Scandinavia: 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 Scandinavia

The Scandinavia market for wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals skyrocketed to $X in 2021, picking up by 41% against the previous year. Overall, consumption showed a significant increase. The level of consumption peaked in 2021 and is likely to see steady growth in years to come.

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

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 totaled $X in 2021 estimated in export price. In general, production continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 8.3%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat 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 Scandinavia

Exports of wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metals dropped notably to X units in 2021, reducing by -51.1% compared with the year before. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,967% against the previous year. As a result, the exports reached the peak of X units, and then fell notably in the following year.

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 soared to $X in 2021. Overall, exports, however, continue to indicate a modest increase. Over the period under review, the exports of attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Denmark prevails in metals structure, accounting for X units, which was approx. 93% of total exports in 2021. It was distantly followed by Sweden (X units), achieving a 6.6% share of total exports.

Denmark 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 +69.1% from 2012 to 2021. At the same time, Sweden (+18.9%) displayed positive paces of growth. While the share of Denmark (+66 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-38.9 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal supplier in Scandinavia, comprising 60% of total exports. The second position in the ranking was held by Denmark ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Sweden stood at +4.5%.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per unit, surging by 206% against the previous year. Over the period under review, the export price, however, recorded a sharp curtailment. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Sweden ($X per unit), while Denmark stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-12.1%).

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 Scandinavia

For the third consecutive year, Scandinavia recorded growth in 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, which increased by 14% to X units in 2021. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,740% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are likely to continue growth in the immediate term.

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 soared to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark dominates metals structure, accounting for X units, which was approx. 94% of total imports in 2021. The following importers - Sweden (X units) and Iceland (X units) - together made up 5% of total imports.

Denmark 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 imports, with a CAGR of +84.1% from 2012 to 2021. At the same time, Sweden (+27.1%) and Iceland (+9.4%) displayed positive paces of growth. While the share of Denmark (+75 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Sweden (-14.8 p.p.) and Iceland (-39.4 p.p.) displayed negative dynamics.

In value terms, the largest wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Iceland ($X), with a combined 81% share of total imports.

In terms of the main importing countries, Iceland, with a CAGR of +30.4%, recorded the highest growth rate of 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 2021, the import price in Scandinavia amounted to $X per unit, rising by 50% against the previous year. Over the period under review, the import price, however, recorded a sharp descent. The pace of growth appeared the most rapid in 2014 when the import price increased by 65% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iceland (+19.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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