Report Central Asia - Watches - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Central Asia - Watches - Market Analysis, Forecast, Size, Trends and Insights
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Central Asia: Watch Market 2022

Watch Market Size in Central Asia

The Central Asian watch market amounted to $X in 2021, almost unchanged from the previous year. The total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Watch Production in Central Asia

In value terms, watch production amounted to $X in 2021 estimated in export price. In general, production enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Watch Exports

Exports in Central Asia

In 2021, watch exports in Central Asia soared to X units, picking up by X% against the previous year's figure. Over the period under review, exports, however, recorded a abrupt slump. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, watch exports reached $X in 2021. Overall, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Kyrgyzstan (X units) and Kazakhstan (X units) prevails in exports structure, together generating X% of total exports. Tajikistan (X units) and Turkmenistan (X units) held a minor share of total exports.

From 2012 to 2021, the biggest increases were in Kyrgyzstan (with a CAGR of +X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Kazakhstan ($X) remains the largest watch supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total exports. It was followed by Turkmenistan, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan totaled -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Kyrgyzstan (+X% per year) and Turkmenistan (-X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2021, dropping by -X% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Turkmenistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

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

Watch Imports

Imports in Central Asia

In 2021, purchases abroad of watches was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, watch imports contracted to $X in 2021. Over the period under review, imports, however, showed a mild descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Kazakhstan represented the key importing country with an import of around X units, which amounted to X% of total imports. Mongolia (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kyrgyzstan (X%) and Uzbekistan (X%). Tajikistan (X units) followed a long way behind the leaders.

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

In value terms, Kazakhstan ($X) constitutes the largest market for imported watches in Central Asia, comprising X% of total imports. The second position in the ranking was held by Mongolia ($X), with a X% share of total imports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (+X% per year) and Kyrgyzstan (+X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2021, which is down by -X% against the previous year. Over the period under review, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for watches in Central Asia?
+
The countries with the highest volumes of in 2021 were Turkmenistan, Kazakhstan and Mongolia, with a combined 77% share of total consumption.
What are the largest producers of watches in Central Asia?
+
Turkmenistan constituted the country with the largest volume of watch production, comprising approx. 100% of total volume.
What are the leading suppliers of watches in Central Asia?
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In value terms, Kazakhstan remains the largest watch supplier in Central Asia, comprising 56% of total exports. The second position in the ranking was held by Kyrgyzstan, with a 22% share of total exports. It was followed by Turkmenistan, with a 13% share.
What are the leading importers of watches in Central Asia?
+
In value terms, Kazakhstan constitutes the largest market for imported watches in Central Asia, comprising 71% of total imports. The second position in the ranking was held by Mongolia, with a 20% share of total imports. It was followed by Kyrgyzstan, with a 2.7% share.
What is the average export price for watches in Central Asia?
+
In 2021, the export price in Central Asia amounted to $18 per unit, declining by -41.4% against the previous year.
What is the average import price for watches in Central Asia?
+
The import price in Central Asia stood at $21 per unit in 2021, declining by -14% against the previous year.

This report provides an in-depth analysis of the watch market in Central 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 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:
• Kyrgyzstan
• Mongolia
• Tajikistan
• Turkmenistan

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Central Asia, split by region and country
• Trade (exports and imports) in Central 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
GLOSSARY AND SPECIFIC TERMS
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 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 2012–2021
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 2012–2021
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

• Kazakhstan
• Kyrgyzstan
• Mongolia
• Tajikistan
• Turkmenistan
• Uzbekistan
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
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, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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