Switzerland - Watches - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWatch Price in Switzerland - 2023
Contents:
- Watch Price in Switzerland (FOB) - 2023
- Watch Price in Switzerland (CIF) - 2022
- Watch Exports in Switzerland
- Watch Imports in Switzerland
Watch Price in Switzerland (FOB) - 2023
The average watch export price stood at $1,503 per unit in August 2023, waning by -11.9% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 13% against the previous month. Over the period under review, the average export prices hit record highs at $1,811 per unit in February 2023; afterwards, it flattened through to August 2023.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Singapore ($4,580 per unit), while the average price for exports to Spain ($809 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Watch Price in Switzerland (CIF) - 2022
In 2022, the average watch import price amounted to $1,202 per unit, picking up by 6.7% against the previous year. Over the period under review, the import price showed a remarkable increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 32%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($8,941 per unit), while the price for the Philippines ($105 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Watch Exports in Switzerland
In 2022, the amount of watches exported from Switzerland declined slightly to 16M units, approximately mirroring 2021. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. Over the period under review, the exports hit record highs at 21M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, watch exports rose remarkably to $24.8B in 2022. The total export value increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 35% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Watch in Switzerland (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.3 | 2.0 | 3.2 | 3.9 | 19.2% |
| China | 1.9 | 2.5 | 3.1 | 2.6 | 11.0% |
| Hong Kong SAR | 2.4 | 1.7 | 2.1 | 1.9 | -7.5% |
| Singapore | 1.2 | 1.0 | 1.3 | 1.7 | 12.3% |
| Japan | 1.5 | 1.2 | 1.4 | 1.7 | 4.3% |
| United Kingdom | 1.3 | 1.0 | 1.4 | 1.6 | 7.2% |
| United Arab Emirates | 1.4 | 1.1 | 1.6 | 1.2 | -5.0% |
| Germany | 1.0 | 0.8 | 1.0 | 1.2 | 6.3% |
| France | 0.9 | 0.6 | 0.9 | 1.1 | 6.9% |
| Italy | 0.9 | 0.7 | 0.9 | 1.0 | 3.6% |
| South Korea | 0.9 | 0.6 | 0.8 | 0.8 | -3.9% |
| Spain | 0.4 | 0.3 | 0.4 | 0.4 | 0.0% |
| Turkey | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Others | 4.4 | 3.8 | 5.0 | 5.5 | 7.7% |
| Total | 20.6 | 17.2 | 23.2 | 24.8 | 6.4% |
Top Export Markets for Watch from Switzerland in 2022:
- United States (2.4M units)
- China (2.0M units)
- Italy (0.9M units)
- France (0.9M units)
- Germany (0.9M units)
- United Kingdom (0.8M units)
- United Arab Emirates (0.6M units)
- Japan (0.6M units)
- Hong Kong SAR (0.5M units)
- Singapore (0.4M units)
- South Korea (0.4M units)
- Spain (0.4M units)
- Turkey (0.3M units)
Watch Imports in Switzerland
In 2022, watch imports into Switzerland declined to 1.8M units, with a decrease of -5.3% on the previous year's figure. Overall, imports recorded a abrupt descent. The smallest decline of -1.8% was in 2021. Imports peaked at 2.4M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, watch imports amounted to $2.1B in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Watch in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 242 | 178 | 260 | 280 | 5.0% |
| United States | 218 | 168 | 182 | 258 | 5.8% |
| Hong Kong SAR | 252 | 184 | 173 | 257 | 0.7% |
| Germany | 262 | 181 | 230 | 215 | -6.4% |
| Italy | 112 | 73.4 | 107 | 137 | 6.9% |
| United Arab Emirates | 191 | 174 | 243 | 128 | -12.5% |
| Singapore | 82.7 | 64.2 | 63.5 | 126 | 15.1% |
| China | 106 | 94.1 | 184 | 101 | -1.6% |
| Taiwan (Chinese) | 30.0 | 30.8 | 51.8 | 43.1 | 12.8% |
| Spain | 22.1 | 12.1 | 25.0 | 27.1 | 7.0% |
| Vietnam | 0.2 | 3.1 | 8.1 | 7.3 | 231.7% |
| Philippines | 2.6 | 2.7 | 4.8 | 6.1 | 32.9% |
| Others | 555 | 453 | 573 | 540 | -0.9% |
| Total | 2,076 | 1,619 | 2,104 | 2,126 | 0.8% |
Top Suppliers of Watch to Switzerland in 2022:
- China (959.1K units)
- Germany (124.8K units)
- Taiwan (Chinese) (79.8K units)
- Hong Kong SAR (75.0K units)
- Vietnam (58.4K units)
- Philippines (57.8K units)
- Italy (49.7K units)
- Spain (44.8K units)
- Singapore (41.7K units)
- United States (33.9K units)
- France (31.3K units)
- United Arab Emirates (20.4K units)
This report provides an in-depth analysis of the watch market in Switzerland. 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:
- Switzerland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Switzerland
- 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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