Netherlands: Market for Plastic or Non-Precious Metal Watches 2024

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

In 2022, the Dutch market for plastic or non-precious metal watches increased by 29% to $X, rising for the second consecutive year after three years of decline. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +141.4% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Production of Plastic or Non-Precious Metal Watches in the Netherlands

In value terms, plastic or non-precious metal watch production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a abrupt shrinkage. Plastic or non-precious metal watch production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Plastic or Non-Precious Metal Watches

Exports from the Netherlands

In 2022, shipments abroad of plastic or non-precious metal watches increased by 3.5% to X units, rising for the seventh year in a row after two years of decline. In general, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.8% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 45%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, plastic or non-precious metal watch exports reached $X in 2022. Overall, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Germany (X units), France (X units) and the UK (X units) were the main destinations of plastic or non-precious metal watch exports from the Netherlands, with a combined 56% share of total exports. Italy, Spain, Belgium and Poland lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +30.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic or non-precious metal watch exported from the Netherlands were Germany ($X), France ($X) and the UK ($X), with a combined 53% share of total exports. Italy, Spain, Poland and Belgium lagged somewhat behind, together accounting for a further 22%.

Poland, with a CAGR of +46.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for plastic or non-precious metal watches amounted to $X per unit, increasing by 2.4% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 43%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic or Non-Precious Metal Watches

Imports into the Netherlands

In 2022, overseas purchases of plastic or non-precious metal watches increased by 5% to X units, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 33%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, plastic or non-precious metal watch imports soared to $X in 2022. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 46%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Hong Kong SAR (X units), China (X units) and Ireland (X units) were the main suppliers of plastic or non-precious metal watch imports to the Netherlands, with a combined 76% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +65.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), Switzerland ($X) and Hong Kong SAR ($X) appeared to be the largest plastic or non-precious metal watch suppliers to the Netherlands, together comprising 61% of total imports.

Among the main suppliers, Ireland, with a CAGR of +90.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for plastic or non-precious metal watches amounted to $X per unit, with an increase of 21% against the previous year. Overall, the import price saw a resilient increase. The growth pace was the most rapid in 2016 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform