Price for Clock Movements; Complete and Assembled in Guatemala - 2022

Contents:

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

Price for Clock Movements; Complete and Assembled in Guatemala (CIF) - 2022

The average import price for clock movements; complete and assembleds stood at $30 per unit in 2022, growing by 45% against the previous year. In general, the import price recorded a strong increase. The pace of growth was the most pronounced in 2019 an increase of 843% against the previous year. As a result, import price attained the peak level of $72 per unit. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($243 per unit), while the price for China ($5.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clock Movements; Complete and Assembled in Guatemala (FOB) - 2022

The average export price for clock movements; complete and assembleds stood at $109 per unit in 2022, falling by -4.8% against the previous year. In general, the export price, however, enjoyed strong growth. The growth pace was the most rapid in 2020 an increase of 77% against the previous year. Over the period under review, the average export prices attained the maximum at $115 per unit in 2021, and then contracted slightly in the following year.

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 Honduras ($149 per unit), while the average price for exports to Slovenia ($9 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 Costa Rica (+151.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clock Movements; Complete and Assembled in Guatemala

After three years of growth, supplies from abroad of clock movements; complete and assembleds decreased by -51.2% to 187 units in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 170%. Over the period under review, imports attained the peak figure at 383 units in 2021, and then fell markedly in the following year.

In value terms, clock movements; complete and assembled imports declined notably to $5.6K in 2022. Overall, imports faced a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Over the period under review, imports attained the peak figure at $8.3K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Clock Movements; Complete and Assembled in Guatemala (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1,0041961,3843,40150.2%
Panama9734778121,0101.3%
El Salvador38829630.070021.7%
China26.086126.0422153.2%
Spain305376751N/A56.9%
Switzerland298104106N/A-40.4%
Colombia318439530N/A29.1%
Hong Kong SAR4,3612,0882,913N/A-18.3%
Germany5239631,162N/A49.1%
Others88.036.023187.0-0.4%
Total8,2845,8367,9455,620-12.1%

Top Suppliers of Clock Movements; Complete and Assembled to Guatemala in 2022:

  1. China (71.0 units)
  2. Panama (53.0 units)
  3. El Salvador (48.0 units)
  4. United States (14.0 units)

Exports of Clock Movements; Complete and Assembled in Guatemala

In 2022, the amount of clock movements; complete and assembleds exported from Guatemala declined remarkably to 41 units, waning by -43.8% compared with 2021 figures. Overall, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,117% against the previous year. As a result, the exports attained the peak of 73 units, and then reduced notably in the following year.

In value terms, clock movements; complete and assembled exports shrank sharply to $4.5K in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,332% against the previous year. As a result, the exports attained the peak of $8.4K, and then declined remarkably in the following year.

Export of Clock Movements; Complete and Assembled in Guatemala (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras1071107,2292,976203.0%
United KingdomN/AN/AN/A9170%
Nicaragua792391707408-19.8%
El Salvador36.040.020183.032.1%
NorwayN/AN/A21580.0-62.8%
SloveniaN/AN/A10.09.0-10.0%
Spain41.0N/AN/AN/A0%
Belize354N/AN/AN/A0%
Others44.043.0N/AN/A-2.3%
Total1,3745848,3624,47348.2%

Top Export Markets for Clock Movements; Complete and Assembled from Guatemala in 2022:

  1. Honduras (20.0 units)
  2. United Kingdom (15.0 units)
  3. Nicaragua (3.0 units)
  4. El Salvador (1.0 units)
  5. Slovenia (1.0 units)
  6. Norway (1.0 units)

Source: IndexBox Market Intelligence Platform

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