MERCOSUR: Market for Plastic or Non-Precious Metal Watches 2025

Exports of Plastic or Non-Precious Metal Watches

Exports in MERCOSUR

In 2022, overseas shipments of plastic or non-precious metal watches were finally on the rise to reach X units after two years of decline. In general, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 222%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic or non-precious metal watch exports reduced notably to $X in 2022. Over the period under review, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 35%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Brazil (X units) represented the major exporter of plastic or non-precious metal watches, making up 57% of total exports. It was distantly followed by Colombia (X units), Chile (X units) and Peru (X units), together creating a 31% share of total exports. Argentina (X units), Venezuela (X units) and Paraguay (X units) held a little share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of plastic or non-precious metal watches. At the same time, Argentina (+15.1%) and Colombia (+2.1%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +15.1% from 2012-2022. By contrast, Paraguay (-1.2%), Peru (-7.0%), Venezuela (-11.1%) and Chile (-16.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Colombia and Argentina increased by +25, +6.1 and +3.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest plastic or non-precious metal watch supplying countries in MERCOSUR were Colombia ($X), Chile ($X) and Argentina ($X), together accounting for 77% of total exports. Peru, Brazil, Paraguay and Venezuela lagged somewhat behind, together accounting for a further 21%.

Among the main exporting countries, Paraguay, 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 export price in MERCOSUR stood at $X per unit in 2022, falling by -34.6% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 119% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 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 Argentina ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+16.5%), while the other leaders experienced more modest paces of growth.

Imports of Plastic or Non-Precious Metal Watches

Imports in MERCOSUR

In 2022, plastic or non-precious metal watch imports in MERCOSUR contracted to X units, shrinking by -15% on 2021 figures. In general, imports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2021 with an increase of 55%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, plastic or non-precious metal watch imports reduced to $X in 2022. Overall, imports showed a pronounced contraction. The pace of growth was the most pronounced in 2021 with an increase of 39%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Paraguay represented the largest importer of plastic or non-precious metal watches in MERCOSUR, with the volume of imports reaching X units, which was near 52% of total imports in 2022. Chile (X units) ranks second in terms of the total imports with a 15% share, followed by Argentina (14%), Peru (5.7%), Colombia (4.9%) and Brazil (4.5%).

Paraguay was also the fastest-growing in terms of the plastic or non-precious metal watches imports, with a CAGR of +23.7% from 2012 to 2022. At the same time, Chile (+6.1%) and Argentina (+3.4%) displayed positive paces of growth. By contrast, Peru (-2.1%), Colombia (-4.2%) and Brazil (-15.3%) illustrated a downward trend over the same period. While the share of Paraguay (+44 p.p.) and Chile (+4.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Peru (-3.6 p.p.), Colombia (-5.1 p.p.) and Brazil (-26.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X), Brazil ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2022, together comprising 57% of total imports. Paraguay, Argentina and Peru lagged somewhat behind, together accounting for a further 33%.

Among the main importing countries, Paraguay, with a CAGR of +7.5%, 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 a decline in the imports figures.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, growing by 6.7% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 when the import price increased by 31%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+13.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform