France: Watch Market 2022

Watch Market Size in France

In 2021, the French watch market increased by X% to $X, rising for the third year in a row after three years of decline. Overall, consumption continues to indicate a slight downturn. Watch consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Watch Production in France

In value terms, watch production expanded markedly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt curtailment. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Watch Exports

Exports from France

Watch exports from France soared to X units in 2021, jumping by X% against the previous year. In general, exports posted buoyant growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, watch exports soared to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for watch exports from France, with a X% share of total exports. Moreover, watch exports to Germany exceeded the volume sent to the second major destination, the UK (X units), twofold. The third position in this ranking was occupied by Belgium (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Belgium (+X% per year).

In value terms, the UK ($X), Switzerland ($X) and Italy ($X) appeared to be the largest markets for watch exported from France worldwide, together comprising X% of total exports. These countries were followed by Germany, Spain, Portugal, Hong Kong SAR, the Netherlands, Belgium and Poland, which together accounted for a further X, with a CAGR of +X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average watch export price stood at $X per unit in 2021, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible setback. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($X per unit), while the average price for exports to Poland ($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 Portugal (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Watch Imports

Imports into France

In 2021, imports of watches into France surged to X units, increasing by X% compared with the previous year's figure. In general, imports recorded a temperate expansion. 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 continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of watch to France, with a X% share of total imports. Moreover, watch imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. The third position in this ranking was occupied by Germany (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Germany (+X% per year).

In value terms, Switzerland ($X) constituted the largest supplier of watch to France, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average watch import price stood at $X per unit in 2021, waning by -X% against the previous year. In general, the import price saw a noticeable downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform