Hong Kong SAR, China: Bracelet Market 2025

Bracelet Market Size in Hong Kong SAR, China

In 2022, the Hong Kong bracelet market increased by 23% to $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +8.7% against 2016 indices. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Bracelet Production in Hong Kong SAR, China

In value terms, bracelet production reached $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 57%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Bracelet Exports

Exports from Hong Kong SAR, China

In 2022, approx. X units of watch straps, bands and bracelets were exported from Hong Kong SAR; with a decrease of -7.9% against 2021. Overall, exports showed a perceptible descent. The growth pace was the most rapid in 2015 when exports increased by 35% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, bracelet exports stood at $X in 2022. Over the period under review, exports recorded a mild descent. The pace of growth appeared the most rapid in 2015 when exports increased by 51% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), China (X units) and India (X units) were the main destinations of bracelet exports from Hong Kong SAR, with a combined 47% share of total exports. Switzerland, Germany, the UK, Japan, the Philippines, Canada, Italy, France, Sweden and Australia lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +28.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bracelet exported from Hong Kong SAR were Switzerland ($X), the United States ($X) and China ($X), with a combined 45% share of total exports. Germany, Japan, the Philippines, the UK, India, Italy, France, Australia, Sweden and Canada lagged somewhat behind, together comprising a further 34%.

In terms of the main countries of destination, Sweden, with a CAGR of +19.1%, 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 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2013 an increase of 18% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Canada ($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 China (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Bracelet Imports

Imports into Hong Kong SAR, China

In 2022, bracelet imports into Hong Kong SAR declined to X units, reducing by -13.4% against the previous year's figure. Over the period under review, imports saw a noticeable slump. The pace of growth appeared the most rapid in 2015 when imports increased by 35% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, bracelet imports fell to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 74% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of bracelet to Hong Kong SAR, accounting for a approx. 96% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -4.8%.

In value terms, China ($X) constituted the largest supplier of watch straps, bands and bracelets to Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +3.7%.

Import Prices by Country

The average bracelet import price stood at $X per unit in 2022, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +6.1%. The growth pace was the most rapid in 2015 an increase of 28% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +9.0% per year.

Source: IndexBox Platform

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