Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Singapore - 2023
Contents:
- Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Singapore (CIF) - 2022
- Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Singapore (FOB) - 2022
- Imports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Singapore
- Exports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Singapore
Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Singapore (CIF) - 2022
The average import price for clock movements; complete and assembled, other than battery, accumulator or mains powereds stood at $7.7 per unit in 2022, waning by -64.3% against the previous year. Over the period under review, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 374%. Over the period under review, average import prices attained the peak figure at $40 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($631 per unit), while the price for China ($2.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+22.8%), 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 Singapore (FOB) - 2022
In 2022, the average export price for clock movements; complete and assembled, other than battery, accumulator or mains powereds amounted to $58 per unit, which is down by -40.6% against the previous year. In general, the export price, however, enjoyed a measured expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 84% against the previous year. Over the period under review, the average export prices hit record highs at $98 per unit in 2021, and then fell sharply in the following year.
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 Australia ($277 per unit), while the average price for exports to Brunei Darussalam ($3.6 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 Indonesia (+11.2%), 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 Singapore
Imports of clock movements; complete and assembled, other than battery, accumulator or mains powereds into Singapore soared to 16K units in 2022, jumping by 319% against the year before. Overall, imports showed buoyant growth. Imports peaked at 20K units in 2020; however, from 2021 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 surged to $127K in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.9 | 58.1 | 6.1 | 42.5 | 33.4% |
| United Kingdom | N/A | 0.7 | 10.5 | 38.7 | 643.5% |
| Taiwan (Chinese) | 0.6 | 0.6 | 0.3 | 16.6 | 202.4% |
| Malaysia | 3.1 | 0.4 | 0.7 | N/A | -52.5% |
| Netherlands | 15.4 | N/A | N/A | N/A | 0% |
| Others | 71.5 | 30.0 | 67.6 | 29.6 | -25.5% |
| Total | 108 | 89.7 | 85.2 | 127 | 5.6% |
Top Suppliers of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered to Singapore in 2022:
- China (14.5K units)
- United Kingdom (0.8K units)
- Taiwan (Chinese) (0.7K units)
Exports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Singapore
In 2022, shipments abroad of clock movements; complete and assembled, other than battery, accumulator or mains powereds decreased by -37.3% to 463 units, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2020 when exports increased by 204% against the previous year. As a result, the exports attained the peak of 4.3K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of clock movements; complete and assembled, other than battery, accumulator or mains powereds shrank notably to $27K in 2022. In general, exports continue to indicate a dramatic setback. The growth pace was the most rapid in 2020 when exports increased by 231% against the previous year. As a result, the exports attained the peak of $341K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | 15.2 | 11.4 | -25.0% |
| Malaysia | 51.4 | 328 | 45.4 | 6.5 | -49.8% |
| Indonesia | 45.1 | 0.5 | 3.2 | 5.1 | -51.6% |
| Thailand | N/A | N/A | N/A | 3.4 | 0% |
| Brunei Darussalam | N/A | N/A | N/A | 0.2 | 0% |
| China | N/A | N/A | 3.7 | N/A | 0% |
| Maldives | 0.3 | N/A | N/A | N/A | 0% |
| Cambodia | N/A | 10.2 | N/A | N/A | 0% |
| Brazil | N/A | 0.3 | N/A | N/A | 0% |
| Others | 6.3 | 2.3 | 4.9 | 0.4 | -60.1% |
| Total | 103 | 341 | 72.5 | 27.0 | -36.0% |
Top Export Markets for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered from Singapore in 2022:
- Thailand (231.0 units)
- Indonesia (74.0 units)
- Brunei Darussalam (60.0 units)
- Malaysia (42.0 units)
- Australia (41.0 units)
- Maldives (9.0 units)
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