Price for Clock or Watch Parts; Dials in South Africa - 2023

Contents:

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

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

The average import price for clock or watch parts; dialses stood at $3,497 per unit in 2022, picking up by 24% against the previous year. Over the period under review, the import price posted tangible growth. The growth pace was the most rapid in 2020 when the average import price increased by 329% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 ($1,182 per unit), while the price for China ($36 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.4%), while the prices for the other major suppliers experienced a decline.

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

The average export price for clock or watch parts; dialses stood at $2,207 per unit in 2022, jumping by 371% against the previous year. Over the period under review, the export price posted significant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 373%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($44 per unit), while the average price for exports to Lesotho ($3.5 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 Swaziland (+18.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Clock or Watch Parts; Dials in South Africa

For the third consecutive year, South Africa recorded decline in overseas purchases of clock or watch parts; dialses, which decreased by -34.5% to 19 units in 2022. In general, imports saw a sharp setback. Over the period under review, imports reached the peak figure at 388 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, clock or watch parts; dials imports dropped remarkably to $66K in 2022. Over the period under review, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year. As a result, imports reached the peak of $83K, and then reduced dramatically in the following year.

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

1. China (165.0 units)
2. United States (44.0 units)
3. Switzerland (41.0 units)
4. Thailand (10.0 units)
5. France (8.0 units)
6. Japan (8.0 units)
7. Hong Kong SAR (6.0 units)

Exports of Clock or Watch Parts; Dials in South Africa

In 2022, the amount of clock or watch parts; dialses exported from South Africa skyrocketed to 3 units, with an increase of 200% compared with the year before. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, clock or watch parts; dials exports soared to $6.6K in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Swaziland (141.0 units)
2. Lesotho (101.0 units)
3. Namibia (13.0 units)

Source: IndexBox Market Intelligence Platform