Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Ethiopia - 2022

Contents:

1. Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Ethiopia (CIF) - 2022
2. Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Ethiopia

Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Ethiopia (CIF) - 2022

In 2022, the average import price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $16 per unit, waning by -23.1% against the previous year. Over the period under review, the import price saw a mild descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 93%. The import price peaked at $38 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -1.4% per year.

Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Ethiopia

Imports of watches; complete movements, unassembled or partly assembled (movement sets) into Ethiopia skyrocketed to 17 units in 2022, rising by 21% on the previous year's figure. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +6.7% 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 +21.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) dropped to $270 in 2022. Overall, imports, however, saw a pronounced contraction. The smallest decline of -3.3% was in 2021. Over the period under review, imports of hit record highs at $310 in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) to Ethiopia in 2022:

1. China (17.0 units)

Source: IndexBox Market Intelligence Platform