Report Update Nov 1, 2024

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

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Puerto Rico: Bracelet Market 2024

Bracelet Market Size in Puerto Rico

In 2021, after two years of decline, there was growth in the Puerto Rican bracelet market, when its value increased by 3.3% to $X. Overall, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -37.0% against 2018 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Bracelet Production in Puerto Rico

In value terms, bracelet production stood at $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 38% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Bracelet Exports

Exports by Country

In 2021, China (X tons) was the main exporter of watch straps, bands and bracelets, generating 58% of total exports. Hong Kong SAR (X tons) ranks second in terms of the total exports with an 18% share, followed by India (0.5%). Ireland (X tons), the UK (X tons), the Netherlands (X tons), France (X tons) and Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to bracelet exports from China stood at +9.9%. At the same time, Ireland (+85.0%), Vietnam (+31.9%), the UK (+28.2%), the Netherlands (+19.0%) and France (+6.9%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing exporter exported in the world, with a CAGR of +85.0% from 2012-2021. By contrast, Hong Kong SAR (-2.9%) and India (-27.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Ireland, the UK, the Netherlands and Vietnam increased by +20, +4.4, +2.8, +1.9 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bracelet supplying countries from Puerto Rico were France ($X), China ($X) and Hong Kong SAR ($X), with a combined 58% share of total exports.

In terms of the main exporting countries, China, with a CAGR of +15.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Bracelet Imports

Imports by Country

In 2021, Hong Kong SAR (X tons), Pakistan (X tons) and the United States (X tons) represented the key importer of watch straps, bands and bracelets in the world, creating 41% of total import. Indonesia (X tons) took the next position in the ranking, followed by South Korea (X tons). All these countries together took approx. 10% share of total imports. The following importers - the Netherlands (X tons), Switzerland (X tons), Vietnam (X tons), Germany (X tons), the UK (X tons), Brazil (X tons), the Philippines (X tons) and France (X tons) - together made up 20% of total imports.

From 2012 to 2021, the biggest increases were in Pakistan (with a CAGR of +38.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bracelet importing markets into Puerto Rico were Switzerland ($X), the United States ($X) and Hong Kong SAR ($X), together accounting for 46% of total imports. France, Vietnam, Germany, South Korea, the Netherlands, the UK, Brazil, the Philippines, Indonesia and Pakistan lagged somewhat behind, together accounting for a further 25%.

The Philippines, with a CAGR of +50.0%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The United States constituted the country with the largest volume of bracelet consumption, comprising approx. 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?

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 Puerto Rico?

In value terms, the largest bracelet importing markets into Puerto Rico were Switzerland, the United States and Hong Kong SAR, together comprising 47% of total imports. These countries were followed by China, Japan, the Netherlands, Brazil, the Philippines and Indonesia, which together accounted for a further 14%.

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

In value terms, China, Hong Kong SAR and the Netherlands were the countries with the highest levels of exports in 2021, together accounting for 37% of total exports.

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

In 2021, the export price in Puerto Rico amounted to less than $0.1 per ton, standing approx. at the previous year.

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

The import price in Puerto Rico stood at less than $0.1 per ton in 2021, flattening at the previous year.

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

Puerto Rico

Data coverage:

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