MENA: Bracelet Market 2024

Bracelet Market Size in MENA

The MENA's bracelet market dropped to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, recorded a mild decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Bracelet Production in MENA

In value terms, bracelet production totaled $X in 2022 estimated in export price. Overall, production, however, showed a noticeable slump. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Bracelet Exports

Exports in MENA

In 2022, the amount of watch straps, bands and bracelets exported in MENA soared to X units, picking up by X% on the previous year. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bracelet exports soared to $X in 2022. Overall, exports saw a slight increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, reaching X units, which was near X% of total exports in 2022. It was distantly followed by Turkey (X units), achieving a X% share of total exports. Tunisia (X units) took a minor share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the watch straps, bands and bracelets exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) and Tunisia (X%) displayed positive paces of growth. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey and Tunisia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Tunisia ($X), the United Arab Emirates ($X) and Turkey ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, waning by X% against the previous year. In general, the export price saw a precipitous slump. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Bracelet Imports

Imports in MENA

In 2022, supplies from abroad of watch straps, bands and bracelets increased by X% to X units, rising for the sixth year in a row after two years of decline. Overall, imports posted a strong expansion. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, bracelet imports soared to $X in 2022. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Turkey (X units) and the United Arab Emirates (X units) dominates imports structure, together comprising X% of total imports. It was distantly followed by Israel (X units), committing a X% share of total imports. The following importers - Oman (X units), Kuwait (X units), Egypt (X units), Morocco (X units), Iraq (X units) and Bahrain (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported watch straps, bands and bracelets in MENA, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform