Australia and Oceania: Precious Metal Watch Market 2024

Precious Metal Watch Market Size in Australia and Oceania

The precious metal watch market in Australia and Oceania was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, recorded a pronounced setback. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Precious Metal Watch Production in Australia and Oceania

In value terms, precious metal watch production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Precious Metal Watch Exports

Exports in Australia and Oceania

After three years of growth, shipments abroad of precious metal watches decreased by X% to X units in 2022. In general, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious metal watch exports reduced slightly to $X in 2022. Total exports indicated a buoyant expansion 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 2012 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank modestly in the following year.

Exports by Country

Australia dominates exports structure, resulting at X units, which was near X% of total exports in 2022. It was distantly followed by American Samoa (X units), making up a X% share of total exports. New Zealand (X units) took a little share of total exports.

Exports from Australia decreased at an average annual rate of X% from 2012 to 2022. At the same time, American Samoa (X%) displayed positive paces of growth. Moreover, American Samoa emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Zealand (X%) illustrated a downward trend over the same period. While the share of American Samoa (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest precious metal watch supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by New Zealand ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and American Samoa (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price enjoyed resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 New Zealand ($X per unit), while American Samoa ($X per unit) was amongst the lowest.

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

Precious Metal Watch Imports

Imports in Australia and Oceania

In 2022, purchases abroad of precious metal watches was finally on the rise to reach X units after four years of decline. Over the period under review, imports, however, recorded a abrupt downturn. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, precious metal watch imports soared to $X in 2022. Total imports indicated a prominent expansion 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

The purchases of the three major importers of precious metal watches, namely Australia, New Zealand and Fiji, represented more than two-thirds of total import. American Samoa (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for American Samoa (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Australia ($X) constitutes the largest market for imported precious metal watches in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by American Samoa, with a X% share.

In Australia, precious metal watch imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and American Samoa (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2021, and then dropped in the following year.

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

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

Source: IndexBox Platform

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