Eastern Europe: Rough Watch Movements Market 2024

Rough Watch Movements Market Size in Eastern Europe

After three years of growth, the East European rough watch movements market decreased by -15.2% to $X in 2021. Over the period under review, consumption, however, continues to indicate a strong expansion. Over the period under review, the market hit record highs at $X in 2020, and then fell dramatically in the following year.

Rough Watch Movements Production in Eastern Europe

In value terms, rough watch movements production contracted dramatically to $X in 2021 estimated in export price. In general, production, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 244% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Rough Watch Movements Exports

Exports in Eastern Europe

Rough watch movements exports soared to X units in 2021, increasing by 84% on the previous year. Over the period under review, exports, however, faced a precipitous setback. The pace of growth was the most pronounced in 2013 when exports increased by 348%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, rough watch movements exports skyrocketed to $X in 2021. Overall, exports, however, showed a noticeable decline. The pace of growth was the most pronounced in 2013 when exports increased by 140%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, the Czech Republic (X units) represented the main exporter of rough watch movements, achieving 77% of total exports. Belarus (X units) took the second position in the ranking, followed by Ukraine (X units). All these countries together held approx. 23% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to rough watch movements exports from the Czech Republic stood at -30.2%. At the same time, Ukraine (+300.0%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +300.0% from 2012-2021. By contrast, Belarus (-8.6%) illustrated a downward trend over the same period. While the share of Ukraine (+11 p.p.) and Belarus (+10 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Czech Republic (-21.3 p.p.) displayed negative dynamics.

In value terms, the largest rough watch movements supplying countries in Eastern Europe were Belarus ($X), the Czech Republic ($X) and Ukraine ($X), together accounting for 69% of total exports.

Among the main exporting countries, Ukraine, with a CAGR of +415.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, with a decrease of -16.1% against the previous year. Over the period under review, the export price, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 when the export price increased by 1,009% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+29.6%), while the other leaders experienced more modest paces of growth.

Rough Watch Movements Imports

Imports in Eastern Europe

For the third consecutive year, Eastern Europe recorded decline in overseas purchases of rough watch movements, which decreased by -0.3% to X units in 2021. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 376% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, rough watch movements imports surged to $X in 2021. Over the period under review, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of 74%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Hungary (X units) and Poland (X units) prevails in imports structure, together committing 95% of total imports. Belarus (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Poland (with a CAGR of +17.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constitutes the largest market for imported rough watch movements in Eastern Europe, comprising 50% of total imports. The second position in the ranking was taken by Hungary ($X), with a 17% share of total imports.

In Poland, rough watch movements imports expanded at an average annual rate of +5.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hungary (+18.6% per year) and Belarus (-21.9% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2021, surging by 64% against the previous year. In general, the import price continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2014 when the import price increased by 159%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+11.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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