Romania: Watch Market 2022

Watch Market Size in Romania

The Romanian watch market soared to $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). In general, consumption enjoyed a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Watch Exports

Exports from Romania

In 2021, overseas shipments of watches decreased by -X% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then shrank markedly in the following year.

In value terms, watch exports soared to $X in 2021. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Bulgaria (X units), Hungary (X units) and the Netherlands (X units) were the main destinations of watch exports from Romania, with a combined X% share of total exports. These countries were followed by Italy, France, Saudi Arabia, Austria, Spain, the Czech Republic, Moldova, Germany, Switzerland and Poland, which together accounted for a further X 2012 to 2021, the biggest increases were in Saudi Arabia (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Bulgaria ($X) and Switzerland ($X) constituted the largest markets for watch exported from Romania worldwide, together comprising X% of total exports. Austria, Germany, the Netherlands, France, Hungary, Saudi Arabia, the Czech Republic, Poland, Spain and Moldova lagged somewhat behind, together accounting for a further X the main countries of destination, Austria, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average watch export price stood at $X per unit in 2021, picking up by X% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2021: its price 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. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Watch Imports

Imports into Romania

In 2021, overseas purchases of watches were finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. The total import volume 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. Imports peaked at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, watch imports soared to $X in 2021. Overall, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Austria (X units) were the main suppliers of watch imports to Romania, with a combined X% share of total imports. These countries were followed by Poland, Belgium, Lithuania, Switzerland, France, Italy, the Netherlands, Bulgaria, Spain and Hungary, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest watch suppliers to Romania were Germany ($X), Switzerland ($X) and France ($X), with a combined X% share of total imports. Austria, Italy, China, Belgium, the Netherlands, Poland, Lithuania, Spain, Bulgaria and Hungary lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average watch import price stood at $X per unit in 2021, rising by X% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in years to come.

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