China - Watches - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWatch Prices in China
China Watch Import Price in August 2022
In August 2022, the watch price amounted to $318 per unit (CIF, China), which is down by -23.7% against the previous month. Over the period under review, the import price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in February 2022 when the average import price increased by 167% m-o-m. The import price peaked at $417 per unit in July 2022, and then declined dramatically in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($1,350 per unit), while the price for Thailand ($27.1 per unit) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.
China Watch Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal ($11,915 per unit), while the price for plastic or non-precious metal watches totaled $231 per unit.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by plastic or non-precious metal watch (+11.1%).
China Watch Imports
In August 2022, approximately 1.2M units of watches were imported into China; surging by 24% against the previous month. Over the period under review, imports, however, saw a abrupt descent. Imports peaked at 2.6M units in January 2022; however, from February 2022 to August 2022, imports failed to regain momentum.
In value terms, watch imports reduced to $370M (IndexBox estimates) in August 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 when imports increased by 100% against the previous month. Imports peaked at 426M units in March 2022; however, from April 2022 to August 2022, imports failed to regain momentum.
China Watch Imports by Type
In August 2022, plastic or non-precious metal watches (1.2M units) was the main type of watch supplied to China, accounting for a 99% share of total imports. It was followed by wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal (8.7K units), with a 0.7% share of total imports.
From January 2022 to August 2022, the average monthly rate of growth in terms of the volume of import of plastic or non-precious metal watches amounted to -10.9%.
In value terms, plastic or non-precious metal watches ($266M) constituted the largest type of watch supplied to China, comprising 72% of total imports. The second position in the ranking was held by wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal ($104M), with a 28% share of total imports.
China Watch Imports by Country
Thailand (325K units), Japan (322K units) and Switzerland (240K units) were the main suppliers of watch imports to China, with a combined 76% share of total imports. These countries were followed by Italy, which accounted for a further 1.3%.
From January 2022 to August 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +79.1%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Switzerland ($324M) constituted the largest supplier of watch to China, comprising 88% of total imports. The second position in the ranking was taken by Japan ($15M), with a 4.1% share of total imports. It was followed by Thailand, with a 2.4% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of value from Switzerland amounted to +1.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (+4.4% per month) and Thailand (-4.4% per month).
This report provides an in-depth analysis of the watch market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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