Global Precious Metal Watch Market 2024

Precious Metal Watch Market Size

The global precious metal watch market fell to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, recorded a deep reduction. Global consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Precious Metal Watch Production

In value terms, precious metal watch production reached $X in 2022 estimated in export price. In general, production showed a deep reduction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, global production growth failed to regain momentum.

Precious Metal Watch Exports

Exports

Global precious metal watch exports reduced to X units in 2022, waning by X% against the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the global exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, precious metal watch exports expanded sharply to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, China (X units) and the United States (X units) were the main exporters of precious metal watchesacross the globe, together recording near X% of total exports. Singapore (X units) ranks next in terms of the total exports with a X% share, followed by Switzerland (X%), Malaysia (X%), the Netherlands (X%), Hong Kong SAR (X%) and Ireland (X%). The UK (X units), Spain (X units), the United Arab Emirates (X units), Denmark (X units) and Belgium (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

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

In Switzerland, precious metal watch exports remained relatively stable 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 Singapore (X% per year).

Export Prices by Country

In 2022, the average precious metal watch export price amounted to $X per unit, surging by X% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, precious metal watch export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The global export price peaked at $X per unit in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 the United Arab Emirates (X%), while the other global leaders experienced more modest paces of growth.

Precious Metal Watch Imports

Imports

In 2022, overseas purchases of precious metal watches increased by X% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, saw a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, precious metal watch imports reached $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

India represented the key importing country with an import of about X units, which amounted to X% of total imports. Saudi Arabia (X units) held the second position in the ranking, followed by Pakistan (X units), the United States (X units), the Netherlands (X units) and Belgium (X units). All these countries together took near X% share of total imports. Malaysia (X units), France (X units), Singapore (X units), Thailand (X units), Mexico (X units), the UK (X units) and Canada (X units) held a little share of total imports.

Imports into India increased at an average annual rate of X% from 2012 to 2022. At the same time, Pakistan (X%), Canada (X%), Belgium (X%), the Netherlands (X%), Saudi Arabia (X%) and France (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%), the United States (X%), Singapore (X%), the UK (X%), Mexico (X%) and Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India, Pakistan, Belgium, the Netherlands, Saudi Arabia, France and Canada increased by X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest precious metal watch importing markets worldwide were the United States ($X), Singapore ($X) and France ($X), with a combined X% share of global imports. The UK, Saudi Arabia, the Netherlands, Malaysia, Thailand, Canada, India, Belgium, Mexico and Pakistan lagged somewhat behind, together accounting for a further X%.

Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average precious metal watch import price amounted to $X per unit, waning by X% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Global import price peaked at $X per unit in 2021, and then fell in the following year.

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 Singapore ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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