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

Watch Market Size in Croatia

The Croatian watch market skyrocketed to $X in 2021, increasing by 62% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate resilient growth. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Watch Exports

Exports from Croatia

In 2021, the amount of watches exported from Croatia surged to X units, jumping by 271% compared with 2020 figures. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 422%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, watch exports surged to $X in 2021. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 345%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X units) was the main destination for watch exports from Croatia, accounting for a 59% share of total exports. Moreover, watch exports to Germany exceeded the volume sent to the second major destination, Hungary (X units), ninefold. The third position in this ranking was held by Slovenia (X units), with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +157.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+87.9% per year) and Slovenia (+29.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for watch exports from Croatia, comprising 56% of total exports. The second position in the ranking was held by Slovenia ($X), with a 12% share of total exports. It was followed by the United States, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +141.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+37.5% per year) and the United States (+45.0% per year).

Export Prices by Country

The average watch export price stood at $X per unit in 2021, with a decrease of -17.2% against the previous year. Overall, the export price, however, saw a pronounced increase. The growth pace was the most rapid in 2019 an increase of 82% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Slovenia ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+104.1%), while the prices for the other major destinations experienced more modest paces of growth.

Watch Imports

Imports into Croatia

Watch imports into Croatia surged to X units in 2021, growing by 120% against the previous year. Overall, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, watch imports soared to $X in 2021. Over the period under review, imports posted a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by 189%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

Switzerland (X units), Germany (X units) and Hungary (X units) were the main suppliers of watch imports to Croatia, together accounting for 45% of total imports.

From 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +247.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constituted the largest supplier of watch to Croatia, comprising 38% of total imports. The second position in the ranking was held by Slovenia ($X), with a 15% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland totaled +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+110.0% per year) and Germany (+62.3% per year).

Import Prices by Country

In 2021, the average watch import price amounted to $X per unit, declining by -10.8% against the previous year. Over the period under review, the import price, however, posted strong growth. The most prominent rate of growth was recorded in 2014 an increase of 50%. The import price peaked at $X per unit in 2020, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence 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 the world?
+
The countries with the highest volumes of consumption in 2021 were Saudi Arabia, China and the United States, with a combined 46% share of global consumption.
What are the largest producers of watches in the world?
+
The country with the largest volume of watch production was China, accounting for 67% of total volume. Moreover, watch production in China exceeded the figures recorded by the second-largest producer, Japan, fivefold. The third position in this ranking was taken by Hong Kong SAR, with a 6.2% share.
What are the leading suppliers of watches to Croatia?
+
In value terms, Switzerland constituted the largest supplier of watch to Croatia, comprising 38% of total imports. The second position in the ranking was held by Slovenia, with a 15% share of total imports. It was followed by Germany, with a 14% share.
What are the leading importers of watches from Croatia?
+
In value terms, Germany emerged as the key foreign market for watch exports from Croatia, comprising 56% of total exports. The second position in the ranking was held by Slovenia, with a 12% share of total exports. It was followed by the United States, with an 8.3% share.
What is the average export price for watches in Croatia?
+
The average watch export price stood at $72 per unit in 2021, falling by -17.2% against the previous year.
What is the average import price for watches in Croatia?
+
The average watch import price stood at $47 per unit in 2021, which is down by -10.8% against the previous year.

This report provides an in-depth analysis of the watch market in Croatia. 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:
• Croatia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Croatia
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

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

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 In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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