Report Sweden - Watches - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: May 31, 2022

Sweden - Watches - Market Analysis, Forecast, Size, Trends and Insights
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Sweden: Watch Market 2022

Watch Market Size in Sweden

The Swedish watch market skyrocketed to $X in 2021, picking up by X% against the previous year. Over the period under review, consumption, however, recorded a modest expansion. Watch consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Watch Production in Sweden

In value terms, watch production fell remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a sharp shrinkage. Over the period under review, production reached the maximum level at $X in 2020, and then shrank dramatically in the following year.

Watch Exports

Exports from Sweden

In 2021, overseas shipments of watches decreased by -X% to X units, falling for the fifth consecutive year after three years of growth. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, watch exports rose to $X in 2021. Overall, exports showed a tangible increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Norway (X units), Germany (X units) and the United States (X units) were the main destinations of watch exports from Sweden, with a combined X% share of total exports. Italy, the UK, Poland, Switzerland, Hong Kong SAR, South Africa, Denmark, France, Finland and Canada lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Africa (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Norway ($X) and the United States ($X) were the largest markets for watch exported from Sweden worldwide, with a combined X% share of total exports. These countries were followed by Hong Kong SAR, Germany, France, Switzerland, Denmark, the UK, Poland, Finland, South Africa and Canada, which together accounted for a further X Africa, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of 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

The average watch export price stood at $X per unit in 2021, growing by X% against the previous year. Overall, the export price enjoyed a strong expansion. As a result, the export price reached 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 Hong Kong SAR ($X per unit), while the average price for exports to South Africa ($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 France (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Watch Imports

Imports into Sweden

In 2021, purchases abroad of watches decreased by -X% to X units, falling for the fifth year in a row after three years of growth. In general, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth imports failed to regain momentum.

In value terms, watch imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a pronounced increase from 2012 to 2021: its value decreased at an average annual rate of -X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of watch to Sweden, with a X% share of total imports. Moreover, watch imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. Hong Kong SAR (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Hong Kong SAR (-X% per year).

In value terms, Switzerland ($X) constituted the largest supplier of watch to Sweden, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2021, the average annual growth rate of value from Switzerland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average watch import price stood at $X per unit in 2021, picking up by X% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, watch import price increased by +X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for watches in the world?
+
The country with the largest volume of watch consumption was South Africa, accounting for 65% of total volume. Moreover, watch consumption in South Africa exceeded the figures recorded by the second-largest consumer, the United States, more than tenfold. The third position in this ranking was occupied by China, with a 5% share.
What are the largest producers of watches in the world?
+
South Africa remains the largest watch producing country worldwide, accounting for 94% of total volume. Moreover, watch production in South Africa exceeded the figures recorded by the second-largest producer, China, more than tenfold.
What are the leading suppliers of watches to Sweden?
+
In value terms, Switzerland constituted the largest supplier of watch to Sweden, comprising 43% of total imports. The second position in the ranking was occupied by China, with a 19% share of total imports. It was followed by Germany, with an 8.3% share.
What are the leading importers of watches from Sweden?
+
In value terms, the largest markets for watch exported from Sweden were Italy, Norway and the United States, with a combined 36% share of total exports. These countries were followed by Hong Kong SAR, Germany, France, Switzerland, Denmark, the UK, Poland, Finland, South Africa and Canada, which together accounted for a further 51%.
What is the average export price for watches in Sweden?
+
The average watch export price stood at $159 per unit in 2021, growing by 46% against the previous year.
What is the average import price for watches in Sweden?
+
In 2021, the average watch import price amounted to $85 per unit, with an increase of 41% against the previous year.

This report provides an in-depth analysis of the watch market in Sweden. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 26521100 - Wrist-watches, pocket-watches, with case of precious metal or of metal clad with precious metal
• Prodcom 26521200 - Other wrist-watches, pocket-watches and other watches, i ncluding stop-watches
Country coverage:
• Sweden

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Sweden
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption In 2007–2021
Table 5:
Imports, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Value Terms, By Country, 2007–2021
Table 7:
Import Prices, By Country Of Origin, 2007–2021
Table 8:
Exports, In Physical Terms, By Country, 2007–2021
Table 9:
Exports, In Value Terms, By Country, 2007–2021
Table 10:
Export Prices, By Country Of Destination, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2021
Figure 5:
Trade Balance, In Physical Terms, 2007–2021
Figure 6:
Trade Balance, In Value Terms, 2007–2021
Figure 7:
Per Capita Consumption, 2007–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2021
Figure 21:
Production, In Value Terms, 2007–2021
Figure 22:
Imports, In Physical Terms, 2007–2021
Figure 23:
Imports, In Value Terms, 2007–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2007–2021
Figure 26:
Imports, In Value Terms, By Country, 2007–2021
Figure 27:
Import Prices, By Country Of Origin, 2007–2021
Figure 28:
Exports, In Physical Terms, 2007–2021
Figure 29:
Exports, In Value Terms, 2007–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2007–2021
Figure 32:
Exports, In Value Terms, By Country, 2007–2021
Figure 33:
Export Prices, By Country Of Destination, 2007–2021
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