Kenya - Watches - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWatch Price in Kenya - 2021
Contents:
- Watch Price in Kenya (CIF) - 2022
- Watch Price in Kenya (FOB) - 2022
- Watch Imports in Kenya
- Watch Exports in Kenya
Watch Price in Kenya (CIF) - 2022
In 2022, the average watch import price amounted to $20 per unit, dropping by -15% against the previous year. Overall, the import price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 927%. Over the period under review, average import prices reached the maximum at $49 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
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 Hong Kong SAR ($57 per unit), while the price for Mauritius ($4.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.5%), while the prices for the other major suppliers experienced a decline.
Watch Price in Kenya (FOB) - 2022
In 2022, the average watch export price amounted to $78 per unit, dropping by -12.1% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The growth pace was the most rapid in 2020 an increase of 83% against the previous year. As a result, the export price reached the peak level of $101 per unit. From 2021 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 Germany ($383 per unit), while the average price for exports to Rwanda ($5.4 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 the Philippines (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.
Watch Imports in Kenya
In 2022, purchases abroad of watches was finally on the rise to reach 52K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a precipitous decline. Over the period under review, imports hit record highs at 106K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, watch imports reached $1.1M in 2022. Over the period under review, imports, however, continue to indicate a deep slump. Imports peaked at $2M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Watch in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,075 | 590 | 413 | 456 | -24.9% |
United Kingdom | 159 | 24.6 | 96.5 | 155 | -0.8% |
Mauritius | N/A | N/A | 14.3 | 10.2 | -28.7% |
Others | 724 | 452 | 526 | 437 | -15.5% |
Total | 1,958 | 1,067 | 1,050 | 1,059 | -18.5% |
Top Suppliers of Watch to Kenya in 2022:
- China (37.5K units)
- United Kingdom (8.4K units)
- Mauritius (2.4K units)
Watch Exports in Kenya
In 2022, exports of watches from Kenya reached 3.7K units, rising by 15% compared with the year before. Overall, exports, however, recorded a sharp slump. The exports peaked at 11K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, watch exports amounted to $287K in 2022. In general, exports, however, recorded a dramatic downturn. Over the period under review, the exports reached the peak figure at $627K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Watch in Kenya (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 53.1 | 23.1 | 22.4 | 42.8 | -6.9% |
United Kingdom | 257 | 30.0 | 13.7 | 26.0 | -53.4% |
Hong Kong SAR | 27.4 | 21.8 | 38.2 | 23.5 | -5.0% |
United States | 66.3 | 27.4 | 33.5 | 21.3 | -31.5% |
Rwanda | 1.0 | 0.8 | 0.9 | 11.0 | 122.4% |
Philippines | 26.8 | 11.7 | 14.4 | 9.0 | -30.5% |
South Africa | 102 | 8.7 | 5.4 | 8.1 | -57.0% |
China | 28.8 | 0.7 | 10.9 | 6.7 | -38.5% |
France | 5.7 | 16.6 | 74.4 | 5.7 | 0.0% |
Others | 58.5 | 151 | 71.5 | 133 | 31.5% |
Total | 627 | 291 | 285 | 287 | -22.9% |
Top Export Markets for Watch from Kenya in 2022:
- Rwanda (2038.0 units)
- United States (907.0 units)
- France (128.0 units)
- Germany (112.0 units)
- Hong Kong SAR (108.0 units)
- United Kingdom (86.0 units)
- Philippines (70.0 units)
- China (46.0 units)
- South Africa (32.0 units)
This report provides an in-depth analysis of the watch market in Kenya. 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:
- Kenya
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kenya
- 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
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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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In value terms, watch cases and parts thereof imports totaled $X in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports value increased at an average annual rate ...
In value terms, complete, unassembled watch and clock movements imports stood at $X in 2016. Overall, it indicated a temperate expansion from 2007 to 2016: the total imports value increased at an a...
In value terms, watch movements imports totaled $X in 2016. Overall, watch movements imports continue to indicate a relatively flat trend pattern. Global watch movements import peaked of $X in X>
In value terms, wrist-watches, pocket-watches, stop-watches and other watches imports stood at $X in 2016. Overall, it indicated a prominent increase from 2007 to 2016: the total imports value decre...
In value terms, watch straps, watch bands, watch bracelets and parts thereof exports stood at $X in 2016. In general, watch straps, watch bands, watch bracelets and parts thereof exports continue to ...
In value terms, wrist-watches, pocket-watches, stop-watches and other watches exports totaled $X in 2016. Overall, it indicated a strong growth from 2007 to 2016: the total exports value decreased a...
In value terms, watch movements exports stood at $X in 2016. Overall, it indicated a conspicuous growth from 2007 to 2016: the total exports value decreased at an average annual rate of -X% over ...