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World - Watches - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Watches - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jan 24, 2024

The Largest Import Markets for Watches

The world market for watches is a thriving industry, with several countries leading the way as major import markets. According to the IndexBox market intelligence platform, the top 10 countries in terms of import value of watches in 2022 are Hong Kong SAR, the United States, China, France, Germany, Japan, Singapore, Switzerland, the United Kingdom, and the United Arab Emirates.

1. Hong Kong SAR

Hong Kong SAR takes the top spot with an impressive import value of $6.3 billion in 2022. As a leading global financial hub, Hong Kong SAR has a strong consumer market for luxury goods, including watches. The city's reputation for quality and authenticity makes it an attractive destination for watch enthusiasts.

2. United States

The United States follows closely with an import value of $6.0 billion in 2022. The U.S. market for watches is robust, fueled by a large consumer base and a strong demand for luxury timepieces. The country's prosperous economy and high disposable income levels contribute to its status as a key player in the global watch import market.

3. China

China ranks third among the top import markets for watches, with an import value of $3.8 billion in 2022. The Chinese market is experiencing significant growth in the luxury goods segment, including watches, due to an expanding middle class with rising disposable incomes. The increasing demand for premium watches from Chinese consumers has propelled the country's position in the global market.

4. France

France holds the fourth position with an import value of $2.8 billion in 2022. The country's rich history and cultural appreciation for craftsmanship make it a significant market for luxury watches. France is known for its iconic fashion brands and exquisite timepieces, attracting both domestic and international customers.

5. Germany

Germany ranks fifth among the top import markets for watches, with an import value of $2.4 billion in 2022. German consumers have a strong affinity for high-quality and precision-engineered products, making watches an important part of the country's import market. Germany is also home to several renowned watch brands, adding to its significance in the industry.

6. Japan

Japan takes the sixth spot with an import value of $2.3 billion in 2022. Known for its appreciation of technology and precision, the Japanese market for watches is thriving. Japanese consumers have a penchant for both traditional and innovative timepieces, contributing to the country's position as a major import market.

7. Singapore

Singapore shares the sixth spot with Japan, also recording an import value of $2.3 billion in 2022. The country's strategic location and status as a regional trade and financial hub make it an attractive destination for the watch industry. Singapore's affluent population and cosmopolitan nature create a favorable market for luxury watches.

8. Switzerland

Switzerland, renowned for its watchmaking heritage, ranks eighth among the world's top import markets for watches, with an import value of $2.1 billion in 2022. The country's reputation for precision, craftsmanship, and luxury timepieces has solidified its position in the global market. Swiss watches are coveted for their quality and timeless appeal.

9. United Kingdom

The United Kingdom holds the ninth spot with an import value of $1.9 billion in 2022. The UK's strong luxury goods market and consumer demand for premium watches contribute to its significance as an import market. The country's historical ties to horology and its vibrant retail sector make it an attractive destination for watch enthusiasts.

10. United Arab Emirates

The United Arab Emirates (UAE) also records an import value of $1.9 billion in 2022, securing the tenth position. The UAE, particularly Dubai, is known for its opulent lifestyle and luxury shopping destinations. The country's thriving tourism industry and high-net-worth individuals create a lucrative market for luxury watches, driving its import value.

In conclusion, the world's best import markets for watches are diverse and reflect the global demand for luxury timepieces. Hong Kong SAR, the United States, China, France, Germany, Japan, Singapore, Switzerland, the United Kingdom, and the United Arab Emirates lead the way in terms of import value. These countriesstrong economies, consumer preferences, and cultural appreciation for craftsmanship contribute to their prominent positions in the global watch market.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global watch market. 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 26521100 - Wrist-watches, pocket-watches, with case of precious metal or of metal clad with precious metal
  • Prodcom 26521200 - Other wrist-watches, pocket-watches and other watches, i ncluding stop-watches

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Ralph Lauren, Fossil Group, Citizen, Casio, Patek Philippe, Audemars Piguet, Rolex, Chopard, Breitling, Franck Muller, American Watch Company, Montrichard Group, Weiss Watch Company, Keaton Myrick, Vortic, DuFrane, RGM, Pelton, Kobold, Shinola, Throne, Detroit Watch Company, Talley & Twine, Charriol, Breitling SA, 88 Rue du Rhone, A. Favre & Fils, Abraham-Louis Perrelet, Allgemeine Gesellschaft der Schweizerischen Uhrenindustrie, Alpina Watches, Andreas Strehler, Arcadia Watches, Armand Nicolet, Audemars Piguet, Baume et Mercier, Bedat & Co, Blanchet, Blancpain, Brand, Carl F. Bucherer, Catorex Cecil Purnell, Century Time Gems, Certina Kurth Frères, Charriol, Chopard Christian, Jacques, Chronoswiss, Corum, Cyma Watches, Czapek & Cie, Daniel Roth, De Grisogono, Ebel, Eberhard & Co., Endura Watch Factory, Era Watch Company, Ernest Borel, ETA SA, Eterna F. P. Journe, Favre-Leuba, Franck Muller, Frédérique Constant, Gallet & Co., General Watch Co, Girard-Perregaux, Glycine watch, Greubel Forsey, Grovana Watch, Hanowa, Hublot HYT, International Watch Company, Jaeger-LeCoultre, Jean Perret, Jovial, Juvenia, Movements, Longines, Luminox Maitres du Temps, Manufacture Modules Technologies (MMT), Manufacture royale, Mathey-Tissot, Maurice Lacroix, MB&F, Mb-microtec, Mido, Mouawad Ollech & Wajs, Omega SA, Oris, Parmigiani Fleurier, Patek Philippe & Co., Piaget SA, Rado, Raymond Weil, Ribordy Watches Richard Mille, Richemont, Roamer, Roger Dubuis, Rolex, Romain Gauthier Ronda, Rotary Watches, Sandoz watches, Schwarz Etienne Sowind Group, Speake-Marin, TAG Heuer, The Swatch Group, Tissot Titoni, Tudor Watches, Ulysse Nardin, Universal Genève, Urwerk, Vacheron Constantin, Valbray Waltham International, West End Watch Co., Zenith, Zeno-Watch Basel, Zodiac Watches

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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