Price for Watch Cases and Parts Thereof in Indonesia - 2022
Contents:
- Price for Watch Cases and Parts Thereof in Indonesia (CIF) - 2022
- Price for Watch Cases and Parts Thereof in Indonesia (FOB) - 2022
- Imports of Watch Cases and Parts Thereof in Indonesia
- Exports of Watch Cases and Parts Thereof in Indonesia
Price for Watch Cases and Parts Thereof in Indonesia (CIF) - 2022
The average import price for watch cases and parts thereoves stood at $1.6 per unit in 2022, rising by 33% against the previous year. In general, the import price posted a strong increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 93% against the previous year. Over the period under review, average import prices reached the maximum at $2 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($2.3 per unit), while the price for China ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Cases and Parts Thereof in Indonesia (FOB) - 2022
In 2022, the average export price for watch cases and parts thereoves amounted to $11 per unit, growing by 47% against the previous year. Over the period under review, the export price enjoyed a mild expansion. The growth pace was the most rapid in 2016 an increase of 102% against the previous year. The export price peaked at $21 per unit in 2018; however, from 2019 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 Singapore ($20 per unit), while the average price for exports to Malaysia ($0.5 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 South Korea (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Watch Cases and Parts Thereof in Indonesia
Watch cases and parts thereof imports into Indonesia surged to 851K units in 2022, rising by 171% compared with the previous year's figure. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, watch cases and parts thereof imports skyrocketed to $1.4M in 2022. Overall, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Watch Cases and Parts Thereof in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 723 | 220 | 277 | 810 | 3.9% |
| Hong Kong SAR | 12.0 | 1.2 | 1.5 | 122 | 116.6% |
| Others | 116 | 151 | 98.4 | 424 | 54.0% |
| Total | 852 | 373 | 377 | 1,357 | 16.8% |
Top Suppliers of Watch Cases and Parts Thereof to Indonesia in 2022:
- China (778.4K units)
- Hong Kong SAR (52.6K units)
Exports of Watch Cases and Parts Thereof in Indonesia
In 2022, approx. 1.9K units of watch cases and parts thereoves were exported from Indonesia; which is down by -15.6% on 2021 figures. Overall, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 8.7% against the previous year. As a result, the exports attained the peak of 2.3K units, and then contracted notably in the following year.
In value terms, watch cases and parts thereof exports soared to $22K in 2022. Over the period under review, exports continue to indicate a abrupt decline. Over the period under review, the exports hit record highs at $29K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Watch Cases and Parts Thereof in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 15.5 | 10.0 | 1.8 | 9.1 | -16.3% |
| United Arab Emirates | 10.1 | 2.9 | 2.6 | 6.7 | -12.8% |
| Serbia | 0.8 | 1.3 | 0.4 | 1.0 | 7.7% |
| South Africa | 0.8 | 4.0 | 10.1 | 0.9 | 4.0% |
| South Korea | 0.3 | 0.6 | 0.3 | 0.8 | 38.7% |
| Kuwait | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Malaysia | 0.2 | 0.2 | N/A | 0.1 | -20.6% |
| Others | 1.7 | 6.7 | 2.1 | 2.9 | 19.5% |
| Total | 29.4 | 25.8 | 17.4 | 21.6 | -9.8% |
Top Export Markets for Watch Cases and Parts Thereof from Indonesia in 2022:
- United Arab Emirates (782.0 units)
- Singapore (462.0 units)
- Malaysia (197.0 units)
- South Africa (142.0 units)
- Serbia (111.0 units)
- South Korea (72.0 units)
- Kuwait (25.0 units)
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