Report Asia - Watch Straps, Bands and Bracelets - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 23, 2023

Asia - Watch Straps, Bands and Bracelets - Market Analysis, Forecast, Size, Trends and Insights
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Asia: Bracelet Market 2023

Bracelet Market Size in Asia

In 2021, the Asian bracelet market increased by 15% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, recorded a perceptible curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Bracelet Production in Asia

In value terms, bracelet production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2015 with an increase of 16%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Bracelet Exports

Exports in Asia

In 2021, overseas shipments of watch straps, bands and bracelets increased by 22% to X tons, rising for the third year in a row after three years of decline. Total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +36.3% against 2018 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 53% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bracelet exports surged to $X in 2021. In general, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 59%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China represented the largest exporting country with an export of around X tons, which amounted to 72% of total exports. It was distantly followed by Hong Kong SAR (X tons), generating a 22% share of total exports. Vietnam (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to bracelet exports from China stood at +9.9%. At the same time, Vietnam (+31.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +31.9% from 2012-2021. By contrast, Hong Kong SAR (-2.9%) illustrated a downward trend over the same period. While the share of China (+28 p.p.) and Vietnam (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hong Kong SAR (-18.2 p.p.) displayed negative dynamics.

In value terms, the largest bracelet supplying countries in Asia were China ($X), Hong Kong SAR ($X) and Vietnam ($X), together comprising 87% of total exports.

China, with a CAGR of +15.2%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, surging by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2013 when the export price increased by 30%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the other leaders experienced mixed trends in the export price figures.

Bracelet Imports

Imports in Asia

In 2021, approx. X tons of watch straps, bands and bracelets were imported in Asia; with an increase of 37% against the year before. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.3% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 41%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, bracelet imports surged to $X in 2021. The total import value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Hong Kong SAR (X tons) and Pakistan (X tons) represented roughly 52% of total imports in 2021. Indonesia (X tons) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (8.9%) and Vietnam (4.6%). The following importers - the Philippines (X tons), the United Arab Emirates (X tons), Japan (X tons), Turkey (X tons), Thailand (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons) - together made up 17% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Pakistan (with a CAGR of +38.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Vietnam ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 51% of total imports. These countries were followed by Japan, Singapore, Thailand, Taiwan (Chinese), the United Arab Emirates, the Philippines, Turkey, Indonesia and Pakistan, which together accounted for a further 33%.

The Philippines, with a CAGR of +50.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, which is down by -1.6% against the previous year. Over the period under review, the import price saw a mild decrease. The most prominent rate of growth was recorded in 2018 an increase of 7.9%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+12.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for watch straps, bands and bracelets in Asia?
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The countries with the highest volumes of consumption in 2021 were China, Pakistan and India, together comprising 55% of total consumption. Indonesia, South Korea, Hong Kong SAR, Japan, Turkey, Bangladesh, the Philippines, Iran and the United Arab Emirates lagged somewhat behind, together accounting for a further 30%.
What are the largest producers of watch straps, bands and bracelets in Asia?
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China remains the largest bracelet producing country in Asia, accounting for 69% of total volume. Moreover, bracelet production in China exceeded the figures recorded by the second-largest producer, India, sixfold. The third position in this ranking was held by Hong Kong SAR, with a 7.3% share.
What are the leading suppliers of watch straps, bands and bracelets in Asia?
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In value terms, the largest bracelet supplying countries in Asia were China, Hong Kong SAR and Vietnam, together accounting for 87% of total exports.
What are the leading importers of watch straps, bands and bracelets in Asia?
+
In value terms, the largest bracelet importing markets in Asia were Hong Kong SAR, Vietnam and South Korea, with a combined 51% share of total imports. Japan, Singapore, Thailand, Taiwan Chinese), the United Arab Emirates, the Philippines, Turkey, Indonesia and Pakistan lagged somewhat behind, together comprising a further 33%.
What is the average export price for watch straps, bands and bracelets in Asia?
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The export price in Asia stood at $63,961 per ton in 2021, growing by 14% against the previous year.
What is the average import price for watch straps, bands and bracelets in Asia?
+
The import price in Asia stood at $88,172 per ton in 2021, shrinking by -1.6% against the previous year.

This report provides an in-depth analysis of the bracelet market in Asia. 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 15121300 - Watch straps, bands, bracelets and parts thereof (including of leather, composition leather or plastic, excluding of precious metal, metal or base metal clad/plated with precious metal)
Country coverage:
• Afghanistan
• Armenia
• Bahrain
• Bhutan
• Brunei Darussalam
• Cambodia
• Cyprus
• Democratic People's Republic of Korea
• Georgia
• Jordan
• Kyrgyzstan
• Lao People's Democratic Republic
• Lebanon
• Macao SAR
• Maldives
• Mongolia
• Nepal
• Palestine
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Timor-Leste
• Turkmenistan
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• 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
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

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 PRODUCT

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 2012–2022
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 2012–2022
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
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Vietnam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
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, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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