Price for Clock Movements; Complete and Assembled, Electrically Operated in Vietnam - 2022
Contents:
- Price for Clock Movements; Complete and Assembled, Electrically Operated in Vietnam (CIF) - 2022
- Price for Clock Movements; Complete and Assembled, Electrically Operated in Vietnam (FOB) - 2022
- Imports of Clock Movements; Complete and Assembled, Electrically Operated in Vietnam
- Exports of Clock Movements; Complete and Assembled, Electrically Operated in Vietnam
Price for Clock Movements; Complete and Assembled, Electrically Operated in Vietnam (CIF) - 2022
In 2022, the average import price for clock movements; complete and assembled, electrically operateds amounted to $3.7 per unit, increasing by 10% against the previous year. Over the period under review, the import price recorded a tangible increase. The most prominent rate of growth was recorded in 2013 an increase of 52%. The import price peaked at $6.2 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($3.7 per unit), while the price for Thailand stood at $3.7 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.1%), while the prices for the other major suppliers experienced a decline.
Price for Clock Movements; Complete and Assembled, Electrically Operated in Vietnam (FOB) - 2022
The average export price for clock movements; complete and assembled, electrically operateds stood at $15 per unit in 2022, rising by 24% against the previous year. Over the period under review, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of 278% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($23 per unit), while the average price for exports to China stood at $5 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+4.8%), while the prices for the other major destinations experienced a decline.
Imports of Clock Movements; Complete and Assembled, Electrically Operated in Vietnam
For the third consecutive year, Vietnam recorded decline in overseas purchases of clock movements; complete and assembled, electrically operateds, which decreased by -21.3% to 59K units in 2022. In general, imports showed a precipitous setback. Over the period under review, imports of hit record highs at 206K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of clock movements; complete and assembled, electrically operateds declined to $223K in 2022. Over the period under review, imports saw a precipitous decline. Imports peaked at $798K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Clock Movements; Complete and Assembled, Electrically Operated in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 746 | 263 | 225 | 218 | -33.6% |
| Thailand | 2.7 | 1.9 | 3.0 | 4.7 | 20.3% |
| Hong Kong SAR | 13.9 | 1.7 | 2.9 | N/A | -54.3% |
| Italy | N/A | 7.2 | N/A | N/A | 0% |
| Others | 36.1 | 33.8 | 24.8 | N/A | -17.1% |
| Total | 798 | 308 | 256 | 223 | -34.6% |
Top Suppliers of Clock Movements; Complete and Assembled, Electrically Operated to Vietnam in 2022:
- China (58.2K units)
- Thailand (1.3K units)
Exports of Clock Movements; Complete and Assembled, Electrically Operated in Vietnam
In 2022, approx. 158 units of clock movements; complete and assembled, electrically operateds were exported from Vietnam; waning by -74% against 2021. Over the period under review, exports recorded a sharp curtailment. The exports peaked at 129K 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 contracted sharply to $2.4K in 2022. In general, exports continue to indicate a dramatic downturn. The exports peaked at $1M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Clock Movements; Complete and Assembled, Electrically Operated in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 696 | 22.2 | 7.1 | 2.0 | -85.8% |
| China | 164 | 7.9 | N/A | 0.3 | -87.8% |
| South Korea | 38.5 | N/A | N/A | N/A | 0% |
| Japan | 129 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 2.9 | N/A | N/A | N/A | 0% |
| Others | 9.8 | 17.5 | 0.3 | 0.1 | -78.3% |
| Total | 1,040 | 47.6 | 7.5 | 2.4 | -86.8% |
Top Export Markets for Clock Movements; Complete and Assembled, Electrically Operated from Vietnam in 2022:
- Hong Kong SAR (85.0 units)
- China (64.0 units)
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