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

Watch Market Size in Eastern Asia

In 2021, after two years of decline, there was significant growth in the East Asian watch market, when its value increased by X% to $X. Over the period under review, consumption showed a mild decrease. The most prominent rate of growth was recorded in 2016 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 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Watch Production in Eastern Asia

In value terms, watch production contracted to $X in 2021 estimated in export price. Over the period under review, production recorded a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020, and then fell modestly in the following year.

Watch Exports

Exports in Eastern Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of watches, when their volume increased by X% to X units. Overall, exports, however, continue to indicate a deep setback. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, watch exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, China (X units) was the largest exporter of watches, making up X% of total exports. It was distantly followed by Hong Kong SAR (X units), making up a X% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Hong Kong SAR (with a CAGR of -X value terms, Hong Kong SAR ($X) remains the largest watch supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Hong Kong SAR totaled -X%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, waning by -X% against the previous year. In general, the export price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Hong Kong SAR ($X per unit), while China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).

Watch Imports

Imports in Eastern Asia

In 2021, after four years of growth, there was significant decline in purchases abroad of watches, when their volume decreased by -X% to X units. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X units in 2020, and then fell remarkably in the following year.

In value terms, watch imports surged to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, South Korea (X units) represented the main importer of watches, constituting X% of total imports. It was distantly followed by Hong Kong SAR (X units) and China (X units), together generating a X% share of total imports. Japan (X units) held a relatively small share of total imports.

South Korea was also the fastest-growing in terms of the watches imports, with a CAGR of +X% from 2012 to 2021. China (-X%), Hong Kong SAR (-X%) and Japan (-X%) illustrated a downward trend over the same period. South Korea (+X p.p.) significantly strengthened its position in terms of the total imports, while Japan and Hong Kong SAR saw its share reduced by -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2021, together comprising X% of total imports. South Korea lagged somewhat behind, accounting for a further X Korea, with a CAGR of +X%, recorded 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

In 2021, the import price in Eastern Asia amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price showed a noticeable increase. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($X per unit), while South Korea ($X per unit) was amongst the lowest.

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

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 Eastern Asia?
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The country with the largest volume of watch consumption was South Korea, accounting for 72% of total volume. Moreover, watch consumption in South Korea exceeded the figures recorded by the second-largest consumer, Japan, fourfold.
What are the largest producers of watches in Eastern Asia?
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The country with the largest volume of watch production was China, accounting for 71% of total volume. Moreover, watch production in China exceeded the figures recorded by the second-largest producer, Japan, threefold.
What are the leading suppliers of watches in Eastern Asia?
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In value terms, Hong Kong SAR remains the largest watch supplier in Eastern Asia, comprising 67% of total exports. The second position in the ranking was taken by China, with a 25% share of total exports.
What are the leading importers of watches in Eastern Asia?
+
In value terms, the largest watch importing markets in Eastern Asia were Hong Kong SAR, China and Japan, together comprising 82% of total imports. These countries were followed by South Korea, which accounted for a further 5.5%.
What is the average export price for watches in Eastern Asia?
+
The export price in Eastern Asia stood at $20 per unit in 2021, dropping by -35.3% against the previous year.
What is the average import price for watches in Eastern Asia?
+
The import price in Eastern Asia stood at $17 per unit in 2021, growing by 90% against the previous year.

This report provides an in-depth analysis of the watch market in Eastern 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:
• Democratic People's Republic of Korea
• Macao SAR
• Taiwan (Chinese)

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

• China
• Hong Kong SAR
• Macao SAR
• Japan
• South Korea
• Taiwan (Chinese)
• Democratic People's Republic of Korea
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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