Ireland - Watches - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWatch Price in Ireland - 2023
Contents:
- Watch Price in Ireland (CIF) - 2022
- Watch Price in Ireland (FOB) - 2022
- Watch Imports in Ireland
- Watch Exports in Ireland
Watch Price in Ireland (CIF) - 2022
The average watch import price stood at $305 per unit in 2022, rising by 37% against the previous year. Overall, the import price showed a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 283% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
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 ($2,373 per unit), while the price for China ($23 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Watch Price in Ireland (FOB) - 2022
The average watch export price stood at $296 per unit in 2022, reducing by -40.6% against the previous year. Overall, the export price, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2020 an increase of 268%. Over the period under review, the average export prices reached the peak figure at $498 per unit in 2021, and then shrank notably in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($4,931 per unit), while the average price for exports to the UK ($24 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 Switzerland (+48.2%), while the prices for the other major destinations experienced more modest paces of growth.
Watch Imports in Ireland
In 2022, the amount of watches imported into Ireland reduced to 901K units, dropping by -8% compared with 2021. In general, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Over the period under review, imports attained the peak figure at 1M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, watch imports surged to $274M in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 199% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Watch in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 27.5 | 141 | 174 | 236 | 104.7% |
| China | 12.3 | 1.4 | 16.3 | 11.5 | -2.2% |
| United Kingdom | 20.1 | 47.2 | 6.5 | 5.5 | -35.1% |
| Germany | 1.0 | 3.2 | 4.1 | 4.8 | 68.7% |
| Hong Kong SAR | 0.3 | 0.1 | 0.7 | 0.5 | 18.6% |
| Others | 5.0 | 5.4 | 16.1 | 16.2 | 48.0% |
| Total | 66.3 | 198 | 217 | 274 | 60.5% |
Top Suppliers of Watch to Ireland in 2022:
- China (501.2K units)
- Germany (134.7K units)
- Switzerland (99.4K units)
- United Kingdom (70.2K units)
- Hong Kong SAR (13.5K units)
Watch Exports in Ireland
For the fourth year in a row, Ireland recorded growth in overseas shipments of watches, which increased by 108% to 909K units in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, watch exports soared to $269M in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 639%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Watch in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.5 | 9.8 | 15.2 | 21.3 | 249.3% |
| United Kingdom | 5.4 | 6.6 | 7.3 | 15.3 | 41.5% |
| United Arab Emirates | N/A | 5.6 | 8.3 | 14.3 | 59.8% |
| Hong Kong SAR | 8.2 | 16.8 | 15.6 | 12.7 | 15.7% |
| France | 0.7 | 4.4 | 5.3 | 8.8 | 132.5% |
| Spain | 0.4 | 2.9 | 3.0 | 3.9 | 113.6% |
| Germany | 1.7 | 2.9 | 1.9 | 2.0 | 5.6% |
| Others | 2.4 | 92.8 | 161 | 191 | 330.1% |
| Total | 19.2 | 142 | 217 | 269 | 141.1% |
Top Export Markets for Watch from Ireland in 2022:
- United Kingdom (625.9K units)
- United Arab Emirates (68.4K units)
- France (60.3K units)
- Spain (25.4K units)
- Hong Kong SAR (19.5K units)
- United States (18.8K units)
- Germany (11.4K units)
This report provides an in-depth analysis of the watch market in Ireland. 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
- Prodcom 26521200 - Other wrist-watches, pocket-watches and other watches, i ncluding stop-watches
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ireland
- 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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