Tanzania - Watches - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWatch Price in Tanzania - 2021
Contents:
- Watch Price in Tanzania (CIF) - 2021
- Watch Price in Tanzania (FOB) - 2022
- Watch Imports in Tanzania
- Watch Exports in Tanzania
Watch Price in Tanzania (CIF) - 2021
In December 2021, the average watch import price amounted to $745 per thousand units, shrinking by -30% against the previous month. Overall, the import price recorded a pronounced contraction. The pace of growth was the most pronounced in June 2021 when the average import price increased by 106% month-to-month. Over the period under review, average import prices reached the peak figure at $2.5 per unit in July 2021; however, from August 2021 to December 2021, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2020 to December 2021, the rate of growth in terms of prices for China amounted to -3.0% per month.
Watch Price in Tanzania (FOB) - 2022
The average watch export price stood at $13 per unit in 2022, reducing by -5.2% against the previous year. In general, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2015 an increase of 106% against the previous year. As a result, the export price attained the peak level of $54 per unit. From 2016 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kenya ($29 per unit), while the average price for exports to Zimbabwe ($1.3 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 Malawi (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.
Watch Imports in Tanzania
In 2022, purchases abroad of watches decreased by -6.5% to 7.7K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 65% against the previous year. Imports peaked at 8.2K units in 2021, and then fell in the following year.
In value terms, watch imports dropped to $1.6M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.6% 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 +75.4% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 45% against the previous year. Over the period under review, imports attained the maximum at $1.8M in 2021, and then declined in the following year.
| Import of Watch in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 617 | 1,101 | 1,492 | 1,245 | 26.4% |
| United Arab Emirates | 25.8 | 12.0 | 22.7 | 36.4 | 12.2% |
| Others | 250 | 183 | 319 | 283 | 4.2% |
| Total | 892 | 1,296 | 1,834 | 1,565 | 20.6% |
Top Suppliers of Watch to Tanzania in 2022:
- China (7.0K units)
- United Arab Emirates (0.2K units)
Watch Exports in Tanzania
In 2022, overseas shipments of watches decreased by -0.2% to 621 units, falling for the second year in a row after two years of growth. In general, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.4% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 97% against the previous year. As a result, the exports attained the peak of 701 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, watch exports fell to $8.4K in 2022. The total export value increased at an average annual rate of +11.9% 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 2020 with an increase of 32%. Over the period under review, the exports attained the peak figure at $8.8K in 2021, and then reduced in the following year.
| Export of Watch in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burundi | 0.7 | 1.8 | 1.8 | 2.7 | 56.8% |
| Switzerland | 1.3 | 2.2 | 2.7 | 2.4 | 22.7% |
| Malawi | 2.9 | 1.1 | 0.6 | 1.3 | -23.5% |
| United Kingdom | 0.2 | 0.5 | 1.4 | 1.0 | 71.0% |
| Zimbabwe | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.8 | 2.2 | 2.2 | 0.8 | 0.0% |
| Total | 6.0 | 7.9 | 8.8 | 8.4 | 11.9% |
Top Export Markets for Watch from Tanzania in 2022:
- Burundi (212.0 units)
- Switzerland (159.0 units)
- Malawi (105.0 units)
- United Kingdom (64.0 units)
- Zimbabwe (49.0 units)
This report provides an in-depth analysis of the watch market in Tanzania. 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:
- Tanzania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Tanzania
- 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
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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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