Price for Clock Movements; Complete and Assembled in China - 2023
Contents:
- Price for Clock Movements; Complete and Assembled in China (FOB) - 2022
- Price for Clock Movements; Complete and Assembled in China (CIF) - 2022
- Exports of Clock Movements; Complete and Assembled in China
- Imports of Clock Movements; Complete and Assembled in China
Price for Clock Movements; Complete and Assembled in China (FOB) - 2022
The average export price for clock movements; complete and assembleds stood at $0.3 per unit in 2022, rising by 4.3% against the previous year. Overall, the export price showed a slight increase. The most prominent rate of growth was recorded in 2020 an increase of 14%. The export price peaked at $0.3 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($1 per unit), while the average price for exports to Pakistan ($0.1 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 South Korea (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Clock Movements; Complete and Assembled in China (CIF) - 2022
The average import price for clock movements; complete and assembleds stood at $3.4 per unit in 2022, increasing by 16% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 33% against the previous year. As a result, import price attained the peak level of $7.9 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($32 per unit), while the price for Thailand ($1.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Clock Movements; Complete and Assembled in China
In 2022, clock movements; complete and assembled exports from China dropped to 82M units, falling by -4.7% on 2021. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 18%. Over the period under review, the exports hit record highs at 99M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, clock movements; complete and assembled exports dropped modestly to $26M in 2022. The total export value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 23%. As a result, the exports reached the peak of $26M, leveling off in the following year.
| Export of Clock Movements; Complete and Assembled in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.2 | 4.9 | 7.1 | 6.1 | -5.4% |
| Indonesia | 2.5 | 1.4 | 2.4 | 2.7 | 2.6% |
| United States | 1.8 | 1.2 | 1.6 | 1.7 | -1.9% |
| Turkey | 1.5 | 1.4 | 1.3 | 1.6 | 2.2% |
| South Korea | 1.1 | 1.0 | 1.2 | 1.3 | 5.7% |
| Brazil | 0.8 | 0.9 | 0.8 | 1.2 | 14.5% |
| Malaysia | N/A | 0.2 | 1.2 | 1.2 | 144.9% |
| Vietnam | 2.0 | 1.5 | 0.8 | 1.2 | -15.7% |
| Russia | 0.4 | 0.2 | 0.7 | 1.0 | 35.7% |
| Bangladesh | 0.4 | 0.4 | 0.6 | 0.7 | 20.5% |
| Belarus | 0.6 | 1.0 | 1.0 | 0.5 | -5.9% |
| Pakistan | 0.1 | 0.3 | 0.5 | 0.5 | 71.0% |
| Iran | 1.3 | 0.4 | 0.6 | 0.3 | -38.7% |
| Others | 5.5 | 6.4 | 6.8 | 6.1 | 3.5% |
| Total | 25.3 | 21.4 | 26.4 | 26.2 | 1.2% |
Top Export Markets for Clock Movements; Complete and Assembled from China in 2022:
- India (26.3M units)
- Indonesia (13.6M units)
- Turkey (5.7M units)
- Brazil (5.4M units)
- Malaysia (4.2M units)
- Pakistan (3.5M units)
- Bangladesh (2.3M units)
- Vietnam (2.2M units)
- Russia (2.2M units)
- United States (2.1M units)
- South Korea (1.4M units)
- Belarus (1.2M units)
- Iran (0.8M units)
Imports of Clock Movements; Complete and Assembled in China
In 2022, approx. 812K units of clock movements; complete and assembleds were imported into China; growing by 14% against 2021. Overall, imports, however, faced a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. Imports peaked at 1.2M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, clock movements; complete and assembled imports surged to $2.7M in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Over the period under review, imports hit record highs at $2.8M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Clock Movements; Complete and Assembled in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,373 | 475 | 579 | 1,189 | -4.7% |
| Thailand | 495 | 437 | 904 | 1,039 | 28.0% |
| Japan | 189 | 132 | 280 | 284 | 14.5% |
| United Kingdom | 0.6 | N/A | 0.4 | 38.6 | 300.7% |
| Vietnam | 609 | 26.3 | 0.1 | N/A | -98.7% |
| Others | 84.1 | 358 | 314 | 196 | 32.6% |
| Total | 2,750 | 1,428 | 2,078 | 2,746 | -0.0% |
Top Suppliers of Clock Movements; Complete and Assembled to China in 2022:
- Thailand (551.4K units)
- Japan (67.0K units)
- Germany (36.8K units)
- United Kingdom (18.9K units)
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