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World - Watches - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Global Watch Market Overview 2020

Watch Market Size

In 2019, the global watch market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the market value increased by X% against the previous year. Over the period under review, the global market attained the peak level at $X in 2014; however, from 2015 to 2019, consumption stood at a somewhat lower figure.

Watch Production

In value terms, watch production rose rapidly to $X in 2019 estimated in export prices. Over the period under review, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Global production peaked in 2019 and is likely to continue growth in years to come.

Production By Country

The countries with the highest volumes of watch production in 2019 were China (X units), Japan (X units) and China, Hong Kong SAR (X units), together comprising X% of global production. Switzerland, India and Brazil lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in India, while watch production for the other global leaders experienced more modest paces of growth.

Watch Exports

Exports

For the fifth consecutive year, the global market recorded decline in shipments abroad of watches, which decreased by -X% to X units in 2019. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Over the period under review, global exports reached the peak figure at X units in 2010; however, from 2011 to 2019, exports remained at a lower figure.

In value terms, watch exports amounted to $X in 2019. In general, total exports indicated a prominent increase from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, global exports reached the maximum at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

China, Hong Kong SAR dominates watch exports structure, reaching X units, which was near X% of total exports in 2019. Switzerland (X units) ranks second in terms of the total exports with a X% share, followed by Germany (X%) and China (X%). The U.S. (X units), Belgium (X units), the Philippines (X units), France (X units), the Netherlands (X units) and Singapore (X units) held a minor share of total exports.

Exports from China, Hong Kong SAR increased at an average annual rate of +X% from 2007 to 2019. At the same time, Belgium (+X%), the Netherlands (+X%), Germany (+X%), the Philippines (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. Singapore and France experienced a relatively flat trend pattern. By contrast, Switzerland (-X%) and China (-X%) illustrated a downward trend over the same period. China, Hong Kong SAR (+X p.p.), Germany (+X p.p.), Belgium (+X p.p.) and the U.S. (+X p.p.) significantly strengthened its position in terms of the global exports, while Switzerland and China saw its share reduced by -X% and -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2019, the average annual growth rate of value in Switzerland amounted to +X%. 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 2019, the average watch export price amounted to $X per unit, increasing by X% against the previous year. In general, the export price showed a resilient increase. The pace of growth was the most pronounced in 2017 when the average export price increased by X% year-to-year. Global export price peaked in 2019 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 ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Watch Imports

Imports

In 2019, purchases abroad of watches increased by X% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, global imports reached the maximum at X units in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, watch imports amounted to $X in 2019. Overall, total imports indicated a temperate expansion from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, global imports reached the maximum at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

The U.S. (X units) and China, Hong Kong SAR (X units) represented roughly X% of total imports of watches in 2019. It was distantly followed by India (X units), comprising a X% share of total imports. The following importers - Germany (X units), Japan (X units), Mexico (X units), Colombia (X units), the UK (X units), France (X units) and Spain (X units) - together made up X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest watch importing markets worldwide were China, Hong Kong SAR ($X), the U.S. ($X) and Japan ($X), with a combined X% share of global imports. These countries were followed by France, Germany, the UK, Spain, Mexico, India and Colombia, which together accounted for a further 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 2019, the average watch import price amounted to $X per unit, reducing by -X% against the previous year. Over the period under review, the import price, however, showed strong growth. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. As a result, import price attained the peak level of $X per unit. From 2018 to 2019, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was France ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for watches in the world?
+
The countries with the highest volumes of watch consumption in 2019 were the U.S. (221M units), China (168M units) and Japan (148M units), together accounting for 56% of global consumption. These countries were followed by India, Colombia, Mexico, Switzerland, Germany and the UK, which together accounted for a further 22%.
What are the largest producers of watches in the world?
+
The countries with the highest volumes of watch production in 2019 were China (178M units), Japan (121M units) and China, Hong Kong SAR (41M units), together accounting for 79% of global production. Switzerland, India and Brazil lagged somewhat behind, together comprising a further 19%.
What are the leading exporters of watches in the world?
+
In value terms, Switzerland ($20.6B) remains the largest watch supplier worldwide, comprising 50% of global exports. The second position in the ranking was occupied by China, Hong Kong SAR ($5.7B), with a 14% share of global exports. It was followed by China, with a 5.8% share.
What are the leading importers of watches in the world?
+
In value terms, the largest watch importing markets worldwide were China, Hong Kong SAR ($6.2B), the U.S. ($4.5B) and Japan ($2.7B), with a combined 33% share of global imports. France, Germany, the UK, Spain, Mexico, India and Colombia lagged somewhat behind, together comprising a further 19%.
What is the average export price for watches in the world?
+
The average watch export price stood at $125 per unit in 2019, with an increase of 4% against the previous year.
What is the average import price for watches in the world?
+
In 2019, the average watch import price amounted to $47 per unit, declining by -8.3% against the previous year.

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

This report provides an in-depth analysis of the global watch market. 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 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• 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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
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

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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