Price for Clock Movements; Complete and Assembled in Vietnam - 2022
Contents:
- Price for Clock Movements; Complete and Assembled in Vietnam (CIF) - 2022
- Price for Clock Movements; Complete and Assembled in Vietnam (FOB) - 2022
- Imports of Clock Movements; Complete and Assembled in Vietnam
- Exports of Clock Movements; Complete and Assembled in Vietnam
Price for Clock Movements; Complete and Assembled in Vietnam (CIF) - 2022
The average import price for clock movements; complete and assembleds stood at $18 per unit in 2022, rising by 11% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +9.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clock movements; complete and assembled import price increased by +47.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 43% against the previous year. The import price peaked at $19 per unit in 2016; however, from 2017 to 2022, 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 China ($19 per unit), while the price for Thailand stood at $2.7 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Clock Movements; Complete and Assembled in Vietnam (FOB) - 2022
In 2022, the average export price for clock movements; complete and assembleds amounted to $1,188 per unit, increasing by 815% against the previous year. Over the period under review, the export price continues to indicate significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 the United States ($2,301 per unit), while the average price for exports to Germany ($349 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 the United States (+116.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clock Movements; Complete and Assembled in Vietnam
For the third consecutive year, Vietnam recorded decline in purchases abroad of clock movements; complete and assembleds, which decreased by -7.5% to 16K units in 2022. Over the period under review, imports recorded a precipitous contraction. Imports peaked at 63K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, clock movements; complete and assembled imports expanded slightly to $275K in 2022. In general, imports saw a precipitous setback. Over the period under review, imports attained the peak figure at $823K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Clock Movements; Complete and Assembled in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 600 | 244 | 187 | 266 | -23.7% |
| Thailand | 1.5 | 1.7 | 2.5 | 4.7 | 46.3% |
| Japan | 46.7 | 5.0 | 5.2 | 3.4 | -58.2% |
| Hong Kong SAR | 11.1 | 1.5 | 2.4 | N/A | -53.5% |
| Italy | 29.5 | 24.5 | 33.0 | N/A | 5.8% |
| Turkey | 49.9 | 4.5 | N/A | N/A | -91.0% |
| Others | 84.5 | 42.9 | 37.3 | 1.1 | -76.5% |
| Total | 823 | 324 | 267 | 275 | -30.6% |
Top Suppliers of Clock Movements; Complete and Assembled to Vietnam in 2022:
- China (13.7K units)
- Thailand (1.8K units)
- Japan (0.2K units)
Exports of Clock Movements; Complete and Assembled in Vietnam
For the third year in a row, Vietnam recorded decline in overseas shipments of clock movements; complete and assembleds, which decreased by -96.6% to 28 units in 2022. Overall, exports continue to indicate a sharp reduction. The smallest decline of -32.6% was in 2021. The exports peaked at 9.4K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, clock movements; complete and assembled exports contracted sharply to $33K in 2022. Over the period under review, exports saw a significant decline. The pace of growth was the most pronounced in 2021 with an increase of 8.7% against the previous year. The exports peaked at $739K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Clock Movements; Complete and Assembled in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.4 | 1.4 | 10.1 | 16.1 | 242.7% |
| Switzerland | 0.1 | N/A | 0.1 | 12.9 | 405.3% |
| United Kingdom | 2.1 | 0.5 | 1.2 | 1.8 | -5.0% |
| Germany | 1.0 | 0.3 | 1.0 | 1.7 | 19.3% |
| China | 103 | 0.9 | 0.1 | 0.7 | -81.1% |
| Hong Kong SAR | 437 | 76.7 | 38.9 | N/A | -70.2% |
| Japan | 81.2 | 0.9 | 0.8 | N/A | -90.1% |
| Taiwan (Chinese) | 52.9 | 3.6 | 35.9 | N/A | -17.6% |
| Others | 61.2 | 14.2 | 19.1 | N/A | -44.1% |
| Total | 739 | 98.5 | 107 | 33.3 | -64.4% |
Top Export Markets for Clock Movements; Complete and Assembled from Vietnam in 2022:
- Switzerland (10.0 units)
- United States (7.0 units)
- Germany (5.0 units)
- United Kingdom (5.0 units)
- China (1.0 units)
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