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

Contents:

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

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

The average import price for clock movements; complete and assembled, electrically operateds stood at $1.3 per unit in 2022, surging by 40% against the previous year. Overall, the import price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of 143% against the previous year. As a result, import price attained the peak level of $1.7 per unit. From 2017 to 2022, the average import prices failed to regain momentum.

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 Finland ($5 per unit), while the price for China ($0.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%).

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

In 2022, the average export price for clock movements; complete and assembled, electrically operateds amounted to $191 per unit, picking up by 8.4% against the previous year. In general, the export price saw a significant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 322% against the previous year. Over the period under review, the average export prices reached the maximum at $199 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($212 per unit), while the average price for exports to Kyrgyzstan amounted to $0.2 per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+28.3%).

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

For the third consecutive year, Lithuania recorded decline in purchases abroad of clock movements; complete and assembled, electrically operateds, which decreased by -7.4% to 12K units in 2022. Overall, imports faced a dramatic slump. Imports peaked at 126K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of clock movements; complete and assembled, electrically operateds soared to $15K in 2022. Over the period under review, imports faced a sharp shrinkage. Over the period under review, imports of reached the maximum at $62K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Clock Movements; Complete and Assembled, Electrically Operated in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany4.75.95.94.80.7%
China56.849.54.44.3-57.7%
FinlandN/AN/AN/A1.90%
Others0.20.61.54.3178.1%
Total61.756.011.715.3-37.2%

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

  1. China (8.0K units)
  2. Germany (3.2K units)
  3. Finland (0.4K units)

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

Exports of clock movements; complete and assembled, electrically operateds from Lithuania shrank rapidly to 52 units in 2022, with a decrease of -45.3% on the year before. In general, exports showed a significant curtailment. The smallest decline of -11.5% was in 2020. The exports peaked at 122 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of clock movements; complete and assembled, electrically operateds declined notably to $10K in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 112%. As a result, the exports reached the peak of $21K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Export of Clock Movements; Complete and Assembled, Electrically Operated in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
TurkeyN/AN/AN/A10.00%
Russia10.021.516.8N/A29.6%
KyrgyzstanN/AN/AN/AN/A0%
UkraineN/AN/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total10.121.516.810.0-0.3%

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

  1. Turkey (47.0 units)
  2. Kyrgyzstan (5.0 units)

Source: IndexBox Market Intelligence Platform

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