2023, the average watch import price amounted to $60.2 per unit, which is down by -32.6% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 107% month-to-month. The import price peaked at $187 per unit in June 2023; however, from July 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($846 per unit), while the price for China ($19.5 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.0%), while the prices for the other major suppliers experienced a decline.
Watch Price in Serbia (FOB) - 2022
The average watch export price stood at $130 per unit in 2022, surging by 10% against the previous year. Over the period under review, the export price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2014 an increase of 49%. Over the period under review, the average export prices reached the peak figure at $240 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
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 Switzerland ($410 per unit), while the average price for exports to Bosnia and Herzegovina ($16 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 Slovakia (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.
Watch Imports in Serbia
Watch imports into Serbia soared to 658K units in 2022, growing by 33% against the previous year's figure. Overall, total imports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +3.2% 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 +63.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, watch imports soared to $37M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.4% 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 +61.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Watch in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 14.6 | 13.4 | 19.4 | 24.3 | 18.5% |
| China | 7.7 | 6.5 | 6.6 | 8.5 | 3.3% |
| Hong Kong SAR | 0.2 | N/A | 0.3 | 0.8 | 58.7% |
| Japan | 0.8 | 0.9 | 0.7 | 0.7 | -4.4% |
| Thailand | 0.4 | 0.4 | 0.3 | 0.6 | 14.5% |
| Others | 1.8 | 1.6 | 3.9 | 2.2 | 6.9% |
| Total | 25.4 | 22.9 | 31.2 | 37.1 | 13.5% |
Top Suppliers of Watch to Serbia in 2022:
- China (524.9K units)
- Switzerland (45.6K units)
- Hong Kong SAR (26.2K units)
- Thailand (13.0K units)
- Japan (5.7K units)
Watch Exports in Serbia
In 2022, the amount of watches exported from Serbia fell to 48K units, shrinking by -12.8% compared with the previous year's figure. Over the period under review, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 17%. Over the period under review, the exports attained the peak figure at 63K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, watch exports reduced to $6.2M in 2022. Overall, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 42% against the previous year. Over the period under review, the exports attained the peak figure at $8M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Watch in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 2,015 | 1,197 | 3,619 | 2,042 | 0.4% |
| Montenegro | 937 | 539 | 952 | 842 | -3.5% |
| Russia | 11.7 | 4.0 | 72.3 | 645 | 280.6% |
| United Kingdom | 2,324 | 1,032 | 202 | 624 | -35.5% |
| Bosnia and Herzegovina | 365 | 224 | 220 | 333 | -3.0% |
| Slovakia | 0.1 | 0.4 | 109 | 140 | 1018.7% |
| North Macedonia | 209 | 116 | 168 | 106 | -20.3% |
| Germany | 9.9 | 19.2 | 24.2 | 72.9 | 94.5% |
| Israel | 1,191 | 394 | 84.1 | 12.8 | -77.9% |
| Turkey | 27.8 | 16.9 | 12.5 | N/A | -32.9% |
| Others | 953 | 964 | 948 | 1,354 | 12.4% |
| Total | 8,044 | 4,507 | 6,411 | 6,170 | -8.5% |
Top Export Markets for Watch from Serbia in 2022:
- Bosnia and Herzegovina (21.5K units)
- Montenegro (10.2K units)
- Russia (5.1K units)
- Switzerland (5.0K units)
- Germany (2.7K units)
- North Macedonia (2.4K units)
- Slovakia (2.1K units)
- United Kingdom (1.8K units)
- Israel (0.1K units)
This report provides an in-depth analysis of the watch market in Serbia. 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:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- 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
-
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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