Report Update Nov 1, 2024

Myanmar - Watch Straps, Bands and Bracelets - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Myanmar: Bracelet Market 2024

Bracelet Market Size in Myanmar

The Myanmar's bracelet market shrank modestly to $X in 2022, remaining constant against the previous year. Overall, consumption, however, faced a precipitous slump. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Bracelet Production in Myanmar

In value terms, bracelet production totaled $X in 2022 estimated in export price. In general, production posted a resilient expansion. The growth pace was the most rapid in 2018 when the production volume increased by 55%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Bracelet Exports

Exports from Myanmar

In 2022, approx. X units of watch straps, bands and bracelets were exported from Myanmar; with an increase of 28% compared with the year before. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 142,299%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, bracelet exports amounted to $X in 2022. The total export value increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 13%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for bracelet exports from Myanmar, with a approx. 99.9% share of total exports.

From 2019 to 2022, the average annual growth rate of volume to China totaled +1,474.2%.

In value terms, China ($X) also remains the key foreign market for watch straps, bands and bracelets exports from Myanmar.

From 2019 to 2022, the average annual growth rate of value to China stood at +53.4%.

Export Prices by Country

In 2022, the average bracelet export price amounted to $X per unit, waning by -18.2% against the previous year. Over the period under review, the export price saw a sharp reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 42%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2019 to 2022, the rate of growth in terms of prices for China amounted to -90.3% per year.

Bracelet Imports

Imports into Myanmar

In 2022, imports of watch straps, bands and bracelets into Myanmar skyrocketed to X units, with an increase of 53% on the previous year. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2017 with an increase of 462%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, bracelet imports skyrocketed to $X in 2022. Overall, imports showed a significant increase. The growth pace was the most rapid in 2017 when imports increased by 883%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Thailand (X units) and Singapore (X units) were the main suppliers of bracelet imports to Myanmar, together comprising 100% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +20.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Thailand ($X) and Singapore ($X) constituted the largest bracelet suppliers to Myanmar, with a combined 95% share of total imports.

China, with a CAGR of +3.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average bracelet import price amounted to less than $X per unit, waning by -17.2% against the previous year. In general, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 539% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Thailand (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+14.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for watch straps, bands and bracelets in the world?

The country with the largest volume of bracelet consumption was the United States, accounting for 41% of total volume. Moreover, bracelet consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fivefold. The third position in this ranking was occupied by Switzerland, with a 5.2% share.

What are the largest producers of watch straps, bands and bracelets in the world?

The country with the largest volume of bracelet production was China, comprising approx. 63% of total volume. Moreover, bracelet production in China exceeded the figures recorded by the second-largest producer, Hong Kong SAR, more than tenfold. The third position in this ranking was occupied by India, with a 3.3% share.

What are the leading suppliers of watch straps, bands and bracelets to Myanmar?

In value terms, China constituted the largest supplier of bracelet to Myanmar, comprising 66% of total imports. The second position in the ranking was occupied by Singapore, with a 19% share of total imports. It was followed by Hong Kong SAR, with a 12% share.

What are the leading importers of watch straps, bands and bracelets from Myanmar?

In value terms, Hong Kong SAR remains the key foreign market for bracelet exports from Myanmar.

What is the average export price for watch straps, bands and bracelets in Myanmar?

The average bracelet export price stood at $130,411 per ton in 2021, reducing by -32.4% against the previous year.

What is the average import price for watch straps, bands and bracelets in Myanmar?

In 2021, the average bracelet import price amounted to $136,797 per ton, increasing by 1,975% against the previous year.

This report provides an in-depth analysis of the bracelet market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 15121300 - Watch straps, bands, bracelets and parts thereof (including of leather, composition leather or plastic, excluding of precious metal, metal or base metal clad/plated with precious metal)

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023