Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in India - 2023
Contents:
- Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in India (CIF) - 2023
- Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in India (FOB) - 2022
- Imports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in India
- Exports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in India
Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in India (CIF) - 2023
The average import price for clock movements; complete and assembled, other than battery, accumulator or mains powereds stood at $121 per thousand units in November 2023, increasing by 9.6% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 99% m-o-m. The import price peaked at $141 per thousand units in February 2023; however, from March 2023 to November 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -0.1% per month.
Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in India (FOB) - 2022
The average export price for clock movements; complete and assembled, other than battery, accumulator or mains powereds stood at $0.5 per unit in 2022, waning by -81.9% against the previous year. In general, the export price showed a deep slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 2,545% against the previous year. As a result, the export price attained the peak level of $9.9 per unit. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6.4 per unit), while the average price for exports to Algeria ($0.3 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 Algeria (+14.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in India
In 2022, approx. 40M units of clock movements; complete and assembled, other than battery, accumulator or mains powereds were imported into India; with a decrease of -4.9% against 2021. In general, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. Over the period under review, imports of hit record highs at 54M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of clock movements; complete and assembled, other than battery, accumulator or mains powereds reduced slightly to $3.4M in 2022. Over the period under review, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. Imports peaked at $4.4M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 2.8 | 3.4 | 3.3 | -8.4% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 4.4 | 2.9 | 3.5 | 3.4 | -8.2% |
Top Suppliers of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered to India in 2022:
- China (39.8M units)
Exports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in India
In 2022, approx. 64K units of clock movements; complete and assembled, other than battery, accumulator or mains powereds were exported from India; jumping by 152% on 2021 figures. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of clock movements; complete and assembled, other than battery, accumulator or mains powereds contracted sharply to $30K in 2022. Over the period under review, exports, however, saw a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. The exports peaked at $331K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | N/A | N/A | N/A | 13.4 | 0% |
| Nepal | 3.8 | 16.6 | 5.6 | 3.7 | -0.9% |
| Bangladesh | 0.7 | 0.5 | N/A | 3.1 | 64.2% |
| Ukraine | 1.4 | 1.0 | 3.2 | 1.7 | 6.7% |
| United States | 4.5 | 15.1 | 19.6 | 1.5 | -30.7% |
| Myanmar | N/A | N/A | N/A | 1.0 | 0% |
| Yemen | N/A | 0.2 | N/A | 0.6 | 73.2% |
| United Arab Emirates | 6.8 | N/A | N/A | 0.6 | -55.5% |
| Hong Kong SAR | 299 | N/A | N/A | 0.4 | -89.0% |
| Italy | 2.2 | 0.6 | N/A | N/A | -72.7% |
| Others | 13.1 | 11.7 | 36.4 | 3.7 | -34.4% |
| Total | 331 | 45.7 | 64.9 | 29.6 | -55.3% |
Top Export Markets for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered from India in 2022:
- Algeria (50.0K units)
- Nepal (5.8K units)
- Yemen (2.1K units)
- Ukraine (2.0K units)
- Bangladesh (1.4K units)
- Myanmar (1.0K units)
- United Arab Emirates (0.3K units)
- United States (0.2K units)
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