Romania: Watch Market Overview 2021

Watch Market Size in Romania

The Romanian watch market totaled $X in 2019, therefore, remained relatively stable 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). Overall, consumption recorded a relatively flat trend pattern.

Watch Exports

Exports from Romania

For the third year in a row, Romania recorded growth in overseas shipments of watches, which increased by X% to X tonnes in 2020. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure in 2020 and are likely to see gradual growth in the immediate term.

In value terms, watch exports rose remarkably to $X in 2020. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2020 and are likely to see gradual growth in years to come.

Exports by Country

Italy (X tonnes), Bulgaria (X tonnes) and Hungary (X tonnes) were the main destinations of watch exports from Romania, together comprising X% of total exports. These countries were followed by France, Poland, Austria, Moldova, Spain, the United Arab Emirates, the Netherlands, Germany and Switzerland, which together accounted for a further X 2007 to 2020, the biggest increases were in the United Arab Emirates (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Bulgaria ($X) appeared to be the largest markets for watch exported from Romania worldwide, together comprising X% of total exports. These countries were followed by Germany, Switzerland, Hungary, Austria, the Netherlands, the United Arab Emirates, Poland, Moldova and Spain, which together accounted for a further X United Arab Emirates (+X% per year) saw the highest rates of growth with regard to the value of exports, among 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 2020, the average watch export price amounted to $X per tonne, reducing by -X% against the previous year. In general, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($X per tonne), while the average price for exports to Poland ($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 the United Arab Emirates, while the prices for the other major destinations experienced more modest paces of growth.

Watch Imports

Imports into Romania

In 2020, supplies from abroad of watches decreased by -X% to X tonnes, falling for the third year in a row after four years of growth. Over the period under review, total imports indicated a mild increase 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, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, watch imports declined sharply to $X in 2020. Overall, imports, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Imports peaked at $X in 2019, and then declined markedly in the following year.

Imports by Country

China (X tonnes), Germany (X tonnes) and Poland (X tonnes) were the main suppliers of watch imports to Romania, together accounting for X% of total imports. These countries were followed by the UK, Italy, Belgium and Spain, which together accounted for a further X 2007 to 2020, the biggest increases were in the UK, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and China ($X) appeared to be the largest watch suppliers to Romania, together comprising X% of total imports. These countries were followed by the UK, Belgium, Poland and Spain, which together accounted for a further X terms of the main suppliers, the UK saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average watch import price amounted to $X per tonne, rising by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. The import price peaked in 2020 and is expected to retain growth in the near future.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, 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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The country with the largest volume of watch production was Free Zones (108 tonnes), comprising approx. 100% of total volume.

What are the leading suppliers of watches to Romania?

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In value terms, Germany ($13M), Italy ($7.6M) and China ($5.9M) appeared to be the largest watch suppliers to Romania, with a combined 44% share of total imports. These countries were followed by the UK, Belgium, Poland and Spain, which together accounted for a further 17%.

What are the leading importers of watches from Romania?

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In value terms, Italy ($3.7M), France ($2.3M) and Bulgaria ($1.8M) were the largest markets for watch exported from Romania worldwide, with a combined 52% share of total exports. These countries were followed by Germany, Switzerland, Hungary, Austria, the Netherlands, the United Arab Emirates, Poland, Moldova and Spain, which together accounted for a further 36%.

What is the average export price for watches in Romania?

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The average watch export price stood at $49,572 per tonne in 2020, falling by -8% against the previous year.

What is the average import price for watches in Romania?

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The average watch import price stood at $35,523 per tonne in 2020, with an increase of 8% against the previous year.