U.S. - Watches - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWatch Price in the United States - 2023
Contents:
- Watch Price in the United States (CIF) - 2022
- Watch Price in the United States (FOB) - 2023
- Watch Imports in the United States
- Watch Exports in the United States
Watch Price in the United States (CIF) - 2022
In 2022, the average watch import price amounted to $31 per unit, standing approx. at the previous year. Overall, the import price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29%. The import price peaked at $31 per unit in 2021, and then dropped slightly in the following year.
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 ($335 per unit), while the price for Singapore ($2.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Watch Price in the United States (FOB) - 2023
The average watch export price stood at $128 per unit in July 2023, with a decrease of -17% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 32% month-to-month. As a result, the export price attained the peak level of $176 per unit. From February 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Hong Kong SAR ($354 per unit), while the average price for exports to Paraguay ($22.5 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Watch Imports in the United States
In 2022, watch imports into the United States expanded significantly to 194M units, surging by 8.6% against 2021 figures. In general, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. Over the period under review, imports hit record highs at 233M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, watch imports expanded rapidly to $6B in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.5% 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 +72.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Watch in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 3,352 | 2,780 | 4,550 | 4,879 | 13.3% |
| Japan | 705 | 389 | 586 | 625 | -3.9% |
| China | 223 | 114 | 140 | 224 | 0.1% |
| Thailand | 62.5 | 38.6 | 47.5 | 51.7 | -6.1% |
| Philippines | 45.9 | 33.5 | 36.5 | 34.4 | -9.2% |
| Singapore | 10.3 | 7.4 | 13.5 | 12.5 | 6.7% |
| Others | 142 | 92.4 | 122 | 135 | -1.7% |
| Total | 4,541 | 3,454 | 5,495 | 5,962 | 9.5% |
Top Suppliers of Watch to the United States in 2022:
- Japan (86.0M units)
- China (72.9M units)
- Switzerland (14.6M units)
- Philippines (8.3M units)
- Singapore (5.8M units)
- Thailand (4.9M units)
Watch Exports in the United States
Watch exports from the United States rose markedly to 10M units in 2022, with an increase of 9.1% compared with 2021 figures. Overall, exports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 11% against the previous year. The exports peaked at 12M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, watch exports rose remarkably to $1.5B in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 22%. Over the period under review, the exports reached the maximum at $1.5B in 2019; afterwards, it flattened through to 2022.
| Export of Watch in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 598 | 460 | 573 | 483 | -6.9% |
| Switzerland | 364 | 232 | 282 | 309 | -5.3% |
| Canada | 127 | 102 | 130 | 156 | 7.1% |
| United Arab Emirates | 37.3 | 44.3 | 61.0 | 104 | 40.7% |
| Mexico | 81.9 | 43.7 | 48.5 | 56.8 | -11.5% |
| United Kingdom | 22.9 | 21.6 | 29.1 | 34.9 | 15.1% |
| Germany | 28.8 | 24.1 | 16.6 | 24.6 | -5.1% |
| Japan | 30.1 | 20.9 | 29.8 | 24.1 | -7.1% |
| Netherlands | 10.2 | 7.8 | 12.9 | 22.2 | 29.6% |
| Paraguay | 8.1 | 2.7 | 7.6 | 18.8 | 32.4% |
| Colombia | 11.0 | 7.2 | 8.7 | 12.4 | 4.1% |
| Others | 207 | 166 | 182 | 272 | 9.5% |
| Total | 1,526 | 1,133 | 1,382 | 1,518 | -0.2% |
Top Export Markets for Watch from the United States in 2022:
- Canada (2009.6K units)
- Mexico (1627.8K units)
- Switzerland (1415.5K units)
- Hong Kong SAR (1123.2K units)
- Paraguay (665.9K units)
- Netherlands (318.5K units)
- United Arab Emirates (246.0K units)
- Japan (211.6K units)
- United Kingdom (209.0K units)
- Germany (205.7K units)
- Colombia (175.8K units)
This report provides an in-depth analysis of the watch market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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.
-
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
-
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
-
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
-
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
-
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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