Central Asia: Market for Plastic or Non-Precious Metal Watches 2024

Exports of Plastic or Non-Precious Metal Watches

Exports in Central Asia

In 2022, after three years of growth, there was significant decline in shipments abroad of plastic or non-precious metal watches, when their volume decreased by X% to X units. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, plastic or non-precious metal watch exports reduced to $X in 2022. In general, exports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan represented the key exporter of plastic or non-precious metal watches in Central Asia, with the volume of exports amounting to X units, which was near X% of total exports in 2022. Kyrgyzstan (X units) ranks second in terms of the total exports with a X% share, followed by Uzbekistan (X%).

From 2012 to 2022, average annual rates of growth with regard to plastic or non-precious metal watch exports from Kazakhstan stood at X%. At the same time, Uzbekistan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. While the share of Kyrgyzstan (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest plastic or non-precious metal watch supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total exports.

In Kazakhstan, plastic or non-precious metal watch exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kyrgyzstan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced a decline in the export price figures.

Imports of Plastic or Non-Precious Metal Watches

Imports in Central Asia

In 2022, after two years of decline, there was significant growth in purchases abroad of plastic or non-precious metal watches, when their volume increased by X% to X units. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, plastic or non-precious metal watch imports surged to $X in 2022. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Kazakhstan represented the major importer of plastic or non-precious metal watches in Central Asia, with the volume of imports reaching X units, which was near X% of total imports in 2022. It was distantly followed by Kyrgyzstan (X units), making up a X% share of total imports. Uzbekistan (X units) followed a long way behind the leaders.

Kazakhstan was also the fastest-growing in terms of the plastic or non-precious metal watches imports, with a CAGR of X% from 2012 to 2022. At the same time, Uzbekistan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. From 2012 to 2022, the share of Kazakhstan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported plastic or non-precious metal watches in Central Asia, comprising X% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to X%. In the other countries, the average annual rates were as follows: Kyrgyzstan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform