Germany: Watch Market 2022

Watch Market Size in Germany

In 2021, the German watch market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, saw a noticeable setback. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Watch Production in Germany

In value terms, watch production surged to $X in 2021 estimated in export price. In general, production, however, showed a pronounced slump. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Watch Exports

Exports from Germany

In 2021, overseas shipments of watches decreased by -X% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, watch exports skyrocketed to $X in 2021. Overall, exports saw a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X units), France (X units) and Italy (X units) were the main destinations of watch exports from Germany, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, France ($X), Switzerland ($X) and Italy ($X) were the largest markets for watch exported from Germany worldwide, together comprising X% of total exports. Poland, Spain, the Netherlands, Austria, the UK, Belgium, the Czech Republic, Denmark, Romania and Turkey lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw 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

In 2021, the average watch export price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($X per unit), while the average price for exports to Poland ($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 Spain (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Watch Imports

Imports into Germany

In 2021, watch imports into Germany dropped to X units, shrinking by -X% against the previous year. In general, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth imports failed to regain momentum.

In value terms, watch imports surged to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

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

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

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

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

Import Prices by Country

The average watch import price stood at $X per unit in 2021, jumping by X% against the previous year. In general, the import price recorded a prominent increase. The pace of growth was the most pronounced in 2020 an increase of X%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($X per unit), while the price for Taiwan (Chinese) ($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 more modest paces of growth.

Source: IndexBox Platform