Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in France - 2023

Contents:

1. Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in France (CIF) - 2022
2. Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in France (FOB) - 2022
3. Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in France
4. Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in France

Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in France (CIF) - 2022

In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $47 per unit, which is down by -15.8% against the previous year. Over the period under review, the import price saw a noticeable decline. The growth pace was the most rapid in 2017 an increase of 106%. Over the period under review, average import prices reached the peak figure at $529 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Switzerland ($254 per unit), while the price for China ($7.7 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 (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in France (FOB) - 2022

In 2022, the average export price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $270 per unit, picking up by 36% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $370 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($406 per unit), while the average price for exports to the UK ($34 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 the Netherlands (+11.6%), while the prices for the other major destinations experienced a decline.

Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in France

For the fourth year in a row, France recorded growth in overseas purchases of watch movements; complete and assembled, not automatic winding or electrically operateds, which increased by 13% to 54K units in 2022. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 308% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds declined to $2.5M in 2022. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 106%. As a result, imports reached the peak of $2.7M, and then declined in the following year.

Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to France in 2022:

1. China (37.0K units)
2. Hong Kong SAR (6.8K units)
3. Switzerland (5.8K units)
4. Thailand (1.6K units)
5. United Kingdom (1.1K units)
6. Japan (0.1K units)

Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in France

Exports of watch movements; complete and assembled, not automatic winding or electrically operateds from France fell notably to 5.3K units in 2022, waning by -26.7% compared with 2021 figures. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 101%. As a result, the exports reached the peak of 7.2K units, and then contracted significantly in the following year.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds reduced slightly to $1.4M in 2022. In general, exports showed a noticeable descent. The pace of growth appeared the most rapid in 2021 when exports increased by 106% against the previous year. The exports peaked at $1.5M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated from France in 2022:

1. Switzerland (2.5K units)
2. Netherlands (1.8K units)
3. Macao SAR (0.5K units)
4. United Kingdom (0.3K units)

Source: IndexBox Market Intelligence Platform