SADC: Market for Wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal 2022

Market Size for Wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal in SADC

In 2021, after two years of decline, there was significant growth in the SADC market for wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals, when its value increased by 153% to $X. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal in SADC

In value terms, production of wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals shrank slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 3.1%. As a result, production reached the peak level of $X. From 2017 to 2021, production of growth remained at a lower figure.

Exports of Wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal

Exports in SADC

In 2021, approx. X units of wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals were exported in SADC; increasing by 34% compared with the year before. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2019 when exports increased by 121% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, exports of wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals surged to $X in 2021. Overall, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 when exports increased by 99%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

The shipments of the one major exporters of wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals exports, with a CAGR of +8.2% from 2012 to 2021. South Africa (+10 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal supplier in SADC.

In South Africa, exports of wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals expanded at an average annual rate of +21.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per unit, picking up by 5.9% against the previous year. In general, the export price continues to indicate a pronounced increase. The growth pace was the most rapid in 2016 when the export price increased by 199% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to +11.9% per year.

Imports of Wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal

Imports in SADC

In 2021, supplies from abroad of wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals increased by 164% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a noticeable increase. Over the period under review, imports of reached the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals surged to $X in 2021. Overall, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

South Africa represented the major importer of wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals in SADC, with the volume of imports recording X units, which was near 66% of total imports in 2021. It was distantly followed by Seychelles (X units), creating a 22% share of total imports. The following importers - Mauritius (X units), Lesotho (X units), Tanzania (X units) and Angola (X units) - each recorded a 7.8% share of total imports.

South Africa experienced a relatively flat trend pattern with regard to volume of imports of wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals. At the same time, Seychelles (+104.7%), Tanzania (+23.2%) and Lesotho (+2.9%) displayed positive paces of growth. Moreover, Seychelles emerged as the fastest-growing importer imported in SADC, with a CAGR of +104.7% from 2012-2021. By contrast, Mauritius (-7.7%) and Angola (-12.2%) illustrated a downward trend over the same period. While the share of Seychelles (+22 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Mauritius (-3.4 p.p.), Angola (-4.8 p.p.) and South Africa (-11.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals in SADC, comprising 79% of total imports. The second position in the ranking was taken by Seychelles ($X), with an 11% share of total imports. It was followed by Tanzania, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value in South Africa was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Seychelles (+76.9% per year) and Tanzania (+20.2% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per unit, rising by 7.2% against the previous year. Over the period under review, the import price, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2014 an increase of 121%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Tanzania ($X per unit), while Lesotho ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lesotho (+1.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :