Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Norway - 2024

Contents:

  1. Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Norway (CIF) - 2022
  2. Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Norway (FOB) - 2022
  3. Imports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Norway
  4. Exports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Norway

Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Norway (CIF) - 2022

The average import price for clock movements; complete and assembled, other than battery, accumulator or mains powereds stood at $15 per unit in 2022, dropping by -65.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 322% against the previous year. As a result, import price reached the peak level of $89 per unit. From 2021 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 Sweden ($230 per unit), while the price for China ($6.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+38.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Norway (FOB) - 2022

The average export price for clock movements; complete and assembled, other than battery, accumulator or mains powereds stood at $35 per unit in 2022, with a decrease of -59.4% against the previous year. In general, the export price continues to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 541% against the previous year. Over the period under review, the average export prices hit record highs at $458 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -2.0% per year.

Imports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Norway

In 2022, approx. 14K units of clock movements; complete and assembled, other than battery, accumulator or mains powereds were imported into Norway; picking up by 967% against 2021 figures. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of clock movements; complete and assembled, other than battery, accumulator or mains powereds surged to $208K in 2022. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 417% against the previous year. As a result, imports attained the peak of $319K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)N/AN/AN/A82.70%
China9.015.02.871.399.3%
Germany18.29.210.514.8-6.7%
Hong Kong SARN/A1.3N/AN/A0%
Philippines23.7N/AN/AN/A0%
Others10.929443.038.952.8%
Total61.831956.320849.9%

Top Suppliers of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered to Norway in 2022:

  1. China (10.7K units)
  2. Taiwan (Chinese) (2.0K units)
  3. Germany (0.8K units)

Exports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Norway

For the fourth consecutive year, Norway recorded growth in shipments abroad of clock movements; complete and assembled, other than battery, accumulator or mains powereds, which increased by 82% to 71 units in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 850%. The exports peaked in 2022 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 shrank rapidly to $2.5K in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,079%. Over the period under review, the exports of attained the maximum at $3.3K in 2021, and then declined rapidly in the following year.

Export of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Norway (USD)
COUNTRY2019202020212022CAGR,
2019-2022
SwedenN/A6517002,37390.9%
DenmarkN/AN/A41.093.0126.8%
FranceN/AN/A31211.0-96.5%
Others56.09.02,295N/A540.2%
Total56.06603,3482,477253.7%

Top Export Markets for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered from Norway in 2022:

  1. Sweden (69.0 units)
  2. Denmark (1.0 units)
  3. France (1.0 units)

Source: IndexBox Market Intelligence Platform

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