The New Zealand precious metal watch market expanded markedly to $X in 2024, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

Precious metal watch exports from New Zealand surged to X units in 2024, growing by X% against the year before. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2024, the exports stood at a somewhat lower figure.

In value terms, precious metal watch exports amounted to $X in 2024. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. The exports peaked in 2024 and are likely to see gradual growth in the near future.

Australia (X units), the United States (X units) and Singapore (X units) were the main destinations of precious metal watch exports from New Zealand, together comprising X% of total exports. Hong Kong SAR, Japan, Switzerland and Fiji lagged somewhat behind, together accounting for a further X%.

From 2012 to 2024, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for precious metal watches exports from New Zealand, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2024, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Australia (X% per year).

The average precious metal watch export price stood at $X thousand per unit in 2024, dropping by X% against the previous year. Overall, the export price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X thousand per unit. From 2015 to 2024, 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 Switzerland ($X thousand per unit), while the average price for exports to Fiji ($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 United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Precious metal watch imports into New Zealand contracted modestly to X units in 2024, approximately mirroring 2023. Overall, imports saw a deep downturn. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at X units in 2013; however, from 2014 to 2024, imports remained at a lower figure.

In value terms, precious metal watch imports soared to $X in 2024. In general, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2024 and are expected to retain growth in the immediate term.

In 2024, Switzerland (X units) constituted the largest supplier of precious metal watch to New Zealand, accounting for a X% share of total imports. Moreover, precious metal watch imports from Switzerland exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. Hong Kong SAR (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2024, the average annual rate of growth in terms of volume from Switzerland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Hong Kong SAR (X% per year).

In value terms, Switzerland ($X) constituted the largest supplier of precious metal watches to New Zealand, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2024, the average annual rate of growth in terms of value from Switzerland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Hong Kong SAR (X% per year).

In 2024, the average precious metal watch import price amounted to $X per unit, surging by X% against the previous year. In general, the import price recorded a significant expansion. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2024 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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This report provides an in-depth analysis of the precious metal watch market in New Zealand. 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.

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