Price for Watch Cases and Parts Thereof in Belgium - 2023

Price for Watch Cases and Parts Thereof in Belgium (CIF) - 2022

The average import price for watch cases and parts thereoves stood at $5.2 per unit in 2022, dropping by -43.2% against the previous year. Over the period under review, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 87% against the previous year. As a result, import price attained the peak level of $86 per unit. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($204 per unit), while the price for the Netherlands ($2.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+4.7%), while the prices for the other major suppliers experienced a decline.

Price for Watch Cases and Parts Thereof in Belgium (FOB) - 2022

The average export price for watch cases and parts thereoves stood at $11 per unit in 2022, declining by -87.9% against the previous year. In general, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2015 an increase of 157% against the previous year. The export price peaked at $269 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($388 per unit), while the average price for exports to France ($7.4 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 Switzerland (+2.5%), while the prices for the other major destinations experienced a decline.

Imports of Watch Cases and Parts Thereof in Belgium

For the fourth year in a row, Belgium recorded growth in overseas purchases of watch cases and parts thereoves, which increased by 115% to 300K units in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 151% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, watch cases and parts thereof imports surged to $1.6M in 2022. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 108%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Watch Cases and Parts Thereof in Belgium (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	74.1	118	211	955	134.5%
Switzerland	438	437	963	514	5.5%
Netherlands	17.2	21.0	41.6	48.0	40.8%
Italy	7.1	5.8	1.1	N/A	-60.6%
Others	11.6	29.2	53.4	34.9	44.4%
Total	548	611	1,270	1,551	41.5%

Top Suppliers of Watch Cases and Parts Thereof to Belgium in 2022:

China (269.0K units)
Netherlands (23.1K units)
Switzerland (2.5K units)

Exports of Watch Cases and Parts Thereof in Belgium

In 2022, the amount of watch cases and parts thereoves exported from Belgium soared to 106K units, rising by 868% on 2021 figures. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, watch cases and parts thereof exports surged to $1.1M in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 136%. The exports peaked in 2022 and are expected to retain growth in years to come.