Report Update Nov 1, 2024

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

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Pakistan: Bracelet Market 2024

Bracelet Market Size in Pakistan

The Pakistani bracelet market surged to $X in 2022, rising by 62% 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). Over the period under review, consumption showed a significant increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Bracelet Exports

Exports from Pakistan

In 2022, after two years of growth, there was significant decline in shipments abroad of watch straps, bands and bracelets, when their volume decreased by -12.1% to X units. Overall, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2014 when exports increased by 629%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, bracelet exports shrank markedly to $X in 2022. Over the period under review, exports, however, posted resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 980% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced notably in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for bracelet exports from Pakistan, with a 81% share of total exports. Moreover, bracelet exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X units), ninefold. The third position in this ranking was held by the United States (X units), with a 2% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +44.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-5.6% per year) and the United States (+11.0% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for watch straps, bands and bracelets exports from Pakistan, comprising 35% of total exports. The second position in the ranking was taken by the United States ($X), with a 13% share of total exports. It was followed by Canada, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +38.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+26.7% per year) and Canada (+66.8% per year).

Export Prices by Country

The average bracelet export price stood at $X per unit in 2022, shrinking by -16.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 57% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Qatar ($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 Canada (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.

Bracelet Imports

Imports into Pakistan

Bracelet imports into Pakistan surged to X units in 2022, rising by 69% on the year before. Overall, imports posted a significant increase. The growth pace was the most rapid in 2019 when imports increased by 315% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, bracelet imports soared to $X in 2022. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2019 when imports increased by 351% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X units) was the main bracelet supplier to Pakistan, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +48.0%.

In value terms, China ($X) constituted the largest supplier of watch straps, bands and bracelets to Pakistan.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +41.2%.

Import Prices by Country

In 2022, the average bracelet import price amounted to $X per thousand units, which is down by -12.4% against the previous year. Overall, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2019 an increase of 8.8% against the previous year. Over the period under review, average import prices hit record highs at $X per thousand units in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -4.6% per year.

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, comprising approx. 41% of total volume. Moreover, bracelet consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fivefold. Switzerland ranked third in terms of total consumption with a 5.2% share.

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

China constituted the country with the largest volume of bracelet production, 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 Pakistan?

In value terms, China constituted the largest supplier of bracelet to Pakistan, comprising 97% of total imports. The second position in the ranking was occupied by Vietnam, with a 0.4% share of total imports.

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

The average bracelet export price stood at $33,118 per ton in 2021, reducing by -22.2% against the previous year.

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

In 2021, the average bracelet import price amounted to $79,866 per ton, with a decrease of -18.4% against the previous year.

This report provides an in-depth analysis of the bracelet market in Pakistan. 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:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
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