EU: Bracelet Market 2024

Bracelet Market Size in the EU

The EU bracelet market surged to $X in 2022, picking up by 18% against the previous year. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Bracelet Production in the EU

In value terms, bracelet production fell to $X in 2022 estimated in export price. In general, production, however, showed a mild downturn. The growth pace was the most rapid in 2018 when the production volume increased by 25%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Bracelet Exports

Exports in the EU

For the third year in a row, the European Union recorded growth in shipments abroad of watch straps, bands and bracelets, which increased by 101% to X units in 2022. In general, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bracelet exports rose modestly to $X in 2022. The total export value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The biggest shipments were from Ireland (X units), the Czech Republic (X units), the Netherlands (X units), France (X units) and Italy (X units), together resulting at 78% of total export. Belgium (X units), Germany (X units), Romania (X units), Poland (X units), Denmark (X units) and Slovenia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +160.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the largest bracelet supplier in the European Union, comprising 55% of total exports. The second position in the ranking was taken by Italy ($X), with a 15% share of total exports. It was followed by the Czech Republic, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in France stood at +5.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+4.1% per year) and the Czech Republic (+56.2% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, with a decrease of -47.9% against the previous year. Overall, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 when the export price increased by 7.1%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 France ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.6%), while the other leaders experienced a decline in the export price figures.

Bracelet Imports

Imports in the EU

In 2022, approx. X units of watch straps, bands and bracelets were imported in the European Union; increasing by 46% against the previous year. Over the period under review, imports recorded a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bracelet imports surged to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 +81.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X units), the Netherlands (X units), Germany (X units), France (X units), Italy (X units), Ireland (X units), Spain (X units) and Poland (X units) represented roughly 80% of total imports in 2022. Belgium (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +48.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bracelet importing markets in the European Union were France ($X), Germany ($X) and the Czech Republic ($X), with a combined 56% share of total imports.

Among the main importing countries, the Czech Republic, with a CAGR of +33.1%, saw the highest rates of growth with regard to 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

In 2022, the import price in the European Union amounted to $X per unit, which is down by -6.5% against the previous year. Overall, the import price continues to indicate a slight shrinkage. The growth pace was the most rapid in 2013 when the import price increased by 13%. Over the period under review, import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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