Price for Clock or Watch Parts; Dials in Saudi Arabia - 2021

Contents:

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

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

In 2021, the average import price for clock or watch parts; dialses amounted to less than $0.1 per thousand units, approximately mirroring the previous year. Overall, the import price recorded a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($796,121 per thousand units), while the price for China ($145,163 per thousand units) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+55.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for clock or watch parts; dialses stood at $4,871 per unit in 2021, picking up by 375% against the previous year. Overall, the export price recorded 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 2021, amid the top suppliers, the country with the highest price was Switzerland ($1,285 per unit), while the average price for exports to Turkey stood at $104 per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+3.8%).

Imports of Clock or Watch Parts; Dials in Saudi Arabia

In value terms, clock or watch parts; dials imports soared to $172K in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 420% against the previous year. As a result, imports reached the peak of $245K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

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

1. Switzerland (123.0 units)
2. United Arab Emirates (57.0 units)
3. Hong Kong SAR (11.0 units)
4. China (5.0 units)

Exports of Clock or Watch Parts; Dials in Saudi Arabia

In 2022, approx. 26 units of clock or watch parts; dialses were exported from Saudi Arabia; jumping by 1,200% on the previous year's figure. In general, exports, however, recorded a sharp slump. The exports peaked at 49 units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, clock or watch parts; dials exports soared to $30K in 2022. Overall, exports recorded a moderate expansion. Over the period under review, the exports hit record highs at $50K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

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

1. Switzerland (30.0 units)
2. Turkey (3.0 units)

Source: IndexBox Market Intelligence Platform