Africa: Market for Plastic or Non-Precious Metal Watches 2024

Market Size for Plastic or Non-Precious Metal Watches in Africa

In 2022, the African market for plastic or non-precious metal watches increased by X% to $X, rising for the fourth year in a row after six years of decline. Over the period under review, consumption continues to indicate a noticeable reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Plastic or Non-Precious Metal Watches in Africa

In value terms, plastic or non-precious metal watch production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Plastic or Non-Precious Metal Watches

Exports in Africa

In 2022, approx. X units of plastic or non-precious metal watches were exported in Africa; surging by X% compared with 2021 figures. Total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic or non-precious metal watch exports skyrocketed to $X in 2022. Total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, South Africa (X units) was the major exporter of plastic or non-precious metal watches, generating X% of total exports. It was distantly followed by Angola (X units), Mauritius (X units), Morocco (X units) and Madagascar (X units), together mixing up a X% share of total exports. Tunisia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plastic or non-precious metal watch exports from South Africa stood at X%. At the same time, Angola (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Mauritius (X%), Madagascar (X%) and Tunisia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Angola and South Africa increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest plastic or non-precious metal watch supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Morocco ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

In South Africa, plastic or non-precious metal watch exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible curtailment. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Madagascar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Plastic or Non-Precious Metal Watches

Imports in Africa

In 2022, the amount of plastic or non-precious metal watches imported in Africa dropped slightly to X units, stabilizing at the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic or non-precious metal watch imports amounted to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

South Africa represented the main importer of plastic or non-precious metal watches in Africa, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Morocco (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Tunisia (X%), Libya (X%) and Benin (X%). The following importers - Djibouti (X units), Mauritius (X units), Algeria (X units), Sudan (X units) and Ghana (X units) - together made up X% of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Algeria (X%), Ghana (X%), Benin (X%), Djibouti (X%), Tunisia (X%), Libya (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Sudan and Mauritius experienced a relatively flat trend pattern. While the share of South Africa (X p.p.), Benin (X p.p.), Djibouti (X p.p.), Algeria (X p.p.), Tunisia (X p.p.), Morocco (X p.p.), Ghana (X p.p.) and Libya (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mauritius (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported plastic or non-precious metal watches in Africa, comprising X% of total imports. The second position in the ranking was held by Morocco ($X), with a X% share of total imports. It was followed by Tunisia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Tunisia (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, remaining constant against the previous year. Overall, the import price, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per unit), while Benin (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sudan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform