Price for Watch Movements; Complete and Assembled in Sweden - 2023

Price for Watch Movements; Complete and Assembled in Sweden (CIF) - 2022

In 2022, the average import price for watch movements; complete and assembleds amounted to $26 per unit, remaining relatively unchanged against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 116% against the previous year. The import price peaked at $76 per unit in 2019; however, from 2020 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 Switzerland ($47 per unit), while the price for Hong Kong SAR ($4.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Watch Movements; Complete and Assembled in Sweden (FOB) - 2022

The average export price for watch movements; complete and assembleds stood at $37 per unit in 2022, dropping by -34.1% against the previous year. Over the period under review, the export price saw a abrupt decrease. The growth pace was the most rapid in 2018 when the average export price increased by 11%. The export price peaked at $62 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($274 per unit), while the average price for exports to Norway ($8.7 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 United States (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Watch Movements; Complete and Assembled in Sweden

After three years of growth, supplies from abroad of watch movements; complete and assembleds decreased by -0.7% to 81K units in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 313%. As a result, imports reached the peak of 82K units, leveling off in the following year.

In value terms, watch movements; complete and assembled imports declined to $2.1M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 81% against the previous year. As a result, imports reached the peak of $2.1M, and then contracted modestly in the following year.

Import of Watch Movements; Complete and Assembled in Sweden (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	1,199	1,087	1,792	1,793	14.4%
Hong Kong SAR	9.9	4.3	0.9	114	125.8%
China	15.2	11.8	166	74.0	69.5%
Netherlands	146	40.8	58.5	49.3	-30.4%
Japan	4.0	5.5	13.0	13.5	50.0%
Others	30.1	24.9	96.6	50.8	19.1%
Total	1,404	1,174	2,126	2,095	14.3%

Top Suppliers of Watch Movements; Complete and Assembled to Sweden in 2022:

Switzerland (38.0K units)
Hong Kong SAR (24.1K units)
China (14.8K units)
Netherlands (2.2K units)
Japan (1.3K units)

Exports of Watch Movements; Complete and Assembled in Sweden

In 2022, exports of watch movements; complete and assembleds from Sweden skyrocketed to 19K units, growing by 17% against the previous year's figure. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 283% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, watch movements; complete and assembled exports fell notably to $722K in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 282%. As a result, the exports reached the peak of $935K, and then reduced markedly in the following year.

Export of Watch Movements; Complete and Assembled in Sweden (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	18.5	24.1	124	114	83.3%
Denmark	0.6	N/A	N/A	112	471.5%
Switzerland	65.8	18.3	385	105	16.9%
Israel	N/A	N/A	16.4	92.1	461.6%
Norway	148	52.1	70.1	85.5	-16.7%
Finland	0.9	N/A	N/A	68.9	324.6%
Hong Kong SAR	8.6	103	199	23.6	40.0%
Others	49.1	47.2	141	121	35.1%
Total	291	245	935	722	35.4%