Price for Clock Movements; Complete and Assembled in Hungary - 2023
Contents:
- Price for Clock Movements; Complete and Assembled in Hungary (CIF) - 2022
- Price for Clock Movements; Complete and Assembled in Hungary (FOB) - 2022
- Imports of Clock Movements; Complete and Assembled in Hungary
- Exports of Clock Movements; Complete and Assembled in Hungary
Price for Clock Movements; Complete and Assembled in Hungary (CIF) - 2022
The average import price for clock movements; complete and assembleds stood at $1.3 per unit in 2022, growing by 2.7% against the previous year. In general, the import price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2019 an increase of 49%. The import price peaked at $4.4 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2 per unit), while the price for Germany ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced a decline.
Price for Clock Movements; Complete and Assembled in Hungary (FOB) - 2022
In 2022, the average export price for clock movements; complete and assembleds amounted to $3.4 per unit, falling by -37.2% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when the average export price increased by 116%. The export price peaked at $10 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Romania.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +28.7% per year.
Imports of Clock Movements; Complete and Assembled in Hungary
In 2022, purchases abroad of clock movements; complete and assembleds increased by 139% to 108K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, clock movements; complete and assembled imports surged to $144K in 2022. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Clock Movements; Complete and Assembled in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 27.7 | 10.4 | 28.0 | 86.5 | 46.2% |
| Germany | 11.9 | 6.2 | 7.5 | 28.1 | 33.2% |
| Hong Kong SAR | 17.6 | 15.7 | 10.7 | 20.6 | 5.4% |
| Others | 13.0 | 14.8 | 12.5 | 9.0 | -11.5% |
| Total | 70.2 | 47.1 | 58.8 | 144 | 27.1% |
Top Suppliers of Clock Movements; Complete and Assembled to Hungary in 2022:
- China (44.3K units)
- Germany (42.8K units)
- Hong Kong SAR (18.8K units)
Exports of Clock Movements; Complete and Assembled in Hungary
In 2022, approx. 72 units of clock movements; complete and assembleds were exported from Hungary; waning by -93% on the previous year. Overall, exports continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 44%. The exports peaked at 1.2K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, clock movements; complete and assembled exports declined rapidly to $242 in 2022. In general, exports faced a sharp setback. The smallest decline of -22.8% was in 2021. Over the period under review, the exports hit record highs at $12K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Clock Movements; Complete and Assembled in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 0.7 | 0.1 | 0.4 | 0.2 | -34.1% |
| Slovakia | 0.1 | N/A | 1.3 | N/A | 260.6% |
| Poland | 0.8 | 0.9 | N/A | N/A | 12.5% |
| Estonia | 0.1 | 0.3 | 0.4 | N/A | 100.0% |
| Italy | 9.8 | 5.7 | 2.7 | N/A | -47.5% |
| Others | 0.9 | 0.1 | 0.7 | N/A | -11.8% |
| Total | 12.4 | 7.1 | 5.5 | 0.2 | -74.7% |
Top Export Markets for Clock Movements; Complete and Assembled from Hungary in 2022:
- Romania (70.0 units)
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