Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Tanzania - 2022

Contents:

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

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

The average import price for clock movements; complete and assembled, other than battery, accumulator or mains powereds stood at $7.3 per unit in 2022, picking up by 85% against the previous year. Over the period under review, the import price, however, showed a abrupt contraction. Over the period under review, average import prices hit record highs at $18 per unit in 2014; however, from 2015 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 South Africa ($13 per unit), while the price for China ($6.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+16.3%), while the prices for the other major suppliers experienced a decline.

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

The average export price for clock movements; complete and assembled, other than battery, accumulator or mains powereds stood at $8.6 per unit in 2022, with an increase of 138% against the previous year. Overall, the export price, however, faced a abrupt slump. The export price peaked at $18 per unit in 2018; however, from 2019 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 Malawi.

From 2018 to 2022, the rate of growth in terms of prices for Malawi amounted to -18.0% per year.

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

In 2022, after three years of growth, there was significant decline in purchases abroad of clock movements; complete and assembled, other than battery, accumulator or mains powereds, when their volume decreased by -73.1% to 331 units. Overall, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 57% against the previous year. As a result, imports attained the peak of 1.2K units, and then declined remarkably in the following year.

In value terms, imports of clock movements; complete and assembled, other than battery, accumulator or mains powereds dropped significantly to $2.4K in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. As a result, imports reached the peak of $4.8K, and then declined rapidly in the following year.

Import of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Tanzania (USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,8401,7381,2931,748-1.7%
South Africa817641568470-16.8%
DenmarkN/AN/AN/A1270%
Kenya140140157N/A5.9%
Hong Kong SAR72.0295341N/A117.6%
Germany229187171N/A-13.6%
India91.01712,009N/A369.9%
Others72.010928155.0-8.6%
Total3,2613,2814,8202,400-9.7%

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

  1. China (280.0 units)
  2. South Africa (37.0 units)
  3. Denmark (14.0 units)

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

In 2022, exports of clock movements; complete and assembled, other than battery, accumulator or mains powereds from Tanzania shrank dramatically to 87 units, with a decrease of -79% compared with the year before. Overall, exports recorded a sharp descent. Over the period under review, the exports of reached the peak figure at 414 units in 2021, and then reduced notably in the following year.

In value terms, exports of clock movements; complete and assembled, other than battery, accumulator or mains powereds reduced sharply to $746 in 2022. Over the period under review, exports showed a sharp curtailment. The exports peaked at $1.5K in 2021, and then contracted notably in the following year.

Export of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Tanzania (USD)
COUNTRY20212022CAGR,
2021-2022
Malawi61.07461123.0%
Zimbabwe1,411N/A0%
Others20.0N/A0%
Total1,492746-50.0%

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

  1. Malawi (87.0 units)

Source: IndexBox Market Intelligence Platform

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