MERCOSUR: Precious Metal Watch Market 2024

Precious Metal Watch Market Size in MERCOSUR

The MERCOSUR precious metal watch market skyrocketed to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a deep reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Precious Metal Watch Production in MERCOSUR

In value terms, precious metal watch production expanded notably to $X in 2022 estimated in export price. In general, production, however, saw a abrupt slump. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Precious Metal Watch Exports

Exports in MERCOSUR

After two years of growth, shipments abroad of precious metal watches decreased by X% to X units in 2022. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2021, and then reduced remarkably in the following year.

In value terms, precious metal watch exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Chile represented the major exporting country with an export of about X units, which finished at X% of total exports. Peru (X units) ranks second in terms of the total exports with a X% share, followed by Guyana (X%). Brazil (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to precious metal watch exports from Chile stood at X%. At the same time, Guyana (X%) and Peru (X%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) illustrated a downward trend over the same period. Peru (X p.p.), Chile (X p.p.) and Guyana (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Peru ($X) emerged as the largest precious metal watch supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

In Peru, 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: Brazil (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price saw a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Precious Metal Watch Imports

Imports in MERCOSUR

In 2022, approx. X units of precious metal watches were imported in MERCOSUR; picking up by X% compared with the previous year. Over the period under review, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, precious metal watch imports skyrocketed to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile represented the main importer of precious metal watches in MERCOSUR, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. Venezuela (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (X%). Colombia (X units), Ecuador (X units), Peru (X units) and Paraguay (X units) followed a long way behind the leaders.

Imports into Chile decreased at an average annual rate of X% from 2012 to 2022. At the same time, Paraguay (X%), Ecuador (X%), Venezuela (X%) and Peru (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) and Colombia (X%) illustrated a downward trend over the same period. Venezuela (X p.p.), Ecuador (X p.p.), Peru (X p.p.), Paraguay (X p.p.) and Chile (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil and Colombia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the largest precious metal watch importing markets in MERCOSUR were Venezuela ($X), Colombia ($X) and Brazil ($X), together accounting for X% of total imports. Peru, Chile, Paraguay and Ecuador lagged somewhat behind, together accounting for a further X%.

Paraguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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