Qatar: Watch Market 2024

Watch Market Size in Qatar

The Qatari watch market soared to $X in 2022, increasing by X% against the previous year. Overall, consumption posted resilient growth. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Watch Production in Qatar

In value terms, watch production expanded sharply to $X in 2022 estimated in export price. Overall, production showed a prominent increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Watch Exports

Exports from Qatar

Watch exports from Qatar skyrocketed to X units in 2022, increasing by X% compared with the previous year's figure. Overall, exports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, watch exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for watch exports from Qatar, with a X% share of total exports. Moreover, watch exports to the United Arab Emirates exceeded the volume sent to the second major destination, Germany (X units), threefold. Switzerland (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Switzerland (X% per year).

In value terms, Switzerland ($X) remains the key foreign market for watches exports from Qatar, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average watch export price amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price, however, saw a significant increase. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Watch Imports

Imports into Qatar

In 2022, the amount of watches imported into Qatar skyrocketed to X units, growing by X% against 2021 figures. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, watch imports declined remarkably to $X in 2022. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of watch to Qatar, with a X% share of total imports. Moreover, watch imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X units), sixfold. The third position in this ranking was held by India (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and India (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Switzerland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average watch import price amounted to $X per unit, waning by X% against the previous year. In general, the import price recorded a deep reduction. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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