Price for Clock or Watch Parts; Dials in China - 2023

Contents:

1. Price for Clock or Watch Parts; Dials in China (FOB) - 2022
2. Price for Clock or Watch Parts; Dials in China (CIF) - 2022
3. Exports of Clock or Watch Parts; Dials in China
4. Imports of Clock or Watch Parts; Dials in China

Price for Clock or Watch Parts; Dials in China (FOB) - 2022

In 2022, the average export price for clock or watch parts; dialses amounted to $1,533 per unit, dropping by -61% against the previous year. Over the period under review, the export price, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 an increase of 409% against the previous year. As a result, the export price attained the peak level of $3,934 per unit, and then contracted significantly 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 Switzerland ($131 per unit), while the average price for exports to Cambodia ($15 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 Hong Kong SAR (+4.6%), while the prices for the other major destinations experienced a decline.

Price for Clock or Watch Parts; Dials in China (CIF) - 2022

The average import price for clock or watch parts; dialses stood at $4,358 per unit in 2022, increasing by 2.5% against the previous year. Overall, the import price posted a slight increase. The pace of growth was the most pronounced in 2016 an increase of 378%. As a result, import price reached the peak level of $6,429 per unit. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($2,180 per unit), while the price for Germany ($37 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Clock or Watch Parts; Dials in China

In 2022, exports of clock or watch parts; dialses from China skyrocketed to 53K units, with an increase of 149% on the previous year's figure. Over the period under review, exports, however, saw a sharp contraction. The exports peaked at 85K units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, clock or watch parts; dials exports fell modestly to $82M in 2022. Overall, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. Over the period under review, the exports hit record highs at $106M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Clock or Watch Parts; Dials from China in 2022:

1. India (52.0K units)
2. Thailand (20.2K units)
3. Japan (14.0K units)
4. Vietnam (11.2K units)
5. Egypt (6.8K units)
6. Switzerland (6.3K units)
7. Pakistan (5.8K units)
8. Israel (4.4K units)
9. Bangladesh (2.8K units)
10. Russia (2.5K units)
11. Cambodia (2.4K units)

Imports of Clock or Watch Parts; Dials in China

In 2022, purchases abroad of clock or watch parts; dialses increased by 172% to 5.5K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a precipitous shrinkage. Over the period under review, imports attained the maximum at 51K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, clock or watch parts; dials imports soared to $24M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Clock or Watch Parts; Dials to China in 2022:

1. Philippines (undefinedK units)
2. Switzerland (7.0K units)
3. Singapore (2.8K units)
4. Germany (1.1K units)
5. Japan (0.6K units)

Source: IndexBox Market Intelligence Platform