Price for Clock Movements; Complete and Assembled in Australia - 2023

Contents:

  1. Price for Clock Movements; Complete and Assembled in Australia (CIF) - 2022
  2. Price for Clock Movements; Complete and Assembled in Australia (FOB) - 2022
  3. Imports of Clock Movements; Complete and Assembled in Australia
  4. Exports of Clock Movements; Complete and Assembled in Australia

Price for Clock Movements; Complete and Assembled in Australia (CIF) - 2022

The average import price for clock movements; complete and assembleds stood at $4.1 per unit in 2022, with an increase of 2.8% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clock movements; complete and assembled import price decreased by -21.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 37%. As a result, import price reached the peak level of $5.2 per unit. From 2020 to 2022, the average import prices remained at a 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 Germany ($28 per unit), while the price for Taiwan (Chinese) ($1.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+37.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clock Movements; Complete and Assembled in Australia (FOB) - 2022

The average export price for clock movements; complete and assembleds stood at $37 per unit in 2022, reducing by -62.8% against the previous year. Over the period under review, the export price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 4,225% against the previous year. As a result, the export price reached the peak level of $809 per unit. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($52 per unit), while the average price for exports to New Zealand ($16 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 India (+161.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Clock Movements; Complete and Assembled in Australia

In 2022, approx. 33K units of clock movements; complete and assembleds were imported into Australia; declining by -27.9% compared with the year before. Over the period under review, total imports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.0% 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 +23.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 71%. As a result, imports reached the peak of 46K units, and then shrank markedly in the following year.

In value terms, clock movements; complete and assembled imports reduced notably to $138K in 2022. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, imports reached the peak of $186K, and then shrank rapidly in the following year.

Import of Clock Movements; Complete and Assembled in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany31.027.010.133.42.5%
China38.025.163.732.9-4.7%
Hong Kong SAR22.31.12.426.55.9%
Taiwan (Chinese)8.112.59.712.615.9%
United States28.76.213.810.0-29.6%
JapanN/A31.323.2N/A-25.9%
Others36.319.162.922.4-14.9%
Total165122186138-5.8%

Top Suppliers of Clock Movements; Complete and Assembled to Australia in 2022:

  1. China (17.2K units)
  2. Taiwan (Chinese) (9.2K units)
  3. United States (3.7K units)
  4. Hong Kong SAR (1.6K units)
  5. Germany (1.2K units)

Exports of Clock Movements; Complete and Assembled in Australia

In 2022, approx. 773 units of clock movements; complete and assembleds were exported from Australia; growing by 163% compared with the previous year. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,949%. As a result, the exports reached the peak of 18K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, clock movements; complete and assembled exports reduced slightly to $29K in 2022. Over the period under review, exports, however, saw a significant decline. The exports peaked at $480K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Clock Movements; Complete and Assembled in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
New Zealand9.03170.67.8-4.7%
United StatesN/AN/A1.25.5358.3%
GermanyN/AN/AN/A5.20%
SpainN/AN/AN/A0.60%
Others47152.527.39.4-72.9%
Total48036929.228.5-61.0%

Top Export Markets for Clock Movements; Complete and Assembled from Australia in 2022:

  1. New Zealand (490.0 units)
  2. United States (132.0 units)
  3. Germany (100.0 units)
  4. Spain (27.0 units)

Source: IndexBox Market Intelligence Platform

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