Report Update Nov 1, 2024

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

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Vietnam: Bracelet Market 2024

Bracelet Market Size in Vietnam

In 2022, the Vietnamese bracelet market increased by 9.7% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Bracelet Production in Vietnam

In value terms, bracelet production fell remarkably to $X in 2022 estimated in export price. In general, production, however, recorded pronounced growth. The growth pace was the most rapid in 2019 with an increase of 142% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Bracelet Exports

Exports from Vietnam

In 2022, approx. X units of watch straps, bands and bracelets were exported from Vietnam; declining by -34.8% compared with 2021 figures. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2016 with an increase of 110%. Over the period under review, the exports attained the maximum at X units in 2021, and then plummeted in the following year.

In value terms, bracelet exports contracted dramatically to $X in 2022. Over the period under review, exports, however, posted a pronounced expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 131% against the previous year. As a result, the exports reached the peak of $X, and then reduced markedly in the following year.

Exports by Country

Myanmar (X units) was the main destination for bracelet exports from Vietnam, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Myanmar was relatively modest.

In value terms, Myanmar ($X) emerged as the key foreign market for watch straps, bands and bracelets exports from Vietnam.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar was relatively modest.

Export Prices by Country

The average bracelet export price stood at $X per unit in 2022, picking up by 9.9% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 21% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Cambodia amounted to +0.9% per year.

Bracelet Imports

Imports into Vietnam

In 2022, purchases abroad of watch straps, bands and bracelets decreased by -23.3% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded perceptible growth. The growth pace was the most rapid in 2015 with an increase of 2,014%. Over the period under review, imports hit record highs at X units in 2021, and then reduced dramatically in the following year.

In value terms, bracelet imports declined remarkably to $X in 2022. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 328%. Over the period under review, imports attained the peak figure at $X in 2021, and then fell dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of bracelet to Vietnam, accounting for a 68% share of total imports. Moreover, bracelet imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), fourfold. South Korea (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+72.5% per year) and South Korea (+129.4% per year).

In value terms, Singapore ($X) constituted the largest supplier of watch straps, bands and bracelets to Vietnam, comprising 68% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by South Korea, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore amounted to +77.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.0% per year) and South Korea (+129.4% per year).

Import Prices by Country

In 2022, the average bracelet import price amounted to $X per unit, growing by 9.4% against the previous year. In general, the import price recorded strong growth. The pace of growth appeared the most rapid in 2013 an increase of 368%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.6%), while the prices for the other major suppliers 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 remains the largest bracelet consuming country worldwide, accounting for 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 remains the largest bracelet producing country worldwide, 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 Vietnam?

In value terms, China constituted the largest supplier of bracelet to Vietnam, comprising 63% of total imports. The second position in the ranking was occupied by Singapore, with a 16% share of total imports. It was followed by Cambodia, with a 9.9% share.

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

In value terms, Thailand remains the key foreign market for bracelet exports from Vietnam, comprising 51% of total exports. The second position in the ranking was occupied by Japan, with an 11% share of total exports. It was followed by Cambodia, with a 7.6% share.

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

The average bracelet export price stood at $193,219 per ton in 2021, standing approx. at the previous year.

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

The average bracelet import price stood at $452,057 per ton in 2021, with a decrease of -9.8% against the previous year.

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

Vietnam

Data coverage:

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