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

Contents:

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

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

In 2022, the average import price for clock movements; complete and assembleds amounted to $5.5 per unit, declining by -14.4% against the previous year. In general, the import price, however, enjoyed mild growth. The pace of growth was the most pronounced in 2019 an increase of 681%. As a result, import price attained the peak level of $31 per unit. From 2020 to 2022, the average import prices failed to regain momentum.

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 Germany ($8 per unit), while the price for China ($1.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-0.5%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for clock movements; complete and assembleds amounted to $9.8 per unit, increasing by 7.6% against the previous year. Overall, the export price posted mild growth. The most prominent rate of growth was recorded in 2018 an increase of 259% against the previous year. As a result, the export price attained the peak level of $138 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($21 per unit), while the average price for exports to Slovenia ($5 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 the United Arab Emirates (+174.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clock Movements; Complete and Assembled in Morocco

In 2022, clock movements; complete and assembled imports into Morocco contracted dramatically to 644 units, dropping by -28.4% compared with the year before. In general, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 101%. As a result, imports reached the peak of 900 units, and then declined dramatically in the following year.

In value terms, clock movements; complete and assembled imports fell sharply to $3.6K in 2022. Overall, imports continue to indicate a sharp slump. The growth pace was the most rapid in 2021 with an increase of 17%. Imports peaked at $16K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Clock Movements; Complete and Assembled in Morocco (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil13837.062.02,604166.2%
France22511895593160.5%
Germany44183.016624.0-62.1%
China23629.010.013.0-62.0%
PhilippinesN/A4,4061,662N/A-62.3%
Denmark193N/AN/AN/A0%
Italy45894.0119N/A-49.0%
Others14,3782192,858N/A-55.4%
Total16,0694,9865,8323,572-39.4%

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

  1. Brazil (461.0 units)
  2. France (128.0 units)
  3. China (11.0 units)
  4. Germany (3.0 units)

Exports of Clock Movements; Complete and Assembled in Morocco

In 2022, the amount of clock movements; complete and assembleds exported from Morocco soared to 318 units, with an increase of 31% against the previous year. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 38%. The exports peaked at 321 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, clock movements; complete and assembled exports skyrocketed to $3.1K in 2022. In general, exports, however, recorded a dramatic slump. The exports peaked at $8K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Clock Movements; Complete and Assembled in Morocco (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Czech Republic4,6612,9151,4631,370-33.5%
Bahrain2,5055.0412395-46.0%
Kuwait11186.026125131.3%
Slovenia83.064.039.045.0-18.5%
Others68397639.01,06916.1%
Total8,0434,0462,2143,130-27.0%

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

  1. Czech Republic (144.0 units)
  2. Bahrain (50.0 units)
  3. Kuwait (12.0 units)
  4. Slovenia (9.0 units)

Source: IndexBox Market Intelligence Platform

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