France: Watch Market Overview 2021

Watch Market Size in France

The French watch market was estimated at $X in 2019, approximately reflecting 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). Over the period under review, consumption saw a relatively flat trend pattern.

Watch Exports

Exports from France

In 2020, the amount of watches exported from France soared to X tonnes, jumping by X% on the previous year. In general, total exports indicated a temperate expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, exports reached the maximum in 2020 and are likely to see gradual growth in the immediate term.

In value terms, watch exports totaled $X in 2020. Over the period under review, total exports indicated a tangible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2017 indices. The growth pace was the most rapid in 2012 when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

Spain (X tonnes), Germany (X tonnes) and Switzerland (X tonnes) were the main destinations of watch exports from France, with a combined X% share of total exports. These countries were followed by Italy, Madagascar, the UK, the Netherlands, Hungary, Belgium, Hong Kong SAR, the Czech Republic, Portugal and Saudi Arabia, which together accounted for a further X 2007 to 2020, the biggest increases were in Madagascar (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for watch exported from France were the UK ($X), Switzerland ($X) and Germany ($X), with a combined X% share of total exports. These countries were followed by Italy, Spain, Hong Kong SAR, Portugal, the Netherlands, Belgium, the Czech Republic, Madagascar, Hungary and Saudi Arabia, which together accounted for a further X terms of the main countries of destination, Madagascar (+X% per year) 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

The average watch export price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. In general, the export price, however, recorded a notable increase. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. The export price peaked at $X per tonne in 2016; however, from 2017 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the UK ($X per tonne), while the average price for exports to Madagascar ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Portugal, while the prices for the other major destinations experienced more modest paces of growth.

Watch Imports

Imports into France

In 2020, imports of watches into France skyrocketed to X tonnes, increasing by X% compared with 2019. In general, imports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. from 2012 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, watch imports soared to $X in 2020. Overall, total imports indicated a moderate increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Switzerland (X tonnes) constituted the largest watch supplier to France, accounting for a X% share of total imports. Moreover, watch imports from Switzerland exceeded the figures recorded by the second-largest supplier, Germany (X tonnes), ninefold. China (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume 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).

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 the UK, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Switzerland amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the UK (+X% per year).

Import Prices by Country

The average watch import price stood at $X per tonne in 2020, remaining relatively unchanged against the previous year. In general, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the UK ($X per tonne), while the price for Poland ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest producers of watches in the world?

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Free Zones (108 tonnes) constituted the country with the largest volume of watch production, comprising approx. 100% of total volume.

What are the leading suppliers of watches to France?

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In value terms, Switzerland ($1.4B) constituted the largest supplier of watch to France, comprising 72% of total imports. The second position in the ranking was occupied by Germany ($155M), with a 8.2% share of total imports. It was followed by the UK, with a 4.1% share.

What are the leading importers of watches from France?

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In value terms, the UK ($328M), Switzerland ($182M) and Germany ($174M) were the largest markets for watch exported from France worldwide, with a combined 45% share of total exports. Italy, Spain, Hong Kong SAR, Portugal, the Netherlands, Belgium, the Czech Republic, Madagascar, Hungary and Saudi Arabia lagged somewhat behind, together comprising a further 41%.

What is the average export price for watches in France?

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The average watch export price stood at $178,838 per tonne in 2020, declining by -41.6% against the previous year.

What is the average import price for watches in France?

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The average watch import price stood at $97,498 per tonne in 2020, leveling off at the previous year.