Thailand - Watch Straps, Bands And Bracelets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice of Bracelets Rises Slightly to $1.9 per Unit in Thailand
Thailand Bracelet Import Price in July 2023
In July 2023, the bracelet price amounted to $1.9 per unit (CIF, Thailand), with an increase of 18% against the previous month. Overall, the import price, however, saw a deep downturn. The pace of growth appeared the most rapid in January 2023 an increase of 28% m-o-m. As a result, import price attained the peak level of $6,762 per thousand units. From February 2023 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($7.5 per unit), while the price for China ($1.6 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
| COUNTRY | Import Price of Bracelet in Thailand (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | |
| Switzerland | 6.4 | 5.8 | 12.4 | 8.4 | 5.3 | 7.2 | 5.9 | 11.8 | 8.5 | 10.7 | 11.2 | 4.3 | 7.5 |
| Japan | 4.8 | 5.9 | 5.9 | 4.6 | 5.6 | 4.1 | 7.7 | 6.5 | 5.2 | 3.4 | 4.1 | 4.0 | 5.6 |
| Vietnam | 2.2 | 2.1 | 1.6 | 2.4 | 1.8 | 1.8 | 2.0 | 2.0 | 1.8 | 2.1 | 2.4 | 1.7 | 2.7 |
| China | 5.2 | 3.9 | 5.2 | 7.1 | 6.4 | 5.3 | 6.9 | 1.9 | 1.4 | 1.4 | 1.5 | 1.4 | 1.6 |
| Average | 5.1 | 5.0 | 5.9 | 6.2 | 6.2 | 5.3 | 6.8 | 4.2 | 1.6 | 1.6 | 1.7 | 1.6 | 1.9 |
Thailand Bracelet Imports
In July 2023, after two months of growth, there was significant decline in purchases abroad of watch straps, bands and bracelets, when their volume decreased by -37.9% to 1.9M units. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in March 2023 with an increase of 441% month-to-month. Over the period under review, imports hit record highs at 3M units in June 2023, and then fell dramatically in the following month.
In value terms, bracelet imports plummeted to $3.5M (IndexBox estimates) in July 2023. In general, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in March 2023 with an increase of 104% month-to-month. Over the period under review, imports attained the peak figure at 4.8M units in June 2023, and then declined markedly in the following month.
Thailand Bracelet Imports by Country
In July 2023, China (1.8M units) was the main bracelet supplier to Thailand, accounting for a 95% share of total imports. It was followed by Japan (28K units), with a 1.5% share of total imports. Vietnam (27K units) ranked third in terms of total imports with a 1.5% share.
From July 2022 to July 2023, the average monthly rate of growth in terms of volume from China totaled +30.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (-8.3% per month) and Vietnam (-1.7% per month).
In value terms, China ($2.9M) constituted the largest supplier of bracelet to Thailand, comprising 82% of total imports. The second position in the ranking was held by Japan ($154K), with a 4.4% share of total imports. It was followed by Switzerland, with a 3.1% share.
From July 2022 to July 2023, the average monthly growth rate of value from China amounted to +18.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (-7.0% per month) and Switzerland (-1.2% per month).
This report provides an in-depth analysis of the bracelet market in Thailand. 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 15121300 - Watch straps, bands, bracelets and parts thereof (including of leather, composition leather or plastic, excluding of precious metal, metal or base metal clad/plated with precious metal)
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
