Hungary - Precious Metal Watches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrecious Metal Watch Price in Hungary - 2023
Contents:
- Precious Metal Watch Price in Hungary (CIF) - 2022
- Precious Metal Watch Price in Hungary (FOB) - 2022
- Precious Metal Watch Imports in Hungary
- Precious Metal Watch Exports in Hungary
Precious Metal Watch Price in Hungary (CIF) - 2022
The average precious metal watch import price stood at $739 per unit in 2022, picking up by 269% against the previous year. Over the period under review, the import price saw a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($2,672 per unit), while the price for Romania ($15 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Precious Metal Watch Price in Hungary (FOB) - 2022
The average precious metal watch export price stood at $374 per unit in 2022, rising by 2.9% against the previous year. Over the period under review, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 101% against the previous year. The export price peaked at $624 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
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 Germany ($2,048 per unit), while the average price for exports to Romania ($78 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 Romania (+12.9%), while the prices for the other major destinations experienced a decline.
Precious Metal Watch Imports in Hungary
In 2022, approx. 14K units of precious metal watches were imported into Hungary; with a decrease of -78.6% on 2021 figures. In general, imports saw a dramatic contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 87%. As a result, imports attained the peak of 66K units, and then contracted notably in the following year.
In value terms, precious metal watch imports fell notably to $10M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 65% against the previous year. As a result, imports attained the peak of $13M, and then fell dramatically in the following year.
Import of Precious Metal Watch in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Switzerland | 4,895 | 3,147 | 5,640 | 7,274 | 14.1% |
Italy | 446 | 1,706 | 1,942 | 2,234 | 71.1% |
Slovakia | 1,639 | 1,448 | 3,062 | 272 | -45.0% |
Czech Republic | 421 | 636 | 878 | 126 | -33.1% |
United Kingdom | 1.2 | 6.0 | 45.2 | 61.0 | 270.4% |
Japan | 5.2 | 10.0 | 17.8 | 46.4 | 107.4% |
China | 154 | 188 | 4.1 | 35.0 | -39.0% |
Germany | 219 | 285 | 361 | 24.6 | -51.8% |
Hong Kong SAR | 10.0 | 7.1 | 12.0 | 11.3 | 4.2% |
Spain | 49.8 | 100 | N/A | N/A | 100.8% |
Others | 466 | 488 | 1,254 | 339 | -10.1% |
Total | 8,306 | 8,021 | 13,216 | 10,424 | 7.9% |
Top Suppliers of Precious Metal Watch to Hungary in 2022:
- Slovakia (3.1K units)
- Switzerland (2.7K units)
- Italy (1.6K units)
- China (1.6K units)
- United Kingdom (1.2K units)
- Czech Republic (1.1K units)
- Hong Kong SAR (0.7K units)
- Japan (0.3K units)
- Germany (0.2K units)
Precious Metal Watch Exports in Hungary
Precious metal watch exports from Hungary fell notably to 1.7K units in 2022, dropping by -82.8% on 2021 figures. Over the period under review, exports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 69%. As a result, the exports reached the peak of 9.6K units, and then dropped significantly in the following year.
In value terms, precious metal watch exports dropped dramatically to $617K in 2022. In general, exports showed a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 92%. As a result, the exports attained the peak of $3.5M, and then dropped dramatically in the following year.
Export of Precious Metal Watch in Hungary (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Slovakia | 411 | 614 | 624 | 102 | -37.2% |
Germany | 40.1 | 6.0 | 1,059 | 67.6 | 19.0% |
Czech Republic | 238 | 258 | 329 | 48.6 | -41.1% |
France | 0.2 | N/A | 22.0 | 34.9 | 458.8% |
Iraq | N/A | 19.1 | 17.0 | 20.8 | 4.4% |
Netherlands | N/A | 0.1 | 218 | 13.1 | 1044.6% |
Romania | 7.2 | 10.4 | 158 | 12.4 | 19.9% |
Italy | 114 | 4.6 | 1.6 | 1.2 | -78.1% |
Singapore | 198 | 19.9 | N/A | N/A | -89.9% |
Ghana | N/A | 1.0 | N/A | N/A | 0% |
Others | 1,901 | 889 | 1,069 | 316 | -45.0% |
Total | 2,911 | 1,823 | 3,496 | 617 | -40.4% |
Top Export Markets for Precious Metal Watch from Hungary in 2022:
- Slovakia (562.0 units)
- Czech Republic (442.0 units)
- Iraq (181.0 units)
- Romania (158.0 units)
- Netherlands (44.0 units)
- France (41.0 units)
- Germany (33.0 units)
- Italy (11.0 units)
This report provides an in-depth analysis of the precious metal watch market in Hungary. 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:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- 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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