Report World - Watches - Market Analysis, Forecast, Size, Trends and Insights for 499$
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World - Watches - Market Analysis, Forecast, Size, Trends and Insights
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Global Watch Market 2022

Watch Market Size

After two years of decline, the global watch market increased by X% to $X in 2021. In general, consumption saw a mild decrease. Global consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Watch Production

In value terms, watch production declined to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Over the period under review, global production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Watch Exports

Exports

In 2021, overseas shipments of watches were finally on the rise to reach X units after eight years of decline. In general, exports, however, continue to indicate a abrupt decrease. The global exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, watch exports skyrocketed to $X in 2021. Overall, exports saw a relatively flat trend pattern. Over the period under review, the global exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China represented the key exporting country with an export of about X units, which amounted to X% of total exports. It was distantly followed by Hong Kong SAR (X units), achieving a X% share of total exports. The following exporters - Switzerland (X units), Thailand (X units), the United States (X units), France (X units), Ireland (X units) and Spain (X units) - together made up X% of total exports.

From 2012 to 2021, the biggest increases were in Ireland (with a CAGR of +X%), while shipments for the other global leaders experienced more modest paces of growth.

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

In Switzerland, watch exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hong Kong SAR (-X% per year) and China (+X% per year).

Export Prices by Country

In 2021, the average watch export price amounted to $X per unit, falling by -X% against the previous year. Over the period under review, the export price, however, showed a strong increase. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Switzerland ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, 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.

Watch Imports

Imports

In 2021, overseas purchases of watches decreased by -X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a perceptible reduction. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Global imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, watch imports soared to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Global imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X units) represented the main importer of watches, committing X% of total imports. The United States (X units) ranks second in terms of the total imports with a X% share, followed by Hong Kong SAR (X%). The following importers - Ireland (X units), China (X units), France (X units), India (X units), Venezuela (X units), the United Arab Emirates (X units) and Japan (X units) - together made up X% of total imports.

From 2012 to 2021, average annual rates of growth with regard to watch imports into South Korea stood at +X%. At the same time, Venezuela (+X%), Ireland (+X%) and France (+X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2012-2021. By contrast, India (-X%), China (-X%), the United States (-X%), the United Arab Emirates (-X%), Hong Kong SAR (-X%) and Japan (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Korea, Ireland and Venezuela increased by +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 watch importing markets worldwide were Hong Kong SAR ($X), the United States ($X) and China ($X), with a combined X% share of global imports. These countries were followed by France, Japan, the United Arab Emirates, South Korea, India, Ireland and Venezuela, which together accounted for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average watch import price amounted to $X per unit, with an increase of X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. 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 destination: the country with the highest price was Japan ($X per unit), while Venezuela ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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

Frequently Asked Questions (FAQ) :

What are the largest markets for watches in the world?
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The country with the largest volume of watch consumption was South Korea, accounting for 40% of total volume. Moreover, watch consumption in South Korea exceeded the figures recorded by the second-largest consumer, the United States, threefold. Japan ranked third in terms of total consumption with a 9% share.
What are the largest producers of watches in the world?
+
China remains the largest watch producing country worldwide, comprising approx. 57% of total volume. Moreover, watch production in China exceeded the figures recorded by the second-largest producer, Japan, threefold. India ranked third in terms of total production with a 5.7% share.
What are the leading suppliers of watches in the world?
+
In value terms, Switzerland remains the largest watch supplier worldwide, comprising 53% of global exports. The second position in the ranking was taken by Hong Kong SAR, with a 13% share of global exports. It was followed by China, with a 4.9% share.
What are the leading importers of watches in the world?
+
In value terms, the largest watch importing markets worldwide were Hong Kong SAR, the United States and China, with a combined 37% share of global imports. These countries were followed by France, Japan, the United Arab Emirates, South Korea, India, Ireland and Venezuela, which together accounted for a further 17%.
What is the average export price for watches in the world?
+
In 2021, the average watch export price amounted to $76 per unit, shrinking by -26.4% against the previous year.
What is the average import price for watches in the world?
+
In 2021, the average watch import price amounted to $27 per unit, surging by 53% against the previous year.

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 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

Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Company coverage:
Ralph Lauren, Fossil Group, Citizen, Casio, Patek Philippe, Audemars Piguet, Rolex, Chopard, Breitling, Franck Muller, American Watch Company, Montrichard Group, Weiss Watch Company, Keaton Myrick, Vortic, DuFrane, RGM, Pelton, Kobold, Shinola, Throne, Detroit Watch Company, Talley & Twine, Charriol, Breitling SA, 88 Rue du Rhone, A. Favre & Fils, Abraham-Louis Perrelet, Allgemeine Gesellschaft der Schweizerischen Uhrenindustrie, Alpina Watches, Andreas Strehler, Arcadia Watches, Armand Nicolet, Audemars Piguet, Baume et Mercier, Bedat & Co, Blanchet, Blancpain, Brand, Carl F. Bucherer, Catorex Cecil Purnell, Century Time Gems, Certina Kurth Frères, Charriol, Chopard Christian, Jacques, Chronoswiss, Corum, Cyma Watches, Czapek & Cie, Daniel Roth, De Grisogono, Ebel, Eberhard & Co., Endura Watch Factory, Era Watch Company, Ernest Borel, ETA SA, Eterna F. P. Journe, Favre-Leuba, Franck Muller, Frédérique Constant, Gallet & Co., General Watch Co, Girard-Perregaux, Glycine watch, Greubel Forsey, Grovana Watch, Hanowa, Hublot HYT, International Watch Company, Jaeger-LeCoultre, Jean Perret, Jovial, Juvenia, Movements, Longines, Luminox Maitres du Temps, Manufacture Modules Technologies (MMT), Manufacture royale, Mathey-Tissot, Maurice Lacroix, MB&F, Mb-microtec, Mido, Mouawad Ollech & Wajs, Omega SA, Oris, Parmigiani Fleurier, Patek Philippe & Co., Piaget SA, Rado, Raymond Weil, Ribordy Watches Richard Mille, Richemont, Roamer, Roger Dubuis, Rolex, Romain Gauthier Ronda, Rotary Watches, Sandoz watches, Schwarz Etienne Sowind Group, Speake-Marin, TAG Heuer, The Swatch Group, Tissot Titoni, Tudor Watches, Ulysse Nardin, Universal Genève, Urwerk, Vacheron Constantin, Valbray Waltham International, West End Watch Co., Zenith, Zeno-Watch Basel, Zodiac Watches

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
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 2012–2021
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 2012–2021
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

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 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
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, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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