Report Update Nov 1, 2024

Angola - Watch Straps, Bands and Bracelets - Market Analysis, Forecast, Size, Trends and Insights

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Angola: Bracelet Market 2024

Bracelet Market Size in Angola

In 2022, after two years of growth, there was decline in the Angolan bracelet market, when its value decreased by -3.3% to $X. Over the period under review, consumption continues to indicate a noticeable reduction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Bracelet Production in Angola

In value terms, bracelet production expanded to $X in 2022 estimated in export price. Overall, production recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. Bracelet production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Bracelet Exports

Exports from Angola

In 2022, the amount of watch straps, bands and bracelets exported from Angola fell dramatically to X units, which is down by -45.5% on the year before. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 1,197% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, bracelet exports contracted to $X in 2022. In general, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 379% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X units) was the main destination for bracelet exports from Angola, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal stood at +11.6%.

In value terms, Portugal ($X) also remains the key foreign market for watch straps, bands and bracelets exports from Angola.

From 2012 to 2022, the average annual growth rate of value to Portugal totaled +12.2%.

Export Prices by Country

In 2022, the average bracelet export price amounted to $X per unit, surging by 81% against the previous year. Over the period under review, the export price, however, showed a perceptible downturn. The growth pace was the most rapid in 2019 an increase of 192% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Portugal.

From 2012 to 2022, the rate of growth in terms of prices for Portugal amounted to +0.5% per year.

Bracelet Imports

Imports into Angola

Bracelet imports into Angola contracted significantly to X units in 2022, declining by -30.2% compared with the year before. Over the period under review, imports recorded a drastic downturn. The growth pace was the most rapid in 2019 with an increase of 249% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, bracelet imports declined dramatically to $X in 2022. Overall, imports saw a noticeable curtailment. The growth pace was the most rapid in 2019 with an increase of 181% against the previous year. Imports peaked at $X in 2021, and then shrank sharply in the following year.

Imports by Country

Portugal (X units), France (X units) and the UK (X units) were the main suppliers of bracelet imports to Angola, together comprising 56% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +35.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), the UK ($X) and France ($X) appeared to be the largest bracelet suppliers to Angola, together comprising 79% of total imports.

Among the main suppliers, France, with a CAGR of +49.4%, saw 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 bracelet import price stood at $X per unit in 2022, growing by 1.8% against the previous year. Over the period under review, the import price saw notable growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 172%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for Namibia (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for watch straps, bands and bracelets in the world?

The United States constituted the country with the largest volume of bracelet consumption, accounting for 41% of total volume. Moreover, bracelet consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fivefold. The third position in this ranking was occupied by Switzerland, with a 5.2% share.

What are the largest producers of watch straps, bands and bracelets in the world?

China constituted the country with the largest volume of bracelet production, accounting for 63% of total volume. Moreover, bracelet production in China exceeded the figures recorded by the second-largest producer, Hong Kong SAR, more than tenfold. India ranked third in terms of total production with a 3.3% share.

What are the leading suppliers of watch straps, bands and bracelets to Angola?

In value terms, the largest bracelet suppliers to Angola were Portugal, the UK and Brazil, together accounting for 71% of total imports. Hong Kong SAR, the United Arab Emirates, China and Germany lagged somewhat behind, together accounting for a further 19%.

What is the average export price for watch straps, bands and bracelets in Angola?

The average bracelet export price stood at $35,846 per ton in 2018, remaining stable against the previous year.

What is the average import price for watch straps, bands and bracelets in Angola?

In 2021, the average bracelet import price amounted to $116,333 per ton, growing by 25% against the previous year.

This report provides an in-depth analysis of the bracelet market in Angola. 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:

Angola

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Angola
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023