Sweden - Precious Metal Watches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrecious Metal Watch Price in Sweden - 2023
Contents:
- Precious Metal Watch Price in Sweden (CIF) - 2022
- Precious Metal Watch Price in Sweden (FOB) - 2022
- Precious Metal Watch Imports in Sweden
- Precious Metal Watch Exports in Sweden
Precious Metal Watch Price in Sweden (CIF) - 2022
In 2022, the average precious metal watch import price amounted to $499 per unit, surging by 10% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, precious metal watch import price increased by +58.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 121%. As a result, import price reached the peak level of $817 per unit. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($1,679 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 Norway (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Precious Metal Watch Price in Sweden (FOB) - 2022
The average precious metal watch export price stood at $464 per unit in 2022, falling by -4.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 69%. As a result, the export price reached the peak level of $951 per unit. From 2018 to 2022, the average 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 the United States ($2,222 per unit), while the average price for exports to the UK ($45 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 Turkey (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.
Precious Metal Watch Imports in Sweden
Precious metal watch imports into Sweden declined to 118K units in 2022, falling by -5.9% compared with the previous year's figure. Over the period under review, imports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of 125K units, and then declined in the following year.
In value terms, precious metal watch imports expanded modestly to $59M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 70%. Imports peaked at $59M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Precious Metal Watch in Sweden (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Switzerland | 38.7 | 16.9 | 36.7 | 40.3 | 1.4% |
Italy | 4.7 | 4.7 | 7.1 | 4.9 | 1.4% |
Germany | 3.3 | 2.8 | 3.6 | 3.1 | -2.1% |
Latvia | 0.1 | N/A | N/A | 1.5 | 146.6% |
Denmark | 1.0 | 0.5 | 0.6 | 0.4 | -26.3% |
Lithuania | 0.3 | 0.1 | 0.4 | 0.3 | 0.0% |
China | 0.5 | 0.3 | 0.5 | 0.3 | -15.7% |
United Kingdom | 3.0 | 2.9 | 0.4 | 0.2 | -59.5% |
Hong Kong SAR | 0.2 | 0.4 | 0.1 | 0.1 | -20.6% |
Others | 7.8 | 4.9 | 7.2 | 7.7 | -0.4% |
Total | 59.5 | 33.4 | 56.7 | 58.7 | -0.5% |
Top Suppliers of Precious Metal Watch to Sweden in 2022:
- Switzerland (24.0K units)
- Latvia (20.8K units)
- China (15.1K units)
- Germany (11.0K units)
- Italy (9.3K units)
- Lithuania (9.0K units)
- Denmark (5.5K units)
- United Kingdom (2.6K units)
- Hong Kong SAR (1.8K units)
Precious Metal Watch Exports in Sweden
In 2022, the amount of precious metal watches exported from Sweden reduced remarkably to 36K units, which is down by -23.9% against the previous year's figure. Over the period under review, total exports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +3.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 78% against the previous year. As a result, the exports reached the peak of 47K units, and then declined markedly in the following year.
In value terms, precious metal watch exports shrank rapidly to $17M in 2022. In general, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 68% against the previous year. As a result, the exports attained the peak of $23M, and then shrank notably in the following year.
Export of Precious Metal Watch in Sweden (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 3.6 | 3.0 | 7.5 | 6.4 | 21.1% |
Hong Kong SAR | 6.8 | 4.4 | 8.0 | 4.2 | -14.8% |
Switzerland | 2.6 | 1.9 | 1.6 | 1.5 | -16.8% |
Norway | 1.2 | 1.2 | 0.9 | 0.8 | -12.6% |
Netherlands | 0.3 | 0.4 | 0.9 | 0.6 | 26.0% |
Turkey | N/A | 0.1 | N/A | 0.5 | 123.6% |
United Kingdom | 0.1 | N/A | 0.6 | 0.3 | 44.2% |
Denmark | N/A | 0.1 | 0.9 | 0.2 | 41.4% |
Poland | 0.9 | 0.6 | 0.5 | 0.2 | -39.4% |
Germany | N/A | 0.2 | 0.1 | 0.2 | 0.0% |
Belgium | 0.1 | 0.3 | 0.1 | 0.2 | 26.0% |
Finland | N/A | N/A | N/A | 0.1 | 0% |
Spain | N/A | 0.1 | N/A | 0.1 | 0.0% |
Others | 3.9 | 1.5 | 1.9 | 1.4 | -28.9% |
Total | 19.7 | 13.8 | 23.1 | 16.7 | -5.4% |
Top Export Markets for Precious Metal Watch from Sweden in 2022:
- United Kingdom (7.5K units)
- Norway (4.6K units)
- Turkey (3.2K units)
- United States (2.9K units)
- Netherlands (2.7K units)
- Poland (2.4K units)
- Hong Kong SAR (2.0K units)
- Germany (1.7K units)
- Denmark (1.3K units)
- Finland (1.3K units)
- Switzerland (1.1K units)
- Belgium (1.0K units)
- Spain (0.8K units)
This report provides an in-depth analysis of the precious metal watch market in Sweden. 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:
- Sweden
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sweden
- 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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