In 2024, the Dutch precious metal watch market was finally on the rise to reach $X for the first time since 2021, thus ending a two-year declining trend. In general, consumption saw notable growth. Precious metal watch consumption peaked at $X in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

In value terms, precious metal watch production stood at $X in 2024 estimated in export price. Over the period under review, production recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2019 with a decrease of X%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2024, production remained at a lower figure.

In 2024, after two years of growth, there was significant decline in shipments abroad of precious metal watches, when their volume decreased by X% to X units. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2024, the exports remained at a lower figure.

In value terms, precious metal watch exports dropped to $X in 2024. In general, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2024, the growth of the exports remained at a lower figure.

Germany (X units) was the main destination for precious metal watch exports from the Netherlands, with a X% share of total exports. Moreover, precious metal watch exports to Germany exceeded the volume sent to the second major destination, Denmark (X units), threefold. Belgium (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2024, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Belgium (X% per year).

In value terms, Switzerland ($X), Hong Kong SAR ($X) and Germany ($X) constituted the largest markets for precious metal watch exported from the Netherlands worldwide, together comprising X% of total exports. The UK, Italy, France, Belgium, the United States, Spain, Denmark, Sweden and Japan lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, the UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

The average precious metal watch export price stood at $X thousand per unit in 2024, jumping by X% against the previous year. Overall, the export price enjoyed a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X thousand per unit), while the average price for exports to Denmark ($X per unit) was amongst the lowest.

From 2012 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

For the fourth year in a row, the Netherlands recorded decline in supplies from abroad of precious metal watches, which decreased by X% to X units in 2024. Overall, imports, however, posted a measured increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2024, the growth of imports remained at a somewhat lower figure.

In value terms, precious metal watch imports fell to $X in 2024. Over the period under review, total imports indicated pronounced growth from 2012 to 2024: its value increased at an average annual rate of X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2024, imports remained at a lower figure.

In 2024, China (X units) constituted the largest precious metal watch supplier to the Netherlands, with a X% share of total imports. It was followed by Germany (X units), with a X% share of total imports. The UK (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2024, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the UK (X% per year).

In value terms, Switzerland ($X) constituted the largest supplier of precious metal watches to the Netherlands, comprising X% of total imports. The second position in the ranking was taken by France ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2024, the average annual growth rate of value from Switzerland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

The average precious metal watch import price stood at $X per unit in 2024, rising by X% against the previous year. In general, the import price recorded a modest expansion. The import price peaked at $X per unit in 2015; however, from 2016 to 2024, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X thousand per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2024, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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