Overview of the Global Market for Plastic or Non-Precious Metal Watches

Market Size for Plastic or Non-Precious Metal Watches

The global market for plastic or non-precious metal watches shrank to $X in 2022, dropping by X% against the previous year. Overall, consumption recorded a slight curtailment. Over the period under review, the global market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Plastic or Non-Precious Metal Watches

In value terms, plastic or non-precious metal watch production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, global production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Plastic or Non-Precious Metal Watches

Exports

In 2022, global plastic or non-precious metal watch exports amounted to X units, growing by X% against 2021 figures. Over the period under review, exports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the global exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, plastic or non-precious metal watch exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

China represented the major exporter of plastic or non-precious metal watches in the world, with the volume of exports accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by Hong Kong SAR (X units), achieving an X% share of total exports. The following exporters - Switzerland (X units) and Germany (X units) - each accounted for a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic or non-precious metal watch exports from China stood at X%. At the same time, Germany (X%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Switzerland (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Switzerland ($X) remains the largest plastic or non-precious metal watch supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of global exports. It was followed by China, with a X% share.

In Switzerland, plastic or non-precious metal watch exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average export price for plastic or non-precious metal watches amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2015 an increase of X%. The global export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the other global leaders experienced more modest paces of growth.

Imports of Plastic or Non-Precious Metal Watches

Imports

In 2022, global plastic or non-precious metal watch imports fell to X units, reducing by X% against 2021 figures. In general, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Global imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, plastic or non-precious metal watch imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

The United States represented the key importer of plastic or non-precious metal watches in the world, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X units), creating a X% share of total imports. Germany (X units), the UK (X units), Indonesia (X units), the Netherlands (X units), Japan (X units), France (X units), China (X units), Saudi Arabia (X units), Spain (X units), India (X units) and Mexico (X units) took a relatively small share of total imports.

Imports into the United States decreased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%), China (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, India (X%), Germany (X%), the UK (X%), Spain (X%), Mexico (X%), France (X%), Saudi Arabia (X%), Japan (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.), China (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the United States (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), Hong Kong SAR ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of global imports. France, Japan, Germany, the UK, the Netherlands, Spain, Mexico, India, Indonesia and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for plastic or non-precious metal watches stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price recorded a prominent increase. The pace of growth was the most pronounced in 2020 an increase of X%. Global import price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform