Northern America: Bracelet Market 2023

Bracelet Market Size in Northern America

For the third year in a row, the North American bracelet market recorded growth in sales value, which increased by 21% to $X in 2021. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +39.8% against 2017 indices. The level of consumption peaked in 2021 and is likely to continue growth in years to come.

Bracelet Production in Northern America

In value terms, bracelet production reduced sharply to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 960% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Bracelet Exports

Exports in Northern America

After two years of growth, shipments abroad of watch straps, bands and bracelets decreased by -6.5% to X tons in 2021. In general, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 50% against the previous year. The volume of export peaked at X tons in 2020, and then declined in the following year.

In value terms, bracelet exports declined to $X in 2021. Over the period under review, exports, however, recorded a strong increase. The growth pace was the most rapid in 2016 with an increase of 56%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States prevails in exports structure, reaching X tons, which was approx. 94% of total exports in 2021. It was distantly followed by Canada (X kg), comprising a 5.9% share of total exports.

The United States was also the fastest-growing in terms of the watch straps, bands and bracelets exports, with a CAGR of +11.9% from 2012 to 2021. Canada (-1.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +11 percentage points.

In value terms, the United States ($X) remains the largest bracelet supplier in Northern America, comprising 94% of total exports. The second position in the ranking was held by Canada ($X), with a 6.3% share of total exports.

In the United States, bracelet exports increased at an average annual rate of +6.8% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per kg in 2021, which is down by -7.9% against the previous year. In general, the export price saw a pronounced decrease. The most prominent rate of growth was recorded in 2014 when the export price increased by 46% against the previous year. As a result, the export price reached the peak level of $X per kg. From 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per kg), while the United States amounted to $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-4.6%).

Bracelet Imports

Imports in Northern America

Bracelet imports reached X tons in 2021, surging by 12% against 2020 figures. In general, imports recorded resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 92%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, bracelet imports skyrocketed to $X in 2021. Overall, imports showed resilient growth. The growth pace was the most rapid in 2016 when imports increased by 83%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

The United States dominates imports structure, amounting to X tons, which was approx. 91% of total imports in 2021. It was distantly followed by Canada (X tons), generating a 9.3% share of total imports.

The United States was also the fastest-growing in terms of the watch straps, bands and bracelets imports, with a CAGR of +10.2% from 2012 to 2021. At the same time, Canada (+9.3%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported watch straps, bands and bracelets in Northern America, comprising 96% of total imports. The second position in the ranking was taken by Canada ($X), with a 3.9% share of total imports.

In the United States, bracelet imports expanded at an average annual rate of +18.6% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, rising by 33% against the previous year. Import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bracelet import price increased by +76.3% against 2017 indices. The growth pace was the most rapid in 2020 an increase of 42% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.5%).

Source: IndexBox Market Intelligence Platform

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