Price for Clock Movements; Complete and Assembled in Switzerland - 2023
Contents:
- Price for Clock Movements; Complete and Assembled in Switzerland (FOB) - 2023
- Price for Clock Movements; Complete and Assembled in Switzerland (CIF) - 2022
- Exports of Clock Movements; Complete and Assembled in Switzerland
- Imports of Clock Movements; Complete and Assembled in Switzerland
Price for Clock Movements; Complete and Assembled in Switzerland (FOB) - 2023
In August 2023, the average export price for clock movements; complete and assembleds amounted to $132 per unit, with a decrease of -29.3% against the previous month. Over the period under review, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 70% month-to-month. Over the period under review, the average export prices reached the peak figure at $231 per unit in May 2023; however, from June 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was the Netherlands ($192 per unit), while the average price for exports to the UK ($43.0 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Clock Movements; Complete and Assembled in Switzerland (CIF) - 2022
In 2022, the average import price for clock movements; complete and assembleds amounted to $11 per unit, reducing by -15.1% against the previous year. Over the period under review, the import price recorded a noticeable setback. The growth pace was the most rapid in 2015 when the average import price increased by 64% against the previous year. As a result, import price attained the peak level of $35 per unit. From 2016 to 2022, the average import prices remained at a 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 Vietnam ($45 per unit), while the price for Bangladesh ($3.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+34.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Clock Movements; Complete and Assembled in Switzerland
In 2022, exports of clock movements; complete and assembleds from Switzerland contracted rapidly to 26K units, shrinking by -15.1% compared with the year before. Overall, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 6.2%. The exports peaked at 31K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, clock movements; complete and assembled exports contracted dramatically to $3M in 2022. Over the period under review, exports saw a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year. As a result, the exports reached the peak of $4.4M, and then contracted rapidly in the following year.
| Export of Clock Movements; Complete and Assembled in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,038 | 1,933 | 2,432 | 1,447 | -10.8% |
| Czech Republic | 56.0 | 109 | 160 | 397 | 92.1% |
| Germany | 381 | 316 | 385 | 318 | -5.8% |
| Russia | 220 | 283 | 328 | 121 | -18.1% |
| India | 58.5 | 37.9 | 105 | 117 | 26.0% |
| Netherlands | 222 | 102 | 111 | 110 | -20.9% |
| United Kingdom | 89.0 | 25.1 | 68.5 | 86.4 | -1.0% |
| Denmark | 127 | 39.1 | 207 | 35.4 | -34.7% |
| Slovenia | 8.5 | 17.2 | 12.7 | 30.1 | 52.4% |
| Italy | 110 | 88.1 | 119 | 29.6 | -35.4% |
| Others | 656 | 408 | 442 | 323 | -21.0% |
| Total | 3,965 | 3,359 | 4,370 | 3,015 | -8.7% |
Top Export Markets for Clock Movements; Complete and Assembled from Switzerland in 2022:
- United States (8.1K units)
- Czech Republic (6.1K units)
- Germany (4.7K units)
- Russia (1.5K units)
- Netherlands (0.9K units)
- India (0.9K units)
- Slovenia (0.8K units)
- United Kingdom (0.6K units)
- Denmark (0.3K units)
- Italy (0.2K units)
Imports of Clock Movements; Complete and Assembled in Switzerland
Clock movements; complete and assembled imports into Switzerland declined to 50K units in 2022, dropping by -6.2% on the previous year's figure. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 79%. As a result, imports attained the peak of 54K units, and then dropped in the following year.
In value terms, clock movements; complete and assembled imports shrank remarkably to $533K in 2022. In general, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 74%. As a result, imports reached the peak of $670K, and then contracted notably in the following year.
| Import of Clock Movements; Complete and Assembled in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 143 | 111 | 221 | 171 | 6.1% |
| Vietnam | 1.9 | 0.5 | 2.4 | 63.8 | 222.6% |
| China | 76.6 | 56.7 | 161 | 62.8 | -6.4% |
| France | 6.8 | 20.3 | 59.6 | 59.1 | 105.6% |
| Czech Republic | 29.1 | 40.8 | 24.6 | 44.4 | 15.1% |
| Georgia | N/A | N/A | N/A | 9.3 | 0% |
| Bangladesh | 7.5 | 9.5 | 0.8 | 9.1 | 6.7% |
| Slovenia | 81.3 | N/A | 12.4 | N/A | -60.9% |
| Others | 226 | 147 | 189 | 114 | -20.4% |
| Total | 572 | 385 | 670 | 533 | -2.3% |
Top Suppliers of Clock Movements; Complete and Assembled to Switzerland in 2022:
- Germany (24.7K units)
- China (7.6K units)
- France (6.5K units)
- Bangladesh (2.6K units)
- Georgia (2.2K units)
- Czech Republic (2.0K units)
- Vietnam (1.4K units)
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