Algeria: Watch Market 2025

Watch Market Size in Algeria

The Algerian watch market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.1% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Watch Exports

Exports from Algeria

In 2021, after four years of growth, there was significant decline in shipments abroad of watches, when their volume decreased by -21.4% to X units. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 2,506% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, watch exports declined markedly to $X in 2021. Over the period under review, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2013 when exports increased by 296%. Over the period under review, the exports hit record highs at $X in 2020, and then contracted markedly in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for watch exports from Algeria, with a 52% share of total exports. Moreover, watch exports to the United Arab Emirates exceeded the volume sent to the second major destination, Germany (X units), sixfold. The third position in this ranking was taken by Australia (X units), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at -22.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+26.6% per year) and Australia (0.0% per year).

In value terms, the largest markets for watch exported from Algeria were Germany ($X), Australia ($X) and the United Arab Emirates ($X), with a combined 52% share of total exports. Switzerland, Belgium, France and Morocco lagged somewhat behind, together accounting for a further 17%.

Belgium, with a CAGR of +41.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average watch export price amounted to $X per unit, waning by -35.4% against the previous year. Overall, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in 2014 an increase of 1,500% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Watch Imports

Imports into Algeria

In 2021, after two years of decline, there was significant growth in purchases abroad of watches, when their volume increased by 18% to X units. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 97%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, watch imports surged to $X in 2021. The total import value increased at an average annual rate of +5.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Hong Kong SAR (X units) and Poland (X units) were the main suppliers of watch imports to Algeria, together comprising 92% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +38.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest watch suppliers to Algeria were Switzerland ($X), China ($X) and Hong Kong SAR ($X), with a combined 75% share of total imports. Spain and Poland lagged somewhat behind, together accounting for a further 2%.

In terms of the main suppliers, Poland, with a CAGR of +66.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average watch import price stood at $X per unit in 2021, rising by 22% against the previous year. In general, the import price, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 44% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for Poland ($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 (+34.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :