Sri Lanka - Precious Metal Watches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrecious Metal Watch Price in Sri Lanka - 2021
Contents:
- Precious Metal Watch Price in Sri Lanka (CIF) - 2022
- Precious Metal Watch Price in Sri Lanka (FOB) - 2022
- Precious Metal Watch Imports in Sri Lanka
- Precious Metal Watch Exports in Sri Lanka
Precious Metal Watch Price in Sri Lanka (CIF) - 2022
In 2022, the average precious metal watch import price amounted to $237 per unit, growing by 11% against the previous year. Over the period under review, the import price saw a strong expansion. The growth pace was the most rapid in 2019 when the average import price increased by 416%. Over the period under review, average import prices reached the maximum at $346 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($4,115 per unit), while the price for China ($17 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Precious Metal Watch Price in Sri Lanka (FOB) - 2022
In 2022, the average precious metal watch export price amounted to $49 per unit, shrinking by -84% against the previous year. Overall, the export price faced a abrupt setback. The pace of growth was the most pronounced in 2014 when the average export price increased by 149%. The export price peaked at $310 per unit in 2021, and then shrank sharply in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($681 per unit), while the average price for exports to Australia ($3.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+6.6%), while the prices for the other major destinations experienced a decline.
Precious Metal Watch Imports in Sri Lanka
Precious metal watch imports into Sri Lanka fell markedly to 23K units in 2022, dropping by -45.3% on the year before. In general, imports, however, posted a notable increase. The growth pace was the most rapid in 2021 with an increase of 147% against the previous year. As a result, imports attained the peak of 43K units, and then fell sharply in the following year.
In value terms, precious metal watch imports shrank remarkably to $5.5M in 2022. Overall, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 97% against the previous year. As a result, imports attained the peak of $9.2M, and then reduced dramatically in the following year.
| Import of Precious Metal Watch in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 2.9 | 4.1 | 6.4 | 3.8 | 9.4% |
| Hong Kong SAR | N/A | N/A | 1.2 | 1.3 | 8.3% |
| United Arab Emirates | 0.3 | 0.2 | 0.7 | 0.1 | -30.7% |
| China | 0.2 | 0.2 | 0.3 | 0.1 | -20.6% |
| India | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.5 | 0.2 | 41.4% |
| Total | 3.5 | 4.6 | 9.2 | 5.5 | 16.3% |
Top Suppliers of Precious Metal Watch to Sri Lanka in 2022:
- Hong Kong SAR (13.2K units)
- China (7.0K units)
- India (1.0K units)
- Switzerland (0.9K units)
- United Arab Emirates (0.8K units)
Precious Metal Watch Exports in Sri Lanka
In 2022, the amount of precious metal watches exported from Sri Lanka soared to 26K units, increasing by 4,277% on the previous year's figure. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, precious metal watch exports skyrocketed to $1.3M in 2022. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Precious Metal Watch in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 86.4 | 318 | 183 | 851 | 114.4% |
| Singapore | N/A | N/A | N/A | 247 | 0% |
| Australia | N/A | N/A | N/A | 62.1 | 0% |
| Maldives | N/A | 24.7 | N/A | N/A | 0% |
| Others | 2.6 | 10.5 | 0.5 | 120 | 258.7% |
| Total | 89.0 | 353 | 183 | 1,281 | 143.3% |
Top Export Markets for Precious Metal Watch from Sri Lanka in 2022:
- Australia (16.4K units)
- Singapore (8.0K units)
- Hong Kong SAR (1.3K units)
This report provides an in-depth analysis of the precious metal watch market in Sri Lanka. 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
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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