Report Update Nov 1, 2024

Republic of Korea - Rough Watch Movements - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Rough Watch Movements Market 2024

Rough Watch Movements Market Size in Republic of Korea

In 2021, the South Korean rough watch movements market decreased by -46.3% to $X for the first time since 2011, thus ending a nine-year rising trend. Overall, consumption, however, enjoyed a significant expansion. Rough watch movements consumption peaked at $X in 2020, and then fell remarkably in the following year.

Rough Watch Movements Production in Republic of Korea

In value terms, rough watch movements production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 18%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Rough Watch Movements Exports

Exports from Republic of Korea

In 2021, overseas shipments of rough watch movements increased by 600% to X units, rising for the third year in a row after three years of decline. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rough watch movements exports surged to $X in 2021. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 4,717% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Switzerland (X units) was the main destination for rough watch movements exports from South Korea, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Switzerland totaled +20.2%.

In value terms, Switzerland ($X) also remains the key foreign market for rough watch movements exports from South Korea.

From 2012 to 2021, the average annual growth rate of value to Switzerland stood at +56.4%.

Export Prices by Country

The average rough watch movements export price stood at $X per unit in 2021, reducing by -39.6% against the previous year. In general, the export price, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 1,506% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020, and then contracted sharply in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Switzerland amounted to +30.1% per year.

Rough Watch Movements Imports

Imports into Republic of Korea

In 2021, after two years of growth, there was significant decline in supplies from abroad of rough watch movements, when their volume decreased by -45.1% to X units. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 355%. Over the period under review, imports attained the maximum at X units in 2020, and then fell markedly in the following year.

In value terms, rough watch movements imports declined sharply to $X in 2021. In general, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2017 when imports increased by 718%. Over the period under review, imports reached the peak figure at $X in 2020, and then reduced notably in the following year.

Imports by Country

In 2021, China (X units) was the main supplier of rough watch movements to South Korea, with a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +81.4%.

In value terms, the UK ($X) constituted the largest supplier of rough watch movements to South Korea, comprising 16% of total imports. The second position in the ranking was held by China ($X), with a 0.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at +81.7%.

Import Prices by Country

The average rough watch movements import price stood at $X per unit in 2021, picking up by 14% against the previous year. Over the period under review, the import price posted resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 291% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +251.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rough watch movements in the world?

The country with the largest volume of rough watch movements consumption was South Korea, accounting for 55% of total volume. Moreover, rough watch movements consumption in South Korea exceeded the figures recorded by the second-largest consumer, Israel, fivefold. The third position in this ranking was occupied by Japan, with a 5.9% share.

What are the largest producers of rough watch movements in the world?

The countries with the highest volumes of rough watch movements production in 2021 were Japan, Switzerland and China, with a combined 84% share of global production.

What are the leading suppliers of rough watch movements to Republic of Korea?

In value terms, the largest rough watch movements suppliers to South Korea were the United States, Switzerland and the UK, with a combined 100% share of total imports.

What are the leading importers of rough watch movements from Republic of Korea?

In value terms, Switzerland remains the key foreign market for rough watch movements exports from South Korea.

What is the average export price for rough watch movements in Republic of Korea?

In 2021, the average rough watch movements export price amounted to $284 per unit, growing by 7.6% against the previous year.

What is the average import price for rough watch movements in Republic of Korea?

The average rough watch movements import price stood at $0.8 per unit in 2021, rising by 5.2% against the previous year.

This report provides an in-depth analysis of the rough watch movements market in Republic of Korea. 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 26522400 - Rough watch movements

Country coverage:

South Korea

Data coverage:

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