Slovenia: Watch Market 2020

Watch Market Size in Slovenia

The revenue of the watch market in Slovenia amounted to $X in 2018, picking up 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). Overall, watch consumption, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. In that year, the watch market reached its peak level of $X. From 2009 to 2018, the growth of the watch market failed to regain its momentum.

Watch Exports

Exports from Slovenia

In 2018, the exports of watches from Slovenia stood at X units, surging by X% against the previous year. In general, watch exports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Slovenia exports peaked at X units in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, watch exports totaled $X in 2018. Overall, watch exports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. Slovenia exports peaked at $X in 2016; however, from 2017 to 2018, exports remained at a lower figure.

Exports by Country

China, Hong Kong SAR dominates watch exports structure, amounting to X units, which was approx. X% of total exports in 2018. Switzerland (X units) ranks second in terms of the total exports with a X% share, followed by Germany (X%). China (X units), the U.S. (X units), Singapore (X units), Thailand (X units), the UK (X units) and the Netherlands (X units) occupied a minor share of total exports.

From 2007 to 2018, average annual rates of growth with regard to watch exports from China, Hong Kong SAR stood at +X%. At the same time, the UK (+X%), the Netherlands (+X%), Germany (+X%), the U.S. (+X%) and Singapore (+X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Switzerland experienced a relatively flat trend pattern. By contrast, Thailand (-X%) and China (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Hong Kong SAR and Germany increased by +X% and +X% percentage points, while Thailand (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Switzerland ($X) remains the largest watch supplier from Slovenia, comprising X% of global exports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of global exports. It was followed by China, with a X% share.

In Switzerland, watch exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: China, Hong Kong SAR (+X% per year) and China (+X% per year).

Export Prices by Country

In 2018, the watch export price in Slovenia amounted to $X per unit, going down by -X% against the previous year. Overall, the watch export price, however, continues to indicate conspicuous growth. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. Slovenia export price peaked at $X per unit in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Switzerland ($X per unit), while China, Hong Kong SAR ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Watch Imports

Imports into Slovenia

In 2018, the watch imports into Slovenia totaled X units, growing by X% against the previous year. In general, the total imports indicated a strong increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, watch imports increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. In that year, watch imports attained their peak of X units. From 2009 to 2018, the growth of watch imports failed to regain its momentum.

In value terms, watch imports amounted to $X in 2018. In general, watch imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, watch imports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

In 2018, China, Hong Kong SAR (X units) was the main importer of watches, creating X% of total imports. The U.S. (X units) took the second position in the ranking, followed by India (X units), Germany (X units) and Japan (X units). All these countries together took approx. X% share of total imports. The UK (X units), Colombia (X units), the Netherlands (X units), Mexico (X units), Italy (X units) and France (X units) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to watch imports into China, Hong Kong SAR stood at -X%. At the same time, India (+X%), Colombia (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Germany (-X%), Japan (-X%), the UK (-X%), Mexico (-X%), Italy (-X%), France (-X%) and the U.S. (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.) and Colombia (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of Mexico (-X p.p.), Italy (-X p.p.), Germany (-X p.p.), the UK (-X p.p.), France (-X p.p.), China, Hong Kong SAR (-X p.p.) and the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China, Hong Kong SAR ($X), the U.S. ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Japan, Germany, the UK, Italy, the Netherlands, India, Mexico, Colombia and Slovenia, which together accounted for a further X experienced the highest rates of growth with regard to imports, among the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The watch import price in Slovenia stood at $X per unit in 2018, going up by X% against the previous year. Over the period under review, the import price indicated a strong expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when the import price increased by X% year-to-year. Slovenia import price peaked in 2018 and is expected to retain its growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform