Europe: Market for Wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal 2022

Market Size for Wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal in Europe

In 2021, the Europe market for wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals increased by 10% to $X, rising for the third year in a row after two years of decline. Overall, consumption saw a prominent increase. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Production of Wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal in Europe

In value terms, production of wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals contracted slightly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 1.2% against the previous year. Over the period under review, production of reached the maximum level at $X in 2020, and then reduced modestly in the following year.

Exports of Wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal

Exports in Europe

In 2021, after two years of growth, there was decline in overseas shipments of wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals, when their volume decreased by -4.8% to X units. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 329% against the previous year. Over the period under review, the exports of reached the maximum at X units in 2020, and then fell modestly in the following year.

In value terms, exports of wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals soared to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Poland (X units), Belgium (X units), Spain (X units), France (X units) and Italy (X units) represented the main exporter of wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals in Europe, comprising 73% of total export. It was distantly followed by Ireland (X units), achieving a 4.5% share of total exports. The Netherlands (X units), Luxembourg (X units), Denmark (X units), Hungary (X units) and the UK (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +126.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal supplying countries in Europe were France ($X), the UK ($X) and Italy ($X), together accounting for 16% of total exports. These countries were followed by the Netherlands, Spain, Belgium, Ireland, Denmark, Poland, Luxembourg and Hungary, which together accounted for a further 3.9%.

In terms of the main exporting countries, Ireland, with a CAGR of +36.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per unit, picking up by 43% against the previous year. Over the period under review, the export price, however, faced a significant curtailment. The most prominent rate of growth was recorded in 2018 an increase of 310%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+21.8%), while the other leaders experienced a decline in the export price figures.

Imports of Wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal

Imports in Europe

In 2021, supplies from abroad of wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals decreased by -0.8% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 292%. As a result, imports reached the peak of X units, leveling off in the following year.

In value terms, imports of wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals surged to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Ireland (X units), distantly followed by France (X units), Luxembourg (X units), Belgium (X units), Poland (X units), Italy (X units), Denmark (X units) and the Netherlands (X units) were the main importers of wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals, together committing 89% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Luxembourg (with a CAGR of +115.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal importing markets in Europe were France ($X), Italy ($X) and the Netherlands ($X), with a combined 29% share of total imports. Ireland, Belgium, Denmark, Luxembourg and Poland lagged somewhat behind, together accounting for a further 4.4%.

Ireland, with a CAGR of +19.2%, saw the highest rates of growth with regard to the value of imports, among 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 Europe amounted to $X per unit, surging by 29% against the previous year. Overall, the import price, however, recorded a deep setback. The growth pace was the most rapid in 2018 when the import price increased by 57%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+6.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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