Poland: Watch Market 2022

Watch Market Size in Poland

The Polish watch market stood at $X in 2021, growing by X% against 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). The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Watch Exports

Exports from Poland

In 2021, overseas shipments of watches increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, watch exports skyrocketed to $X in 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+X% per year) and Italy (+X% per year).

In value terms, Germany ($X) remains the key foreign market for watch exports from Poland, comprising X% of total exports. The second position in the ranking was occupied by Switzerland ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+X% per year) and Austria (+X% per year).

Export Prices by Country

The average watch export price stood at $X per unit in 2021, picking up by X% against the previous year. Over the period under review, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Austria ($X per unit), while the average price for exports to Greece ($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 Poland

In 2021, supplies from abroad of watches decreased by -X% to X units, falling for the fourth year in a row after six years of growth. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, watch imports stood at $X in 2021. In general, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Spain (X units) were the main suppliers of watch imports to Poland, together accounting for X% of total imports.

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

In value terms, Germany ($X) constituted the largest supplier of watch to Poland, comprising X% of total imports. The second position in the ranking was occupied by the Czech Republic ($X), with an 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 Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+X% per year) and China (-X% per year).

Import Prices by Country

In 2021, the average watch import price amounted to $X per unit, rising by X% against the previous year. In general, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, watch import price increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($X per unit), while the price for China ($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