Latin America and the Caribbean: Watch Glasses Market 2020

Watch Glasses Market Size in Latin America and the Caribbean

The revenue of the watch glasses market in Latin America and the Caribbean amounted to $X in 2017, coming down by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The watch glasses consumption continues to indicate a drastic descent. The pace of growth appeared the most rapid in 2008, when it surged by X% y-o-y. In that year, the watch glasses market attained their peak level of $X. From 2009 to 2017, growth of the watch glasses market failed to regain its momentum.

Watch Glasses Exports in Latin America and the Caribbean

In 2017, approx. X units of clock or watch glasses and glasses for spectacles were exported in Latin America and the Caribbean; going up by X% against the previous year. The watch glasses exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2010, when exports increased by X% year-to-year. The volume of exports peaked of X units in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, watch glasses exports totaled $X in 2017. The watch glasses exports continue to indicate a drastic shrinkage. Over the period under review, the watch glasses exports reached its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Watch Glasses Exports by Country in Latin America and the Caribbean

Mexico prevails in watch glasses exports structure, reaching X units, which was near X% of total exports in 2017. It was distantly followed by Brazil (X units), mixed up X% share of total exports. Panama (X units), Dominica (X units) and Nicaragua (X units) occupied the weak share of total exports.

From 2007 to 2017, average annual rates of growth with regard to watch glasses exports from Mexico stood at -X%. Brazil experienced a relatively flat trend pattern. Panama (-X%), Dominica (-X%) and Nicaragua (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Mexico, Nicaragua, Dominica and Panama increased by X%, X%, X% and X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest watch glasses supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by Panama, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Mexico totaled -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-X% per year) and Panama (-X% per year).

Watch Glasses Export Prices by Country in Latin America and the Caribbean

The watch glasses export price in Latin America and the Caribbean stood at $X per unit in 2017, declining by -X% against the previous year. The watch glasses export price continues to indicate an abrupt deduction. The pace of growth was the most pronounced in 2008, when the export prices increased by X% year-to-year. In that year, the export prices for clock or watch glasses and glasses for spectacles reached their peak level of $X per unit. From 2009 to 2017, growth of the export prices for clock or watch glasses and glasses for spectacles stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Nicaragua ($X per unit), while Dominica ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Panama (+X% per year), while the other leaders experienced a decline in the export price figures.

Watch Glasses Imports in Latin America and the Caribbean

In 2017, watch glasses imports in Latin America and the Caribbean totaled X units, remaining relatively unchanged against the previous year. The watch glasses imports continue to indicate a mild slump. The most prominent rate of growth was recorded in 2016, with an increase of X% against the previous year. Over the period under review, the watch glasses imports reached its peak figure volume of X units in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, watch glasses imports stood at $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of imports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Watch Glasses Imports by Country in Latin America and the Caribbean

Mexico (X units) and the Dominican Republic (X units) represented the main importers of clock or watch glasses and glasses for spectacles in 2017, amounting to approx. X% and X% of total imports, respectively. It was distantly followed by Brazil (X units), Argentina (X units) and Suriname (X units), together committing X% share of total imports. Ecuador (X units), Chile (X units), Bahamas (X units), Peru (X units) and Bolivia (X units) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Suriname (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported clock or watch glasses and glasses for spectacles in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by the Dominican Republic ($X), with a X% share of global imports. It was followed by Suriname, with a X% share.

In Mexico, watch glasses imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: the Dominican Republic (+X% per year) and Suriname (+X% per year).

Watch Glasses Import Prices by Country in Latin America and the Caribbean

In 2017, the watch glasses import price in Latin America and the Caribbean amounted to $X per unit, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2012, when it surged by X% against the previous year. Over the period under review, the import prices for clock or watch glasses and glasses for spectacles attained its peak figure level of $X per unit in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Mexico ($X per unit), while Ecuador ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Mexico (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform