Price for Watch Cases and Parts Thereof in Chile - 2023
Contents:
- Price for Watch Cases and Parts Thereof in Chile (CIF) - 2022
- Price for Watch Cases and Parts Thereof in Chile (FOB) - 2022
- Imports of Watch Cases and Parts Thereof in Chile
- Exports of Watch Cases and Parts Thereof in Chile
Price for Watch Cases and Parts Thereof in Chile (CIF) - 2022
In 2022, the average import price for watch cases and parts thereoves amounted to $131 per unit, which is down by -10% against the previous year. Over the period under review, the import price recorded a mild descent. The most prominent rate of growth was recorded in 2018 an increase of 74%. The import price peaked at $188 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 China ($157 per unit), while the price for Spain ($8.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.8%), while the prices for the other major suppliers experienced a decline.
Price for Watch Cases and Parts Thereof in Chile (FOB) - 2022
The average export price for watch cases and parts thereoves stood at $102 per unit in 2022, surging by 143% against the previous year. Over the period under review, the export price saw a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($263 per unit), while the average price for exports to Peru ($14 per unit) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+186.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Watch Cases and Parts Thereof in Chile
In 2022, overseas purchases of watch cases and parts thereoves decreased by -15.6% to 2.4K units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. As a result, imports attained the peak of 2.8K units, and then declined rapidly in the following year.
In value terms, watch cases and parts thereof imports contracted remarkably to $311K in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 128% against the previous year. As a result, imports attained the peak of $410K, and then shrank notably in the following year.
| Import of Watch Cases and Parts Thereof in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 43.4 | 141 | 354 | 279 | 85.9% |
| Switzerland | 39.0 | 9.5 | 8.2 | 12.0 | -32.5% |
| United States | 4.5 | 5.2 | 9.1 | 7.0 | 15.9% |
| Spain | 16.3 | 0.9 | 1.5 | 2.0 | -50.3% |
| Hong Kong SAR | 2.1 | 0.6 | 2.1 | 0.1 | -63.8% |
| Angola | N/A | 0.1 | N/A | N/A | 0% |
| Others | 22.3 | 22.5 | 34.9 | 11.4 | -20.0% |
| Total | 128 | 180 | 410 | 311 | 34.4% |
Top Suppliers of Watch Cases and Parts Thereof to Chile in 2022:
- China (1778.0 units)
- Spain (232.0 units)
- United States (152.0 units)
- Switzerland (131.0 units)
- Hong Kong SAR (4.0 units)
Exports of Watch Cases and Parts Thereof in Chile
In 2022, shipments abroad of watch cases and parts thereoves decreased by -56.4% to 828 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,915% against the previous year. Over the period under review, the exports hit record highs at 1.9K units in 2021, and then fell notably in the following year.
In value terms, watch cases and parts thereof exports expanded remarkably to $84K in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 3,443%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Watch Cases and Parts Thereof in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | 0.1 | 47.6 | 55.6 | 73.9 | 804.1% |
| Peru | 1.2 | 9.7 | 18.7 | 7.5 | 84.2% |
| Uruguay | N/A | 1.7 | 0.8 | 2.9 | 30.6% |
| Norway | N/A | 1.4 | N/A | N/A | 0% |
| Switzerland | 0.3 | 2.5 | 3.0 | N/A | 216.2% |
| Others | 0.1 | 1.4 | 1.3 | N/A | 260.6% |
| Total | 1.8 | 64.4 | 79.5 | 84.3 | 260.5% |
Top Export Markets for Watch Cases and Parts Thereof from Chile in 2022:
- Peru (525.0 units)
- Bolivia (282.0 units)
- Uruguay (20.0 units)
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