Germany: Bracelet Market 2024

Bracelet Market Size in Germany

The German bracelet market surged to $X in 2022, increasing by 48% against the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bracelet Production in Germany

In value terms, bracelet production soared to $X in 2022 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 34%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Bracelet Exports

Exports from Germany

In 2022, shipments abroad of watch straps, bands and bracelets decreased by -8.2% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, posted a resilient increase. The growth pace was the most rapid in 2018 when exports increased by 36%. Over the period under review, the exports attained the peak figure at X units in 2021, and then contracted in the following year.

In value terms, bracelet exports shrank slightly to $X in 2022. The total export value increased at an average annual rate of +2.8% 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 2016 when exports increased by 26% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X units) was the main destination for bracelet exports from Germany, accounting for a 29% share of total exports. Moreover, bracelet exports to Poland exceeded the volume sent to the second major destination, Austria (X units), threefold. The third position in this ranking was held by France (X units), with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume to Poland stood at +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+10.5% per year) and France (+4.9% per year).

In value terms, the largest markets for bracelet exported from Germany were Switzerland ($X), Portugal ($X) and France ($X), together comprising 45% of total exports. Italy, the United States, Austria, the Netherlands, the UK, Spain, Poland, Belgium, the United Arab Emirates and the Czech Republic lagged somewhat behind, together accounting for a further 43%.

Among the main countries of destination, Poland, with a CAGR of +21.0%, saw the highest rates of growth with regard to 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

In 2022, the average bracelet export price amounted to $X per unit, surging by 5.8% against the previous year. Over the period under review, the export price, however, recorded a perceptible contraction. The growth pace was the most rapid in 2014 an increase of 16%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Poland ($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 the United Arab Emirates (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Bracelet Imports

Imports into Germany

In 2022, bracelet imports into Germany skyrocketed to X units, jumping by 23% on 2021. In general, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +2.0% 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 +29.9% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 26% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, bracelet imports skyrocketed to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +52.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of bracelet to Germany, with a 82% share of total imports. It was followed by Switzerland (X units), with a 2.5% share of total imports. The third position in this ranking was taken by Hong Kong SAR (X units), with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+0.8% per year) and Hong Kong SAR (-15.4% per year).

In value terms, China ($X) constituted the largest supplier of watch straps, bands and bracelets to Germany, comprising 63% of total imports. The second position in the ranking was held by Switzerland ($X), with a 12% share of total imports. It was followed by France, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+2.4% per year) and France (+0.1% per year).

Import Prices by Country

In 2022, the average bracelet import price amounted to $X per unit, increasing by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2014 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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 China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :