Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in the Philippines - 2023
Contents:
- Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in the Philippines (FOB) - 2022
- Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in the Philippines (CIF) - 2022
- Exports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in the Philippines
- Imports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in the Philippines
Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in the Philippines (FOB) - 2022
In 2022, the average export price for clock movements; complete and assembled, other than battery, accumulator or mains powereds amounted to $2.1 per unit, which is down by -98% against the previous year. In general, the export price continues to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2021 when the average export price increased by 1,230,460%. As a result, the export price reached the peak level of $107 per unit, and then reduced notably in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($3 per unit), while the average price for exports to Marshall Islands ($1.2 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 Spain (+1,016,828.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in the Philippines (CIF) - 2022
In 2022, the average import price for clock movements; complete and assembled, other than battery, accumulator or mains powereds amounted to $0.9 per unit, picking up by 30% against the previous year. In general, the import price, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2019 an increase of 316% against the previous year. As a result, import price attained the peak level of $2.9 per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
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 the United States ($11 per unit), while the price for China ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.7%), while the prices for the other major suppliers experienced a decline.
Exports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in the Philippines
In 2022, the amount of clock movements; complete and assembled, other than battery, accumulator or mains powereds exported from the Philippines surged to 12K units, picking up by 1,030% compared with the previous year. Overall, exports, however, recorded a sharp shrinkage. Over the period under review, the exports of reached the maximum at 39M units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, exports of clock movements; complete and assembled, other than battery, accumulator or mains powereds contracted markedly to $25K in 2022. Over the period under review, exports, however, showed a precipitous shrinkage. The smallest decline of -67.2% was in 2021. Over the period under review, the exports of reached the peak figure at $345K in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
| Export of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| China | N/A | N/A | 17.1 | 0% | |
| Marshall Islands | N/A | N/A | 6.6 | 0% | |
| Thailand | N/A | 0.3 | 1.5 | 400.0% | |
| Spain | 144 | 5.7 | N/A | -96.0% | |
| Oman | 131 | 89.8 | N/A | -31.5% | |
| France | 14.0 | 1.2 | N/A | -91.4% | |
| United Arab Emirates | 55.8 | 0.1 | N/A | -99.8% | |
| Others | N/A | 15.9 | N/A | 0% | |
| Total | 345 | 113 | 25.2 | -73.0% | |
Top Export Markets for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered from the Philippines in 2022:
- Marshall Islands (5.7K units)
- China (5.7K units)
- Thailand (0.5K units)
Imports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in the Philippines
After three years of growth, supplies from abroad of clock movements; complete and assembled, other than battery, accumulator or mains powereds decreased by -78.6% to 27K units in 2022. In general, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 360% against the previous year. Imports peaked at 124K units in 2021, and then reduced markedly in the following year.
In value terms, imports of clock movements; complete and assembled, other than battery, accumulator or mains powereds fell significantly to $23K in 2022. Overall, imports saw a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 90%. Imports peaked at $83K in 2021, and then declined remarkably in the following year.
| Import of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.4 | 56.2 | 72.9 | 13.9 | -1.2% |
| United States | N/A | 1.3 | N/A | 4.4 | 84.0% |
| Hong Kong SAR | N/A | N/A | 8.9 | N/A | 0% |
| Others | 16.7 | 1.7 | 1.4 | 4.8 | -34.0% |
| Total | 31.1 | 59.1 | 83.2 | 23.2 | -9.3% |
Top Suppliers of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered to the Philippines in 2022:
- China (26.0K units)
- United States (0.4K units)
- Hong Kong SAR (0.1K units)
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