Price for Clock Movements; Complete and Assembled, Electrically Operated in Denmark - 2023

Contents:

  1. Price for Clock Movements; Complete and Assembled, Electrically Operated in Denmark (CIF) - 2023
  2. Price for Clock Movements; Complete and Assembled, Electrically Operated in Denmark (FOB) - 2022
  3. Imports of Clock Movements; Complete and Assembled, Electrically Operated in Denmark
  4. Exports of Clock Movements; Complete and Assembled, Electrically Operated in Denmark

Price for Clock Movements; Complete and Assembled, Electrically Operated in Denmark (CIF) - 2023

The average import price for clock movements; complete and assembled, electrically operateds stood at $7.8 per unit in October 2023, surging by 40% against the previous month. In general, the import price, however, recorded a perceptible descent. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 562% m-o-m. As a result, import price reached the peak level of $28.7 per unit. From March 2023 to October 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($30.1 per unit), while the price for Germany ($6.7 per unit) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clock Movements; Complete and Assembled, Electrically Operated in Denmark (FOB) - 2022

In 2022, the average export price for clock movements; complete and assembled, electrically operateds amounted to $31 per unit, with a decrease of -20.3% against the previous year. Over the period under review, the export price faced a precipitous curtailment. The pace of growth was the most pronounced in 2019 an increase of 224%. Over the period under review, the average export prices attained the maximum at $918 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($67 per unit), while the average price for exports to Greenland ($6.8 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 Kuwait (+10.8%), while the prices for the other major destinations experienced a decline.

Imports of Clock Movements; Complete and Assembled, Electrically Operated in Denmark

Imports of clock movements; complete and assembled, electrically operateds into Denmark surged to 64K units in 2022, growing by 40% compared with the previous year. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 226%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of clock movements; complete and assembled, electrically operateds reduced to $363K in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, imports reached the peak of $363K, leveling off in the following year.

Import of Clock Movements; Complete and Assembled, Electrically Operated in Denmark (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China74.778.916419938.6%
Germany2.12.01.6100262.5%
BangladeshN/A86.60.64.1-78.2%
TurkeyN/A14.21.80.1-91.6%
Others11057.219559.6-18.5%
Total18723936336324.7%

Top Suppliers of Clock Movements; Complete and Assembled, Electrically Operated to Denmark in 2022:

  1. China (49.5K units)
  2. Germany (12.6K units)
  3. Bangladesh (0.6K units)

Exports of Clock Movements; Complete and Assembled, Electrically Operated in Denmark

For the fourth year in a row, Denmark recorded growth in shipments abroad of clock movements; complete and assembled, electrically operateds, which increased by 62% to 6.6K units in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 72% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of clock movements; complete and assembled, electrically operateds soared to $205K in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 55%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

Export of Clock Movements; Complete and Assembled, Electrically Operated in Denmark (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SARN/A46.664.010348.7%
United States90.29.139.368.5-8.8%
KuwaitN/AN/AN/A12.80%
Norway12.638.25.23.0-38.0%
GreenlandN/A0.3N/A2.7200.0%
Switzerland1.83.026.51.7-1.9%
Others10.35.524.013.710.0%
Total11510315920521.3%

Top Export Markets for Clock Movements; Complete and Assembled, Electrically Operated from Denmark in 2022:

  1. Hong Kong SAR (3154.0 units)
  2. Kuwait (1578.0 units)
  3. United States (1023.0 units)
  4. Greenland (394.0 units)
  5. Norway (216.0 units)
  6. Switzerland (68.0 units)

Source: IndexBox Market Intelligence Platform

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