Price for Clock Movements; Complete and Assembled in Hong Kong SAR - 2023
Contents:
- Price for Clock Movements; Complete and Assembled in Hong Kong SAR (FOB) - 2022
- Price for Clock Movements; Complete and Assembled in Hong Kong SAR (CIF) - 2022
- Exports of Clock Movements; Complete and Assembled in Hong Kong SAR
- Imports of Clock Movements; Complete and Assembled in Hong Kong SAR
Price for Clock Movements; Complete and Assembled in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for clock movements; complete and assembleds amounted to $2.7 per unit, increasing by 24% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clock movements; complete and assembled export price increased by +47.3% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 42% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($6.6 per unit), while the average price for exports to the UK ($0.8 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 Indonesia (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Clock Movements; Complete and Assembled in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for clock movements; complete and assembleds amounted to $2.3 per unit, approximately reflecting the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clock movements; complete and assembled import price decreased by -18.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 51% against the previous year. As a result, import price reached the peak level of $2.8 per unit. From 2019 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 Japan ($4.4 per unit), while the price for China ($1.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Clock Movements; Complete and Assembled in Hong Kong SAR
In 2022, exports of clock movements; complete and assembleds from Hong Kong SAR contracted markedly to 957K units, shrinking by -52.2% compared with 2021 figures. Overall, exports showed a precipitous slump. The pace of growth was the most pronounced in 2021 with an increase of 17%. Over the period under review, the exports attained the peak figure at 2.1M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, clock movements; complete and assembled exports declined remarkably to $2.5M in 2022. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, the exports attained the peak of $4.3M, and then dropped significantly in the following year.
| Export of Clock Movements; Complete and Assembled in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,986 | 1,242 | 1,305 | 1,430 | -10.4% |
| Germany | 182 | 365 | 763 | 329 | 21.8% |
| United States | 845 | 750 | 960 | 289 | -30.1% |
| Japan | 213 | 279 | 382 | 89.0 | -25.2% |
| Indonesia | 76.5 | 32.7 | 136 | 76.3 | -0.1% |
| Taiwan (Chinese) | 212 | 140 | 332 | 73.6 | -29.7% |
| Malaysia | 32.3 | 33.8 | 28.3 | 37.9 | 5.5% |
| United Kingdom | 13.1 | 11.9 | 30.8 | 16.5 | 8.0% |
| India | 34.6 | 2.6 | 63.5 | 1.1 | -68.3% |
| Others | 270 | 238 | 297 | 201 | -9.4% |
| Total | 3,865 | 3,096 | 4,298 | 2,542 | -13.0% |
Top Export Markets for Clock Movements; Complete and Assembled from Hong Kong SAR in 2022:
- China (570.9K units)
- United States (78.1K units)
- Germany (50.0K units)
- Taiwan (Chinese) (49.6K units)
- Indonesia (45.1K units)
- Japan (23.8K units)
- United Kingdom (20.9K units)
- Malaysia (19.0K units)
- India (2.0K units)
Imports of Clock Movements; Complete and Assembled in Hong Kong SAR
In 2022, approx. 1.1M units of clock movements; complete and assembleds were imported into Hong Kong SAR; which is down by -32.6% against 2021 figures. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, imports attained the peak of 1.7M units, and then fell dramatically in the following year.
In value terms, clock movements; complete and assembled imports fell dramatically to $2.5M in 2022. Overall, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year. Over the period under review, imports hit record highs at $4.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Clock Movements; Complete and Assembled in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 2,407 | 1,907 | 2,133 | 1,883 | -7.9% |
| Japan | 175 | 170 | 310 | 296 | 19.1% |
| China | 1,293 | 1,193 | 1,223 | 273 | -40.5% |
| Germany | 53.2 | 26.7 | 51.4 | 50.3 | -1.9% |
| Others | 357 | 74.2 | 20.0 | 46.0 | -49.5% |
| Total | 4,285 | 3,371 | 3,737 | 2,548 | -15.9% |
Top Suppliers of Clock Movements; Complete and Assembled to Hong Kong SAR in 2022:
- Thailand (843.4K units)
- China (186.8K units)
- Japan (67.8K units)
- Germany (25.2K units)
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