| Product Code: ETC5025579 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Guyana`s electronic watches import market in 2024 saw a significant influx of shipments from top exporting countries including the USA, China, Colombia, Japan, and Thailand. The Herfindahl-Hirschman Index (HHI) indicates a high level of market concentration, suggesting potential dominance by key players. With a remarkable compound annual growth rate (CAGR) of 99.18% from 2020 to 2024, the industry demonstrates strong expansion. Moreover, the exceptional growth rate of 2361.06% from 2023 to 2024 highlights the rapid pace at which the electronic watches import market in Guyana is evolving.

The electronic watches market in Guyana combines technology and style to offer timepieces with advanced features like fitness tracking and connectivity. This market is popular among tech-savvy consumers.
The rising consumer preference for smart and feature-rich watches is propelling the electronic watches market in Guyana. Innovations in design and technology continue to drive demand.
The electronic watches market in Guyana faces competition from smartphones and smartwatches, which offer integrated features such as fitness tracking and communication. Limited disposable income among certain demographics restricts the demand for premium electronic watches. Moreover, reliance on imports and high tariffs increase the retail cost, affecting affordability.
The government of Guyana is encouraging the development of the electronic watches market by promoting local innovation and attracting global brands. Policies focus on enhancing consumer protection, ensuring that electronic watches meet safety and quality standards. Additionally, there is a push to promote the use of smartwatches and wearables, which align with Guyanas broader push toward digital transformation.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Guyana Electronic Watches Market Overview |
3.1 Guyana Country Macro Economic Indicators |
3.2 Guyana Electronic Watches Market Revenues & Volume, 2021 & 2031F |
3.3 Guyana Electronic Watches Market - Industry Life Cycle |
3.4 Guyana Electronic Watches Market - Porter's Five Forces |
3.5 Guyana Electronic Watches Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Guyana Electronic Watches Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Guyana Electronic Watches Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in Guyana |
4.2.2 Growing popularity of wearable technology among youth |
4.2.3 Technological advancements in electronic watches |
4.3 Market Restraints |
4.3.1 High initial cost of electronic watches compared to traditional watches |
4.3.2 Limited consumer awareness about the benefits of electronic watches |
5 Guyana Electronic Watches Market Trends |
6 Guyana Electronic Watches Market Segmentations |
6.1 Guyana Electronic Watches Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Guyana Electronic Watches Market Revenues & Volume, By Digital Quartz Watch, 2021-2031F |
6.1.3 Guyana Electronic Watches Market Revenues & Volume, By Analog Quartz Electronic Watch, 2021-2031F |
6.1.4 Guyana Electronic Watches Market Revenues & Volume, By Automatic Quartz Watch, 2021-2031F |
6.1.5 Guyana Electronic Watches Market Revenues & Volume, By Solar Electronic Watch, 2021-2031F |
6.1.6 Guyana Electronic Watches Market Revenues & Volume, By Multi-Functional Electronic Watch, 2021-2031F |
6.2 Guyana Electronic Watches Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Guyana Electronic Watches Market Revenues & Volume, By Men, 2021-2031F |
6.2.3 Guyana Electronic Watches Market Revenues & Volume, By Women, 2021-2031F |
6.2.4 Guyana Electronic Watches Market Revenues & Volume, By Children, 2021-2031F |
7 Guyana Electronic Watches Market Import-Export Trade Statistics |
7.1 Guyana Electronic Watches Market Export to Major Countries |
7.2 Guyana Electronic Watches Market Imports from Major Countries |
8 Guyana Electronic Watches Market Key Performance Indicators |
8.1 Average selling price of electronic watches in Guyana |
8.2 Percentage of consumers who own multiple electronic watches |
8.3 Number of new electronic watch models launched in the market per year |
9 Guyana Electronic Watches Market - Opportunity Assessment |
9.1 Guyana Electronic Watches Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Guyana Electronic Watches Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Guyana Electronic Watches Market - Competitive Landscape |
10.1 Guyana Electronic Watches Market Revenue Share, By Companies, 2024 |
10.2 Guyana Electronic Watches Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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