France: Market for Plastic or Non-Precious Metal Watches 2024

Market Size for Plastic or Non-Precious Metal Watches in France

In 2022, the French market for plastic or non-precious metal watches increased by 20% to $X, rising for the second consecutive year after five years of decline. Over the period under review, consumption saw a slight curtailment. Plastic or non-precious metal watch consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Plastic or Non-Precious Metal Watches in France

In value terms, plastic or non-precious metal watch production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced decrease. The pace of growth appeared the most rapid in 2019 with an increase of 24%. Over the period under review, production attained 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 from France

In 2022, approx. X units of plastic or non-precious metal watches were exported from France; declining by -30% compared with the previous year. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 42%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, plastic or non-precious metal watch exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 28% 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

Italy (X units), Germany (X units) and Poland (X units) were the main destinations of plastic or non-precious metal watch exports from France, with a combined 40% share of total exports. Belgium, Spain, Singapore, Switzerland, Portugal, Madagascar, the United States, the Netherlands, the UK and China lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +33.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic or non-precious metal watch exported from France were Germany ($X), Italy ($X) and Spain ($X), together comprising 55% of total exports. The Netherlands, Portugal, Switzerland, Belgium, the United States, the UK, Singapore, China, Poland and Madagascar lagged somewhat behind, together comprising a further 24%.

In terms of the main countries of destination, China, with a CAGR of +15.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for plastic or non-precious metal watches stood at $X per unit in 2022, growing by 59% against the previous year. In general, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic or Non-Precious Metal Watches

Imports into France

In 2022, approx. X units of plastic or non-precious metal watches were imported into France; shrinking by -15.8% against the previous year's figure. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, plastic or non-precious metal watch imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of plastic or non-precious metal watch to France, with a 35% share of total imports. Moreover, plastic or non-precious metal watch imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by Spain (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+22.0% per year) and Spain (+3.5% per year).

In value terms, Switzerland ($X) constituted the largest supplier of plastic or non-precious metal watches to France, comprising 70% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.6% share of total imports. It was followed by China, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Switzerland totaled +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.9% per year) and China (-10.5% per year).

Import Prices by Country

In 2022, the average import price for plastic or non-precious metal watches amounted to $X per unit, increasing by 36% against the previous year. In general, the import price enjoyed a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform