Middle East: Assembled Watch Movements Market 2020

Assembled Watch Movements Market Size in Middle East

The revenue of the assembled watch movements market in Middle East amounted to $X in 2017, shrinking 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 assembled watch movements consumption continues to indicate a deep descent. The growth pace was the most rapid in 2010, when market value increased by X% against the previous year. Over the period under review, the assembled watch movements market reached its peak figure level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Assembled Watch Movements Exports in Middle East

In 2017, approx. X units of watch movements, complete and assembled were exported in Middle East; jumping by X% against the previous year. The assembled watch movements exports continue to indicate a strong growth. The most prominent rate of growth was recorded in 2011, with an increase of X% year-to-year. The volume of exports peaked in 2017, and are likely to see steady growth in the immediate term.

In value terms, assembled watch movements exports totaled $X in 2017. The assembled watch movements exports continue to indicate a remarkable increase. The level of exports peaked in 2017, and are expected to retain its growth in the immediate term.

Assembled Watch Movements Exports by Country in Middle East

In 2017, the United Arab Emirates (X units) was the major exporter for watch movements, complete and assembled, making up X% of total exports. Kuwait (X units) ranks second in terms of the global exports with a X% share, followed by Turkey (X%), Qatar (X%) and Israel (X%).

The United Arab Emirates was also the fastest growing in terms of the watch movements, complete and assembled exports, with a CAGR of +X% from 2007 to 2017. At the same time, Qatar (+X%), Turkey (+X%), Kuwait (+X%) and Israel (+X%) displayed positive paces of growth. While the share of Israel (-X%), Qatar (-X%), Turkey (-X%), Kuwait (-X%) and the United Arab Emirates (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest assembled watch movements supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Kuwait ($X), with a X% share of global exports. It was followed by Israel, with a X% share.

In the United Arab Emirates, assembled watch movements exports 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: Kuwait (+X% per year) and Israel (+X% per year).

Assembled Watch Movements Export Prices by Country in Middle East

The assembled watch movements export price in Middle East stood at $X per unit in 2017, waning by -X% against the previous year. The assembled watch movements export price continues to indicate a drastic deduction. The pace of growth was the most pronounced in 2015, an increase of X% against the previous year. Over the period under review, the export prices for watch movements, complete and assembled reached its maximum level of $X per unit in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Israel ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Turkey (+X% per year), while the other leaders experienced more modest paces of growth.

Assembled Watch Movements Imports in Middle East

In 2017, assembled watch movements imports in Middle East stood at X units, jumping by X% against the previous year. The total imports indicated a remarkable expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the assembled watch movements imports increased by +X% against 2014 indices. The growth pace was the most rapid in 2017, when it surged by X% year-to-year. In that year, the assembled watch movements imports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, assembled watch movements imports stood at $X in 2017. The total imports indicated a notable increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the assembled watch movements imports increased by +X% against 2015 indices. In that year, the assembled watch movements imports attained their peak level of $X. From 2014 to 2017, growth of the assembled watch movements imports failed to regain its momentum.

Assembled Watch Movements Imports by Country in Middle East

In 2017, the United Arab Emirates (X units) represented the largest importer for watch movements, complete and assembled, making up X% of total imports. It was distantly followed by Turkey (X units), creating X% share of total imports. The following importers - Saudi Arabia (X units) and Israel (X units) each recorded a X% share of total imports.

The United Arab Emirates was also the fastest growing in terms of the watch movements, complete and assembled imports, with a CAGR of +X% from 2007 to 2017. At the same time, Israel (+X%) displayed positive paces of growth. Saudi Arabia and Turkey experienced a relatively flat trend pattern. While the share of Israel (-X%) and the United Arab Emirates (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2017, together comprising X% of total imports.

Israel (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Assembled Watch Movements Import Prices by Country in Middle East

The assembled watch movements import price in Middle East stood at $X per thousand units in 2017, going down by -X% against the previous year. The assembled watch movements import price continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2013, an increase of X% against the previous year. The level of import price peaked of $X per thousand units in 2014; however, from 2015 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 Israel ($X per unit), while the United Arab Emirates ($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 Turkey (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform