South-Eastern Asia: Rough Watch Movements Market 2025

Rough Watch Movements Market Size in South-Eastern Asia

The Southeast Asian rough watch movements market fell modestly to $X in 2021, standing approx. at the previous year. In general, consumption showed a strong expansion. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Rough Watch Movements Production in South-Eastern Asia

In value terms, rough watch movements production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 3.5%. As a result, production reached the peak level of $X, and then reduced modestly in the following year.

Rough Watch Movements Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of rough watch movements decreased by -6.9% to X units, falling for the second consecutive year after two years of growth. In general, exports saw a significant decrease. The pace of growth was the most pronounced in 2015 when exports increased by 1,515% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, rough watch movements exports soared to $X in 2021. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 4,975%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand prevails in exports structure, reaching X units, which was near 89% of total exports in 2021. It was distantly followed by Singapore (X units), making up a 9.8% share of total exports.

Thailand was also the fastest-growing in terms of the rough watch movements exports, with a CAGR of -14.3% from 2012 to 2021. Singapore (-49.2%) illustrated a downward trend over the same period. Thailand (+81 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -82.5% from 2012 to 2021, respectively.

In value terms, Singapore ($X) remains the largest rough watch movements supplier in South-Eastern Asia, comprising 99% of total exports. The second position in the ranking was held by Thailand ($X), with a 0.9% share of total exports.

In Singapore, rough watch movements exports increased at an average annual rate of +11.1% over the period from 2012-2021.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, picking up by 517% against the previous year. Overall, the export price showed a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while Thailand amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+118.8%).

Rough Watch Movements Imports

Imports in South-Eastern Asia

After two years of decline, purchases abroad of rough watch movements increased by 140% to X units in 2021. Overall, imports, however, continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 527% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, rough watch movements imports soared to $X in 2021. Over the period under review, imports recorded a resilient increase. The growth pace was the most rapid in 2013 with an increase of 641%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Indonesia represented the major importing country with an import of around X units, which amounted to 69% of total imports. It was distantly followed by Singapore (X units), achieving a 21% share of total imports. Myanmar (X units), the Philippines (X units) and Malaysia (X units) followed a long way behind the leaders.

Imports into Indonesia decreased at an average annual rate of -1.8% from 2012 to 2021. At the same time, the Philippines (+29.3%) and Myanmar (+15.8%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +29.3% from 2012-2021. By contrast, Singapore (-1.4%) and Malaysia (-9.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Philippines and Myanmar increased by +3.2 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported rough watch movements in South-Eastern Asia, comprising 50% of total imports. The second position in the ranking was held by Indonesia ($X), with a 13% share of total imports. It was followed by the Philippines, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Singapore amounted to +13.1%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+38.0% per year) and the Philippines (+38.8% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, waning by -39.1% against the previous year. In general, the import price, however, showed resilient growth. The pace of growth was the most pronounced in 2016 when the import price increased by 202% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2020, and then declined significantly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Philippines ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+40.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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