Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in India - 2023
Contents:
- Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in India (FOB) - 2022
- Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in India (CIF) - 2022
- Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in India
- Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in India
Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in India (FOB) - 2022
In 2022, the average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $26 per unit, with an increase of 151% against the previous year. In general, the export price recorded strong growth. The export price peaked at $28 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($49 per unit), while the average price for exports to the United Arab Emirates ($9.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+236.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in India (CIF) - 2022
In 2022, the average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $80 per unit, waning by -1.7% against the previous year. In general, the import price, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2020 an increase of 420%. The import price peaked at $81 per unit in 2021, and then declined in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($96 per unit), while the price for China ($1.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+30.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in India
In 2022, exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds from India fell to 5.7K units, with a decrease of -8.9% on the year before. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 767%. As a result, the exports attained the peak of 6.2K units, and then fell in the following year.
In value terms, exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds soared to $148K in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 224% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.3 | 1.5 | 5.1 | 53.7 | 463.6% |
| Bangladesh | 0.2 | 4.7 | N/A | 15.6 | 327.3% |
| Germany | N/A | N/A | 20.9 | 14.0 | -33.0% |
| Saudi Arabia | N/A | N/A | 6.6 | 7.7 | 16.7% |
| Turkey | N/A | N/A | 3.3 | 2.9 | -12.1% |
| United Arab Emirates | 8.4 | 4.4 | 5.9 | 2.1 | -37.0% |
| Belgium | N/A | N/A | 1.6 | 1.5 | -6.3% |
| Cote d'Ivoire | N/A | N/A | N/A | N/A | 0% |
| Zambia | N/A | N/A | 0.3 | N/A | 0% |
| Italy | N/A | N/A | 2.3 | N/A | 0% |
| Others | 1.5 | 9.3 | 18.6 | 50.3 | 222.5% |
| Total | 10.4 | 19.9 | 64.6 | 148 | 142.3% |
Top Export Markets for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered from India in 2022:
- United States (2955.0 units)
- Bangladesh (881.0 units)
- Germany (808.0 units)
- United Arab Emirates (210.0 units)
- Saudi Arabia (156.0 units)
- Belgium (144.0 units)
- Turkey (126.0 units)
Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in India
In 2022, supplies from abroad of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds was finally on the rise to reach 625 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a precipitous descent. Over the period under review, imports of attained the maximum at 4.4K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds skyrocketed to $50K in 2022. In general, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 91%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 11.8 | 11.0 | 22.3 | 47.8 | 59.4% |
| Singapore | 2.9 | 1.3 | 10.9 | 2.1 | -10.2% |
| China | 2.1 | N/A | 0.1 | N/A | -78.2% |
| United Arab Emirates | 0.3 | 5.1 | N/A | N/A | 1600.0% |
| Turkey | 1.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 18.5 | 17.4 | 33.2 | 50.0 | 39.3% |
Top Suppliers of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered to India in 2022:
- Switzerland (571.0 units)
- China (23.0 units)
- Singapore (22.0 units)
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