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Brazil - Precious Metal Watches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrecious Metal Watch Price in Brazil - 2023
Contents:
- Precious Metal Watch Price in Brazil (CIF) - 2022
- Precious Metal Watch Price in Brazil (FOB) - 2022
- Precious Metal Watch Imports in Brazil
- Precious Metal Watch Exports in Brazil
Precious Metal Watch Price in Brazil (CIF) - 2022
The average precious metal watch import price stood at $180 per unit in 2022, growing by 15% against the previous year. Over the period under review, the import price, however, recorded a mild downturn. The growth pace was the most rapid in 2014 an increase of 175%. As a result, import price reached the peak level of $513 per unit. From 2015 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($195 per unit), while the price for the United States ($4.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-2.6%), while the prices for the other major suppliers experienced a decline.
Precious Metal Watch Price in Brazil (FOB) - 2022
The average precious metal watch export price stood at $4,632 per unit in 2022, with an increase of 36% against the previous year. Overall, the export price saw a significant expansion. The pace of growth was the most pronounced in 2014 an increase of 587%. The export price peaked at $5,444 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($9,250 per unit), while the average price for exports to Switzerland ($3,412 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 (+46.6%), while the prices for the other major destinations experienced more modest paces of growth.
Precious Metal Watch Imports in Brazil
In 2022, imports of precious metal watches into Brazil surged to 47K units, jumping by 25% compared with 2021. The total import volume increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, precious metal watch imports soared to $8.4M in 2022. Overall, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 66% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
Import of Precious Metal Watch in Brazil (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Switzerland | 4.9 | 3.4 | 5.7 | 8.3 | 19.2% |
China | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
Hong Kong SAR | N/A | N/A | N/A | N/A | 0% |
United Arab Emirates | 0.1 | 0.1 | N/A | N/A | 0.0% |
Italy | N/A | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 5.1 | 3.5 | 5.9 | 8.4 | 18.1% |
Top Suppliers of Precious Metal Watch to Brazil in 2022:
- Italy (undefinedK units)
- Switzerland (42.6K units)
- China (3.3K units)
Precious Metal Watch Exports in Brazil
In 2022, overseas shipments of precious metal watches decreased by -70.6% to 456 units, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 226%. As a result, the exports attained the peak of 2.1K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, precious metal watch exports fell notably to $2.1M in 2022. Over the period under review, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2020 with an increase of 176% against the previous year. As a result, the exports reached the peak of $6.4M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Precious Metal Watch in Brazil (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1.1 | 5.3 | 4.0 | 2.0 | 22.1% |
Switzerland | 1.1 | 0.8 | 0.4 | 0.1 | -55.0% |
Hong Kong SAR | N/A | 0.3 | 0.8 | 0.1 | -42.3% |
Cuba | N/A | N/A | N/A | N/A | 0% |
Others | N/A | N/A | 0.1 | N/A | 0% |
Total | 2.3 | 6.4 | 5.3 | 2.1 | -3.0% |
Top Export Markets for Precious Metal Watch from Brazil in 2022:
- United States (429.0 units)
- Switzerland (17.0 units)
- Hong Kong SAR (8.0 units)
This report provides an in-depth analysis of the precious metal watch market in Brazil. 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:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- 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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