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

Contents:

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

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

In 2022, the average import price for clock movements; complete and assembled, electrically operateds amounted to $0.5 per unit, declining by -30.1% against the previous year. Overall, the import price recorded a precipitous contraction. The growth pace was the most rapid in 2020 when the average import price increased by 75% against the previous year. Over the period under review, average import prices attained the maximum at $6.8 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1.6 per unit), while the price for China totaled $0.5 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-3.7%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for clock movements; complete and assembled, electrically operateds amounted to $3.9 per unit, increasing by 39% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2017 an increase of 447%. Over the period under review, the average export prices reached the peak figure at $9.2 per unit in 2018; however, from 2019 to 2022, the export prices remained at a 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 Iraq ($6.3 per unit), while the average price for exports to Romania amounted to $2.9 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (-1.0%), while the prices for the other major destinations experienced a decline.

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

Imports of clock movements; complete and assembled, electrically operateds into Hungary surged to 212K units in 2022, jumping by 243% compared with 2021. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of clock movements; complete and assembled, electrically operateds surged to $115K in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Clock Movements; Complete and Assembled, Electrically Operated in Hungary (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China22.720.531.193.160.1%
Germany8.86.85.516.022.1%
Hong Kong SAR14.3N/AN/AN/A0%
Others8.76.511.66.1-11.2%
Total54.533.848.111528.3%

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

  1. China (201.3K units)
  2. Germany (10.2K units)

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

In 2022, shipments abroad of clock movements; complete and assembled, electrically operateds decreased by -89.5% to 100 units, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a precipitous curtailment. The growth pace was the most rapid in 2020 with an increase of 188% against the previous year. As a result, the exports reached the peak of 1.8K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of clock movements; complete and assembled, electrically operateds fell dramatically to $392 in 2022. In general, exports continue to indicate a significant curtailment. The growth pace was the most rapid in 2020 with an increase of 172%. As a result, the exports reached the peak of $4K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Clock Movements; Complete and Assembled, Electrically Operated in Hungary (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Romania546463525204-28.0%
IraqN/AN/AN/A1880%
Slovakia31.0N/A1,672N/A634.4%
Poland8063,516N/AN/A336.2%
Others82.01.0479N/A141.7%
Total1,4653,9802,676392-35.6%

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

  1. Romania (70.0 units)
  2. Iraq (30.0 units)

Source: IndexBox Market Intelligence Platform

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