Price for Clock or Watch Parts; Dials in Morocco - 2022

Contents:

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

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

In 2022, the average import price for clock or watch parts; dialses amounted to $2,969 per unit, surging by 3.8% against the previous year. In general, the import price saw a tangible expansion. The growth pace was the most rapid in 2020 when the average import price increased by 315% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Switzerland ($18,456 per unit), while the price for China totaled $36 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for clock or watch parts; dialses amounted to $773 per unit, dropping by -57.5% against the previous year. Over the period under review, the export price, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 628%. As a result, the export price reached the peak level of $1,820 per unit, and then contracted markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +47.5% per year.

Imports of Clock or Watch Parts; Dials in Morocco

In 2022, the amount of clock or watch parts; dialses imported into Morocco shrank rapidly to 7 units, declining by -56.2% on 2021 figures. Over the period under review, imports recorded a dramatic setback. The smallest decline of -5.9% was in 2021. Over the period under review, imports hit record highs at 95 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, clock or watch parts; dials imports reduced sharply to $21K in 2022. In general, imports, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2021 when imports increased by 231%. As a result, imports reached the peak of $46K, and then declined dramatically in the following year.

Import of Clock or Watch Parts; Dials in Morocco (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland13.28.123.020.515.8%
China0.10.30.20.344.2%
Hong Kong SARN/AN/AN/AN/A0%
France3.24.010.1N/A77.7%
Netherlands2.11.32.3N/A4.7%
Others0.1N/A10.0N/A900.0%
Total18.813.845.720.83.4%

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

  1. China (8.0 units)
  2. Switzerland (1.0 units)

Exports of Clock or Watch Parts; Dials in Morocco

In 2022, clock or watch parts; dials exports from Morocco skyrocketed to 2 units, growing by 100% against the previous year. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, clock or watch parts; dials exports fell rapidly to $1.2K in 2022. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 264%. As a result, the exports attained the peak of $1.8K, and then contracted markedly in the following year.

Export of Clock or Watch Parts; Dials in Morocco (USD)
COUNTRY20212022CAGR,
2021-2022
GermanyN/A5800%
South Korea54.0N/A0%
Switzerland1,431N/A0%
Mauritania335N/A0%
OthersN/A5800%
Total1,8201,160-36.3%

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

  1. Germany (7.0 units)

Source: IndexBox Market Intelligence Platform

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