Australia - Precious Metal Watches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrecious Metal Watch Price in Australia - 2023
Contents:
- Precious Metal Watch Price in Australia (CIF) - 2022
- Precious Metal Watch Price in Australia (FOB) - 2022
- Precious Metal Watch Imports in Australia
- Precious Metal Watch Exports in Australia
Precious Metal Watch Price in Australia (CIF) - 2022
The average precious metal watch import price stood at $2,096 per unit in 2022, declining by -33.9% against the previous year. In general, the import price, however, posted a significant increase. The growth pace was the most rapid in 2019 when the average import price increased by 197% against the previous year. The import price peaked at $3,173 per unit in 2021, and then shrank markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($7,902 per unit), while the price for Hong Kong SAR ($92 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+33.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Precious Metal Watch Price in Australia (FOB) - 2022
The average precious metal watch export price stood at $1,617 per unit in 2022, picking up by 52% against the previous year. Over the period under review, the export price posted a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($18,987 per unit), while the average price for exports to the United States ($162 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 South Africa (+33.7%), while the prices for the other major destinations experienced more modest paces of growth.
Precious Metal Watch Imports in Australia
In 2022, overseas purchases of precious metal watches were finally on the rise to reach 171K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at 174K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, precious metal watch imports surged to $358M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Precious Metal Watch in Australia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Switzerland | 230 | 196 | 277 | 332 | 13.0% |
Hong Kong SAR | 0.4 | 0.2 | 0.6 | 9.4 | 186.4% |
China | 1.1 | 0.5 | 0.4 | 3.2 | 42.8% |
Germany | 5.2 | 3.1 | 4.2 | 2.9 | -17.7% |
United States | 1.1 | 1.1 | 2.0 | 1.7 | 15.6% |
Singapore | 0.4 | 0.4 | 1.5 | 1.6 | 58.7% |
Japan | 0.2 | 0.3 | 0.4 | 0.4 | 26.0% |
Others | 6.4 | 5.9 | 4.3 | 6.7 | 1.5% |
Total | 245 | 207 | 291 | 358 | 13.5% |
Top Suppliers of Precious Metal Watch to Australia in 2022:
- Hong Kong SAR (101.5K units)
- Switzerland (42.1K units)
- Germany (6.2K units)
- United States (4.2K units)
- Japan (4.1K units)
- Singapore (3.1K units)
- China (2.8K units)
Precious Metal Watch Exports in Australia
In 2022, the amount of precious metal watches exported from Australia contracted sharply to 56K units, with a decrease of -40.3% compared with the previous year's figure. In general, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 35%. As a result, the exports attained the peak of 93K units, and then contracted remarkably in the following year.
In value terms, precious metal watch exports dropped to $90M in 2022. The total export value increased at an average annual rate of +10.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. As a result, the exports attained the peak of $99M, and then fell in the following year.
Export of Precious Metal Watch in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hong Kong SAR | 21.9 | 26.3 | 44.2 | 35.8 | 17.8% |
Singapore | 18.8 | 29.9 | 26.4 | 32.2 | 19.6% |
New Zealand | 14.7 | 12.7 | 16.1 | 4.4 | -33.1% |
United States | 0.9 | 1.3 | 2.0 | 1.9 | 28.3% |
Fiji | 0.1 | N/A | 0.3 | 0.6 | 81.7% |
United Kingdom | 0.4 | 0.2 | 0.5 | 0.1 | -37.0% |
South Africa | 0.4 | 0.1 | N/A | N/A | -75.0% |
Others | 9.9 | 10.3 | 9.8 | 15.1 | 15.1% |
Total | 67.0 | 80.6 | 99.2 | 90.0 | 10.3% |
Top Export Markets for Precious Metal Watch from Australia in 2022:
- Hong Kong SAR (29.0K units)
- United States (11.9K units)
- New Zealand (8.9K units)
- Singapore (2.1K units)
- Fiji (0.9K units)
- United Kingdom (0.3K units)
This report provides an in-depth analysis of the precious metal watch market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
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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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Over the review period, Watch imports peaked at 8.2M units in 2013, but from 2014 to 2023, they remained slightly lower. In terms of value, Watch imports surged to $748M in 2023.
In May 2023, the Ginger price reached $4,144 per ton (CIF, Australia), recording a 4.6% increase compared to the previous month.
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