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Asia-Pacific - Watches - Market Analysis, Forecast, Size, Trends and Insights
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Asia-Pacific: Watch Market Overview 2020

Watch Market Size in Asia-Pacific

In 2019, the Asia-Pacific watch market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Watch Production in Asia-Pacific

In value terms, watch production rose notably to $X in 2019 estimated in export prices. Overall, production, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. The level of production peaked in 2019 and is likely to see steady growth in years to come.

Production By Country in Asia-Pacific

The countries with the highest volumes of watch production in 2019 were China (X units), Japan (X units) and China, Hong Kong SAR (X units), together accounting for X% of total production. India lagged somewhat behind, comprising a further X 2007 to 2019, the most notable rate of growth in terms of watch production, amongst the leading producing countries, was attained by India, while watch production for the other leaders experienced a decline in the production figures.

Watch Exports

Exports in Asia-Pacific

For the fifth consecutive year, Asia-Pacific recorded decline in shipments abroad of watches, which decreased by -X% to X units in 2019. Over the period under review, exports saw a deep setback. The pace of growth appeared the most rapid in 2008 when exports increased by X% year-to-year. The volume of export peaked at X units in 2010; however, from 2011 to 2019, exports remained at a lower figure.

In value terms, watch exports amounted to $X in 2019. Total exports indicated a buoyant increase from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2017 indices. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2014; however, from 2015 to 2019, exports remained at a lower figure.

Exports by Country

China, Hong Kong SAR prevails in watch exports structure, amounting to X units, which was near X% of total exports in 2019. It was distantly followed by China (X units), achieving a X% share of total exports. The following exporters - the Philippines (X units) and Singapore (X units) - together made up X% of total exports.

China, Hong Kong SAR was also the fastest-growing in terms of the watches exports, with a CAGR of +X% from 2007 to 2019. At the same time, the Philippines (+X%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, China (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of China, Hong Kong SAR increased by +X% percentage points, while China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China, Hong Kong SAR ($X) remains the largest watch supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

In China, Hong Kong SAR, watch exports expanded at an average annual rate of +X% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: China (+X% per year) and Singapore (+X% per year).

Export Prices by Country

In 2019, the watch export price in Asia-Pacific amounted to $X per unit, with an increase of X% against the previous year. In general, the export price saw significant growth. The most prominent rate of growth was recorded in 2017 when the export price increased by X% year-to-year. Over the period under review, export prices attained the maximum in 2019 and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Singapore ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Watch Imports

Imports in Asia-Pacific

Watch imports contracted to X units in 2019, shrinking by -X% against the year before. Over the period under review, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, watch imports dropped slightly to $X in 2019. Total imports indicated a strong expansion from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

China, Hong Kong SAR was the main importing country with an import of around X units, which amounted to X% of total imports. India (X units) ranks second in terms of the total imports with a X% share, followed by Japan (X%). Singapore (X units), China (X units), South Korea (X units) and the Philippines (X units) held a minor share of total imports.

From 2007 to 2019, average annual rates of growth with regard to watch imports into China, Hong Kong SAR stood at -X%. At the same time, India (+X%) and the Philippines (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +X% from 2007-2019. China experienced a relatively flat trend pattern. By contrast, Singapore (-X%), South Korea (-X%) and Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2019, the share of India increased by +X% percentage points, while Japan (-X p.p.) and China, Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China, Hong Kong SAR ($X) constitutes the largest market for imported watches in Asia-Pacific, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.

In China, Hong Kong SAR, watch imports expanded at an average annual rate of +X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and China (+X% per year).

Import Prices by Country

In 2019, the watch import price in Asia-Pacific amounted to $X per unit, increasing by X% against the previous year. Overall, the import price continues to indicate a strong expansion. The growth pace was the most rapid in 2008 when the import price increased by X% year-to-year. The level of import peaked in 2019 and is likely to continue growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per unit), while India ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for watches in Asia-Pacific?
+
The countries with the highest volumes of watch consumption in 2019 were China (168M units), Japan (148M units) and India (102M units), together accounting for 92% of total consumption.
What are the largest producers of watches in Asia-Pacific?
+
The countries with the highest volumes of watch production in 2019 were China (178M units), Japan (121M units) and China, Hong Kong SAR (41M units), with a combined 89% share of total production. India lagged somewhat behind, accounting for a further 9.6%.
What are the leading suppliers of watches in Asia-Pacific?
+
In value terms, China, Hong Kong SAR ($5.7B) remains the largest watch supplier in Asia-Pacific, comprising 52% of total exports. The second position in the ranking was occupied by China ($2.4B), with a 22% share of total exports. It was followed by Singapore, with a 13% share.
What are the leading importers of watches in Asia-Pacific?
+
In value terms, China, Hong Kong SAR ($6.2B) constitutes the largest market for imported watches in Asia-Pacific, comprising 35% of total imports. The second position in the ranking was occupied by Japan ($2.7B), with a 15% share of total imports. It was followed by China, with a 14% share.
What is the average export price for watches in Asia-Pacific?
+
In 2019, the watch export price in Asia-Pacific amounted to $46 per unit, surging by 6.7% against the previous year.
What is the average import price for watches in Asia-Pacific?
+
In 2019, the watch import price in Asia-Pacific amounted to $58 per unit, increasing by 10% against the previous year.

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

This report provides an in-depth analysis of the watch market in Asia-Pacific. 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 2025.


Country coverage:
• Afghanistan
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China, Hong Kong SAR
• China, Macao SAR
• Cook Islands
• Fiji
• French Polynesia
• Kiribati
• Maldives
• Marshall Islands
• Micronesia (Federated States of)
• Myanmar
• Nepal
• New Caledonia
• New Zealand
• Northern Mariana Islands
• Palau
• Papua New Guinea
• Samoa
• Solomon Islands
• Sri Lanka
• Taiwan, Chinese
• Timor-Leste
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Wallis and Futuna Islands
• Lao People's Democratic Republic
• American Samoa
• Democratic People's Republic of Korea
• Nauru
• Niue
• Guam

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia-Pacific, split by region and country
• Trade (exports and imports) in Asia-Pacific
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Australia
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• China, Hong Kong SAR
• China, Macao SAR
• Cook Islands
• Fiji
• French Polynesia
• India
• Indonesia
• Japan
• Kiribati
• Malaysia
• Maldives
• Marshall Islands
• Micronesia (Federated States of)
• Myanmar
• Nepal
• New Caledonia
• New Zealand
• Northern Mariana Islands
• Pakistan
• Palau
• Papua New Guinea
• Philippines
• Samoa
• Singapore
• Solomon Islands
• South Korea
• Sri Lanka
• Taiwan, Chinese
• Thailand
• Timor-Leste
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Viet Nam
• Wallis and Futuna Islands
• Lao People's Democratic Republic
• American Samoa
• Democratic People's Republic of Korea
• Nauru
• Niue
• Guam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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