The Market of the Watch Industry in the Yiwu Small Commodity Wholesale Market is Stable

Affected by the weakening of cyclical consumer demand, the overall sales of the watch industry has slowed down. It is expected that with the increase of domestic and foreign merchants' replenishment and return orders at the end of August, the industry's sales will gradually pick up.

1. The demand for mid-to-high-end products in the Yiwu Commodity Wholesale Market rose internally and fell externally

The watch industry of Yiwu Commodity Market is mainly for export, and the industry's export degree is over 88%. Among them, foreign trade is mainly purchased by merchants from the Middle East, Eastern Europe and South America, and domestic sales are mainly from Changshu, Suzhou and Shanghai.

With the change of consumption concept of domestic residents, the proportion of domestic sales of middle and high-end brands such as Casio and Tissot has gradually increased, and the demand is strong. In addition, affected by the tensions in the Middle East, the export market of the watch industry did not perform well, and the order volume declined.

2. The decorative clocks and watches in Yiwu Commodity Wholesale Market are sought after by people

Decorative timepieces have become a hot-selling product in the watch industry. Various wall clocks and floor clocks of various styles and sizes are favored by domestic and foreign merchants, and their sales are promising.

Among them, medium-sized LED electronic perpetual calendars and analog quartz floor clocks are more popular with consumers in surrounding counties and cities, and their sales are stable; medium-to-high-end quartz clocks with elegant and simple shapes are favored by consumer groups in large and medium-sized cities such as Beijing, Shanghai, and Hangzhou. European style is the main style, and the volume is considerable; in addition, decorative clocks mainly made of oil paintings and iron art have attracted the attention of domestic and foreign buyers due to their peculiar shapes and diverse styles, and more inquiries have been placed.

3. The price trend of products in Yiwu Small Commodity Wholesale Market has stabilized

Recently, due to the rising prices of raw materials such as steel and the increase in labor costs, the prices of some products in the watch industry have risen slightly.

Most of the operators keep the price increase within 5% in order to stabilize the source of customers and guarantee the sales volume, and some operators reduce the cost to stabilize the product price. Overall, the price of products in the watch industry is still dominated by stability, and the market outlook will continue to maintain a stable operation.

Yiwu International Trade City is a major wholesale market complex in Yiwu, Zhejiang, China. It is the largest wholesale market in China. There are many other large wholesale markets in Yiwu, including the Huangyuan market for clothing, several furniture markets, a capital goods market, and more.

It is the largest wholesale market in the world and the best wholesale market in China, according to CNN, selling "relatively cheap, non-tech, mass-market" goods and is the main channel for many of these goods. If it is necessary, you are welcome to consult us.

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