The Precious Metal Watches of the United States to experience steady growth with +3.9% CAGR in the next decade -messages and statistics

May 12, 2025

Indexbox has just published a new report: US – Precious Metal Watches – Market Analysis, Prognosis, Size, Trends and Findings.

The precious metal market in the United States is expected to experience a positive consumer trend in the next decade, with a forecast CAGR of +3.9% and a value of +4.9% from 2024 to 2035. By the end of 2035, the market volume is expected to be 674k units, and the market value is estimated that the market volume at 1.3b $ Nominal prices.

Market forecast

Driven by the increasing demand for precious metal guard in the USA, the market will probably start an upward consumption trend in the next decade. The performance of the market is predicted to increase a minor CAGR of +374,000 units by the end of 2035 with an expected CAGR of +3.9% for the period from 2024 to 2035.

With regard to the value, the market is predicted with an expected CAGR of +4.9% for the period from 2024 to 2035, which is expected to give USD 1.3 billion (on nominal wholesale prices) by the end of 2035.

consumption

The consumption of precious metal clocks of the United States in the United States

In 2024, the consumption of precious metal clocks took over -39.9% to 441,000 units and fell in the third time in a row after two years of growth. In general, consumption showed an abrupt decrease. As a result, consumption reached the peak volume of 1.3 million units. From 2022 to 2024, the growth of consumption remained in a lower number.

The turnover of the precious metal market in the United States went back to $ 760 million in 2024 and fell by -25.9%compared to the previous year. This number reflects the total income of manufacturers and importers (without logistics costs, retail marketing costs and retail margins that are included in the final consumer price). Overall, consumption continues to point out a perceptible decline. As part of the checked period, the market reached the top level of $ 1.5 billion in 2021. From 2022 to 2024, however, consumption could not be declined in the dynamics.

production

The production of precious metal clocks of the United States by the United States

The production of the precious metal guard in the United States fell to 634,000 units in 2024 and lost -9% compared to the previous year. In general, production showed a deep reduction. The best -known growth rate was recorded in 2017 with an increase of 99% compared to the previous year. The production of Precious Metal Watch in 2013 reached a highlight of 1.1 million units. From 2014 to 2024, however, production remained in a lower number.

The production of precious metal guard in 2024 decreased to $ 608 million. During the checked period, production continues to show a relatively flat trend pattern. The best -known growth rate was recorded in 2017 when the production volume rose by 152% compared to the previous year. The production of Precious Metal Watch reached a highlight of 1 billion USD in 2020. From 2021 to 2024, however, production could not be returned in the dynamics.

Imports

The imports of the United States of precious metal clocks by the United States

In 2024, purchases abroad decreased by precious metal watches by -10.8% to 1 million units and fell for the second time in a row after two years of growth. Overall, imports recorded a slight descent. The growth pace was fastest in 2021 when imports rose by 81% compared to the previous year. In 2016, imports reached a climax of 1.7 m. From 2017 to 2024, imports remained in a lower number.

In 2024, the imports of precious metal guard rose to $ 2.3 billion. However, imports showed a strong increase during the checking period. The pace of growth seemed to be the fastest in 2021 with an increase of 94% compared to the previous year. The imports reached its peak in 2024 and are likely to have a steady growth in the immediate.

Imports by country

In 2023, Switzerland (643,000 units) formed the largest precious metal observation supplier in the United States, which made a share of 56% of total imports. In addition, the imports of Switzerland exceeded the second largest supplier in the second largest supplier Malaysia (114K units), the second largest supplier, Malaysia (114,000). The third position in this ranking was kept by France (81,000 units) with a share of 7%.

From 2013 to 2023, the average annual growth rate of volume from Switzerland was -3.8%. The remaining supply countries recorded the following average annual import growth quotas: Malaysia (+60.0% per year) and France (+23.2% per year).

In value creation, Switzerland (1.9 billion USD) formed the largest provider of precious metal watches in the USA, which made 97% of total imports. The second position in the ranking was held by France ($ 18 million) with a share of 0.9% of total imports. Great Britain followed with a share of 0.4%.

From 2013 to 2023, the average annual growth rate in relation to the value from Switzerland was +7.0%. The remaining pension countries recorded the following average annual import growth quotas: France (+5.3% per year) and Great Britain (+3.6% per year).

Import prices to land

In 2023, the average price for precious metal observation was $ 1.7,000 per unit with an increase of 56% compared to the previous year. Overall, the import price showed a strong expansion. As a result, the import price reached the top level and should continue growth in the immediate term.

The prices varied noticeably according to the country of origin: in the middle of the top importers, the country with the highest price was Switzerland (USD 2.9,000 per unit), while the price for Malaysia ($ 38 per unit) was at the lowest.

From 2013 to 2023, Hong Kong SAR (+26.9%) achieved the most remarkable growth rate in relation to prices, while the prices for the other large suppliers experienced mixed trend patterns.

Export

The United States' exports of the United States by the United States

In 2024, deliveries abroad with precious metal clocks rose by 9% to 1.2 million units and rose for the fourth time in a row after two years of decline. The entire export volume rose by average annual rate of +2.2%in 2024 from 2013 to 2024; However, the trend pattern showed that some remarkable fluctuations were recorded in certain years. The growth pace was fastest in 2021 with an increase of 26% compared to the previous year. Exports reached its peak in 2024 and is expected to keep growth in the near future.

In 2024, the exports of precious metal guard went back to USD 1 billion. Overall, exports recorded an outstanding expansion. The best known growth rate was recorded in 2021 with an increase of 32%. In 2023, exports reached a climax of USD 1.1 billion and then ended the following year.

Exports to land

Switzerland (429,000 units), Canada (365,000 units) and the United Arab Emirates (202k units) were the main actors of Edelmetall -Exports from the USA, which made 89% of the entire exports.

From 2013 to 2023, the United Arab Emirates (with a CAGR of +36.7%) achieved the most remarkable growth rate in relation to the programs in the most important destination countries, while the other managers recorded more modest growth substances.

In value creation conditions, Hong Kong Sar ($ 442 million), Switzerland ($ 286 million) and the United Arab Emirates ($ 75 million) were the largest markets for the precious metal observation exported from the United States, with a combined share of 73% of total exports being combined.

With a CAGR of +36.2%, the United Arab Emirates recorded the highest growth rate of the value of exports, among the most important countries of destination, while the programs for the other managers recorded more modest growth substances.

Export prices to land

In 2023, the average export price of precious metal observation was $ 984 per unit, which decreased by -6.9% compared to the previous year. Overall, however, the export price recorded resilient growth. The best known growth rate was recorded in 2017 as an increase of 41%. As part of the checking period, the average export prices achieved a maximum of USD 1.1,000 per unit in 2021. From 2022 to 2023, however, export prices remained in a lower number.

The prices varied noticeably according to the country of destination: In the middle of the top suppliers, the country was with the highest price Hong Kong SAR ($ 3.1 per unit), while the average price for exports according to Canada ($ 184 per unit) was to the lowest.

From 2013 to 2023, the most remarkable growth rate in relation to the prices for the supply of Japan (+17.3%) was recorded, while prices for the other main destinations recorded more modest growth strips.

Source: Indexbox Market Intelligence Platform