World - Watches - Market Analysis, Forecast, Size, Trends and Insights
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Watch market: find recently published information enhanced by an Ai-driven market intelligence platform. Information provide imports, trade, production, consumption, exports, market size, market prices, and companies. Here is a split by region, including Latin America, the U.K., Russia, the U.S., the Middle East, EU, Africa, and China. Market trends and forecast to 2030 are also featured in the dashboards.
Watch - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | United States |
| 3 | France |
| 4 | Germany |
| 5 | Japan |
In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by France.
In China, the watch market expanded at an average annual rate of +61.4% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: the United States (-10.9% per year) and France (-20.5% per year).
Watch Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| China | 20 | 22 | 23 | 8.2% |
| United Arab Emirates | 21 | 23 | 23 | 4.8% |
| Philippines | 24 | 27 | 25 | 4.0% |
| Thailand | 26 | 27 | 28 | 3.8% |
| Hong Kong SAR | 27 | 28 | 32 | 7.2% |
| Netherlands | 29 | 44 | 61 | 45.6% |
| France | 103 | 89 | 90 | -6.2% |
| Germany | 100 | 85 | 99 | -0.5% |
| United States | 114 | 131 | 126 | 5.2% |
| Switzerland | 340 | 384 | 386 | 6.6% |
| Average | 84 | 88 | 98 | 8.1% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Switzerland ($386 per unit), while China ($23 per unit) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands (+45.6%), while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per unit | ||||
| United Kingdom | 87 | 96 | 114 | 14.9% |
| Japan | 83 | 93 | 111 | 15.2% |
| France | 105 | 106 | 72 | -16.9% |
| Hong Kong SAR | 39 | 39 | 56 | 19.9% |
| United Arab Emirates | 82 | 46 | 52 | -20.0% |
| Germany | 53 | 53 | 39 | -14.8% |
| China | 38 | 30 | 38 | -0.5% |
| United States | 15 | 18 | 25 | 28.2% |
| Netherlands | 55 | 45 | 20 | -39.3% |
| Average | 41 | 41 | 48 | 7.4% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the UK ($114 per unit), while the Netherlands ($20 per unit) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States (+28.2%), while the other global leaders experienced more modest paces of growth.
Watch - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Hong Kong SAR | 7 | 6.2 | 5.2 | -13.6% |
| United States | 4.1 | 4.5 | 3.7 | -5.2% |
| China | 2.3 | 2.6 | 3.5 | 22.3% |
| Japan | 2.5 | 2.8 | 2 | -9.8% |
| Germany | 2.1 | 2.1 | 1.9 | -3.6% |
In value terms, Hong Kong SAR ($5.2B), the United States ($3.7B) and China ($3.5B) constituted the countries with the highest levels of imports in 2020, together accounting for 37% of global imports.
In terms of the main importing countries, China, with a CAGR of +22.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.
Watch - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Switzerland | 25 | 25 | 21 | -8.2% |
| Hong Kong SAR | 5.7 | 5.7 | 4.4 | -12.2% |
| China | 2.3 | 2.4 | 1.7 | -14.7% |
| France | 1.8 | 2.4 | 1.5 | -7.8% |
| Germany | 1.2 | 1.6 | 1.4 | 9.6% |
In value terms, Switzerland ($20.7B) remains the largest watch supplier worldwide, comprising 55% of global exports. The second position in the ranking was occupied by Hong Kong SAR ($4.4B), with a 12% share of global exports. It was followed by China, with a 4.4% share.
From 2018 to 2020, the average annual rate of growth in terms of value in Switzerland totaled -8.2%. In the other countries, the average annual rates were as follows: Hong Kong SAR (-12.2% per year) and China (-14.7% per year).
Watch - Market Forecast
Driven by increasing demand for watch worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Watch - Top Companies
Beijing Zhongxing Shitong Electronic Technology Co., Ltd., Shenzhen Speedpower Leather Co. Ltd., Piaget SA, IWC International Watch Co. AG, Montblanc Montre SA, Queloz SA, Maurice Lacroix SA, The Swatch Group Far East Distribution Ltd, ETA SA Manufacture Horlogère Suisse, Novi S.A., Rubattel et Weyermann S.A., Diantus Watch SA, The Swatch Group Assembly SA, Micro Crystal AG, Assemti SA, Distico SA, Universo S.A., Meco SA, Record Watch Co. SA, Compagnie des Montres Longines, Francillon S.A.
Watch - Product Coverage
- HS 9101 - Wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal
- HS 9102 - Wrist-watches, pocket-watches, stop-watches and other watches, other than those of heading no. 9101
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
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- 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
+ the largest producing countries
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:
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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
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
-
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
-
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. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- 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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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The continued rise in popularity of smartwatches is having a major impact on the watch market.
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In value terms, wrist-watches, pocket-watches, stop-watches and other watches imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value decre...
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In value terms, watch movements imports totaled $X in 2016. Overall, watch movements imports continue to indicate a relatively flat trend pattern. Global watch movements import peaked of $X in X>
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In value terms, complete, unassembled watch and clock movements imports stood at $X in 2016. Overall, it indicated a temperate expansion from 2007 to 2016: the total imports value increased at an a...
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In value terms, watch cases and parts thereof imports totaled $X in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports value increased at an average annual rate ...
518
In value terms, watch straps, watch bands, watch bracelets and parts thereof imports totaled $X in 2016. Overall, it indicated a remarkable expansion from 2007 to 2016: the total imports value decrea...
520
In value terms, wrist-watches, pocket-watches, stop-watches and other watches exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value decreased a...
630
In value terms, watch movements exports stood at $X in 2016. Overall, it indicated a conspicuous growth from 2007 to 2016: the total exports value decreased at an average annual rate of -X% over ...
568
In value terms, complete, unassembled watch and clock movements exports totaled $X in 2016. Overall, complete, unassembled watch and clock movements exports continue to indicate a abrupt slump. Ove...
