Eastern Europe: Market for Plastic or Non-Precious Metal Watches 2025

Market Size for Plastic or Non-Precious Metal Watches in Eastern Europe

The East European market for plastic or non-precious metal watches declined modestly to $X in 2022, remaining constant against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Plastic or Non-Precious Metal Watches in Eastern Europe

In value terms, plastic or non-precious metal watch production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a deep reduction. The growth pace was the most rapid in 2020 when the production volume increased by 83% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Plastic or Non-Precious Metal Watches

Exports in Eastern Europe

In 2022, approx. X units of plastic or non-precious metal watches were exported in Eastern Europe; waning by -4% against the year before. Over the period under review, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 91% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, plastic or non-precious metal watch exports reduced to $X in 2022. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 42% against the previous year. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, Poland (X units) represented the largest exporter of plastic or non-precious metal watches, making up 41% of total exports. The Czech Republic (X units) held the second position in the ranking, followed by Slovakia (X units), Lithuania (X units) and Russia (X units). All these countries together held approx. 44% share of total exports. Hungary (X units) and Latvia (X units) took a relatively small share of total exports.

Exports from Poland increased at an average annual rate of +9.4% from 2012 to 2022. At the same time, Latvia (+20.5%), Lithuania (+18.8%), Russia (+18.3%), Slovakia (+13.1%), the Czech Republic (+8.3%) and Hungary (+2.1%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +20.5% from 2012-2022. From 2012 to 2022, the share of Lithuania, Slovakia, Russia and Latvia increased by +4.6, +3.7, +2.5 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic or non-precious metal watch supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Slovakia ($X), with a combined 68% share of total exports.

Poland, with a CAGR of +26.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, with a decrease of -4.9% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic or non-precious metal watch export price increased by +97.5% against 2014 indices. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. The level of export peaked at $X per unit in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+15.5%), while the other leaders experienced more modest paces of growth.

Imports of Plastic or Non-Precious Metal Watches

Imports in Eastern Europe

In 2022, plastic or non-precious metal watch imports in Eastern Europe declined to X units, waning by -2.1% compared with 2021. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 24%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, plastic or non-precious metal watch imports reduced to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +17.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Russia (X units) and Poland (X units) were the major importers of plastic or non-precious metal watches in 2022, accounting for near 31% and 27% of total imports, respectively. It was distantly followed by the Czech Republic (X units), Hungary (X units), Romania (X units) and Slovakia (X units), together creating a 29% share of total imports. Ukraine (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Russia (with a CAGR of +8.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic or non-precious metal watch importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), together comprising 67% of total imports.

Poland, with a CAGR of +12.1%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, dropping by -5.3% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic or non-precious metal watch import price increased by +52.0% against 2016 indices. The growth pace was the most rapid in 2021 when the import price increased by 26%. As a result, import price reached the peak level of $X per unit, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+10.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform