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

Contents:

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

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

The average import price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $2.8 per unit in 2021, waning by -11.2% against the previous year. In general, the import price faced a dramatic slump. The most prominent rate of growth was recorded in 2016 an increase of 36%. The import price peaked at $23 per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($156 per unit), while the price for China stood at $0.6 per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+23.5%).

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

The average export price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $47 per unit in 2022, shrinking by -4.1% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for watches; complete movements, unassembled or partly assembled (movement sets) decreased by -5.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 50% against the previous year. As a result, the export price reached the peak level of $50 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($51 per unit), while the average price for exports to Thailand ($27 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 Thailand (+10.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, overseas purchases of watches; complete movements, unassembled or partly assembled (movement sets) decreased by 99.9% to less than 0.1 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 1,060% against the previous year. As a result, imports reached the peak of 8.1K units, and then contracted dramatically in the following year.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) declined remarkably to $186 in 2022. In general, imports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 929% against the previous year. As a result, imports attained the peak of $23K, and then contracted dramatically in the following year.

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

1. China (8.0K units)

Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Kuwait

In 2022, after three years of growth, there was significant decline in shipments abroad of watches; complete movements, unassembled or partly assembled (movement sets), when their volume decreased by -42.9% to 12 units. In general, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 950%. As a result, the exports attained the peak of 21 units, and then fell significantly in the following year.

In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) fell remarkably to $563 in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 937% against the previous year. As a result, the exports reached the peak of $1K, and then plummeted in the following year.

Top Export Markets for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) from Kuwait in 2022:

1. United Arab Emirates (9.0 units)
2. Thailand (2.0 units)
3. Sweden (1.0 units)

Source: IndexBox Market Intelligence Platform