Middle East: Market for Plastic or Non-Precious Metal Watches 2025

Market Size for Plastic or Non-Precious Metal Watches in the Middle East

The Middle Eastern market for plastic or non-precious metal watches reduced to $X in 2022, waning by -2.2% against the previous year. Over the period under review, consumption continues to indicate a mild slump. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Plastic or Non-Precious Metal Watches in the Middle East

In value terms, plastic or non-precious metal watch production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume decreased by 99.9%. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the immediate term.

Exports of Plastic or Non-Precious Metal Watches

Exports in the Middle East

In 2022, approx. X units of plastic or non-precious metal watches were exported in the Middle East; which is down by -16.9% against 2021 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 74% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, plastic or non-precious metal watch exports surged to $X in 2022. Overall, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 55%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X units) and Israel (X units) represented roughly 71% of total exports in 2022. It was distantly followed by Turkey (X units), generating a 23% share of total exports. Bahrain (X units) and Lebanon (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bahrain (with a CAGR of +23.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest plastic or non-precious metal watch supplying countries in the Middle East were the United Arab Emirates ($X), Bahrain ($X) and Israel ($X), with a combined 87% share of total exports.

Bahrain, with a CAGR of +53.9%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, jumping by 40% against the previous year. Over the period under review, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 55%. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in years to come.

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 Bahrain ($X per unit), while Israel ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+24.6%), while the other leaders experienced more modest paces of growth.

Imports of Plastic or Non-Precious Metal Watches

Imports in the Middle East

In 2022, plastic or non-precious metal watch imports in the Middle East dropped significantly to X units, reducing by -21% compared with the previous year's figure. Overall, imports showed a deep slump. The growth pace was the most rapid in 2021 when imports increased by 45%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, plastic or non-precious metal watch imports fell to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the main importer of plastic or non-precious metal watches in the Middle East, with the volume of imports recording X units, which was approx. 40% of total imports in 2022. Turkey (X units) ranks second in terms of the total imports with a 15% share, followed by Saudi Arabia (14%), Qatar (8%), Israel (6.3%) and Lebanon (5.6%). The following importers - Iraq (X units) and Iran (X units) - together made up 4.6% of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -7.9% from 2012 to 2022. At the same time, Qatar (+22.8%), Iraq (+4.9%), Israel (+2.5%) and Lebanon (+2.5%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +22.8% from 2012-2022. By contrast, Turkey (-7.0%), Iran (-10.7%) and Saudi Arabia (-15.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Qatar, Israel, Lebanon and Iraq increased by +7.5, +4, +3.6 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported plastic or non-precious metal watches in the Middle East, comprising 46% of total imports. The second position in the ranking was held by Turkey ($X), with a 13% share of total imports. It was followed by Qatar, with an 11% share.

In the United Arab Emirates, plastic or non-precious metal watch imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+1.7% per year) and Qatar (+9.0% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, growing by 23% against the previous year. Overall, the import price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of 53% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in years to come.

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 Qatar ($X per unit), while Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform