Price for Clock Movements; Complete and Assembled in Oman - 2021

Contents:

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

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

In 2022, the average import price for clock movements; complete and assembleds amounted to $7.6 per unit, picking up by 29% against the previous year. Overall, the import price, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2015 when the average import price increased by 79%. Over the period under review, average import prices reached the maximum at $18 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($11 per unit), while the price for India ($2.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.4%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for clock movements; complete and assembleds amounted to $334 per unit, dropping by -9.5% against the previous year. Over the period under review, the export price, however, saw a significant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 444%. Over the period under review, the average export prices attained the peak figure at $369 per unit in 2021, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to +58.9% per year.

Imports of Clock Movements; Complete and Assembled in Oman

In 2022, supplies from abroad of clock movements; complete and assembleds decreased by -49.5% to 31K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 566% against the previous year. Imports peaked at 61K units in 2021, and then shrank dramatically in the following year.

In value terms, clock movements; complete and assembled imports dropped rapidly to $233K in 2022. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 342% against the previous year. Imports peaked at $356K in 2021, and then fell sharply in the following year.

Import of Clock Movements; Complete and Assembled in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland5.936.515098.2155.3%
BahrainN/AN/AN/A89.30%
Pakistan11.237.838.630.139.0%
France0.11.15.83.8236.2%
IndiaN/A20.2N/A3.7-57.2%
United Arab Emirates1.91.31532.36.6%
Others5.813.28.25.90.6%
Total24.9110356233110.7%

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

  1. Switzerland (12.1K units)
  2. Bahrain (11.0K units)
  3. Pakistan (3.7K units)
  4. India (1.6K units)
  5. France (0.5K units)
  6. United Arab Emirates (0.3K units)

Exports of Clock Movements; Complete and Assembled in Oman

In 2022, overseas shipments of clock movements; complete and assembleds were finally on the rise to reach 86 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a dramatic contraction. Over the period under review, the exports reached the maximum at 229 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, clock movements; complete and assembled exports expanded to $29K in 2022. Overall, exports, however, faced a abrupt downturn. Over the period under review, the exports attained the peak figure at $46K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Clock Movements; Complete and Assembled in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Qatar45.729.326.528.7-14.4%
OthersN/A0.51.2N/A140.0%
Total45.729.827.728.7-14.4%

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

  1. Qatar (86.0 units)

Source: IndexBox Market Intelligence Platform

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