Australia and Oceania: Market for Plastic or Non-Precious Metal Watches 2025

Market Size for Plastic or Non-Precious Metal Watches in Australia and Oceania

In 2022, the market for plastic or non-precious metal watches in Australia and Oceania increased by 20% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a slight decline. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Plastic or Non-Precious Metal Watches in Australia and Oceania

In value terms, plastic or non-precious metal watch production surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by 160%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Plastic or Non-Precious Metal Watches

Exports in Australia and Oceania

In 2022, overseas shipments of plastic or non-precious metal watches decreased by -13.6% to X units, falling for the seventh consecutive year after four years of growth. In general, exports continue to indicate a slight reduction. The pace of growth was the most pronounced in 2015 when exports increased by 59%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic or non-precious metal watch exports rose modestly to $X in 2022. Overall, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 73%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Australia represented the largest exporting country with an export of around X units, which finished at 88% of total exports. It was distantly followed by New Zealand (X units), mixing up an 11% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic or non-precious metal watch exports from Australia stood at -2.0%. At the same time, New Zealand (+2.8%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +2.8% from 2012-2022. New Zealand (+3.8 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -4.4% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest plastic or non-precious metal watch supplier in Australia and Oceania, comprising 91% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 6.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +9.1%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, jumping by 19% against the previous year. Over the period under review, the export price saw strong growth. The pace of growth appeared the most rapid in 2021 when the export price increased by 82%. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+11.3%).

Imports of Plastic or Non-Precious Metal Watches

Imports in Australia and Oceania

Plastic or non-precious metal watch imports shrank slightly to X units in 2022, falling by -4.4% against the previous year's figure. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2015 when imports increased by 58%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastic or non-precious metal watch imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Australia dominates imports structure, resulting at X units, which was near 82% of total imports in 2022. New Zealand (X units) held the second position in the ranking, followed by Fiji (X units). All these countries together took near 15% share of total imports.

Imports into Australia decreased at an average annual rate of -6.7% from 2012 to 2022. At the same time, Fiji (+9.0%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +9.0% from 2012-2022. By contrast, New Zealand (-6.8%) illustrated a downward trend over the same period. While the share of Fiji (+4.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-4.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported plastic or non-precious metal watches in Australia and Oceania, comprising 88% of total imports. The second position in the ranking was held by New Zealand ($X), with an 8.7% share of total imports.

In Australia, plastic or non-precious metal watch imports expanded at an average annual rate of +2.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (-0.0% per year) and Fiji (+9.6% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, picking up by 20% against the previous year. In general, the import price posted buoyant growth. The pace of growth appeared the most rapid in 2016 an increase of 32%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+9.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform