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

Contents:

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

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

In 2022, the average import price for clock movements; complete and assembled, electrically operateds amounted to $14 per unit, rising by 55% against the previous year. In general, the import price posted strong growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 90%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Thailand ($41 per unit), while the price for China amounted to $11 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+154.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for clock movements; complete and assembled, electrically operateds stood at $28 per unit in 2022, increasing by 17% against the previous year. Over the period under review, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 541%. As a result, the export price reached the peak level of $144 per unit. From 2020 to 2022, the average export prices remained 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 Canada ($545 per unit), while the average price for exports to Indonesia ($15 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 Canada (+191.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of clock movements; complete and assembled, electrically operateds decreased by -45.1% to 4.6K units, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 41%. As a result, imports reached the peak of 14K units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of clock movements; complete and assembled, electrically operateds contracted to $63K in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 22% against the previous year. Over the period under review, imports of reached the peak figure at $74K in 2021, and then shrank in the following year.

Import of Clock Movements; Complete and Assembled, Electrically Operated in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China29.932.251.046.215.6%
ThailandN/AN/AN/A3.10%
Others25.134.823.213.9-17.9%
Total55.067.074.263.24.7%

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

  1. China (4.2K units)
  2. Thailand (0.1K units)

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

In 2022, approx. 1.6K units of clock movements; complete and assembled, electrically operateds were exported from Singapore; with an increase of 47% compared with the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 311%. As a result, the exports attained the peak of 6.4K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of clock movements; complete and assembled, electrically operateds skyrocketed to $43K in 2022. In general, exports, however, showed a dramatic downturn. The exports peaked at $226K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Clock Movements; Complete and Assembled, Electrically Operated in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PanamaN/AN/AN/A20.80%
JapanN/AN/AN/A7.00%
Taiwan (Chinese)N/AN/AN/A6.00%
MongoliaN/AN/AN/A4.00%
Vietnam17.81.92.11.5-56.2%
IndonesiaN/A23.91.40.7-82.9%
Australia9.72.02.80.5-62.8%
Malaysia9.64.1N/A0.2-72.5%
India18.03.016.3N/A-4.8%
PhilippinesN/A45.00.5N/A-98.9%
United Arab Emirates169N/A1.9N/A-89.4%
South AfricaN/A10.4N/AN/A0%
Others1.59.10.22.620.1%
Total22699.425.343.2-42.4%

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

  1. Panama (746.0 units)
  2. Japan (416.0 units)
  3. Taiwan (Chinese) (143.0 units)
  4. Mongolia (118.0 units)
  5. Indonesia (50.0 units)
  6. Vietnam (37.0 units)
  7. Australia (26.0 units)
  8. Malaysia (7.0 units)

Source: IndexBox Market Intelligence Platform

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