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

Contents:

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

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

In 2022, the average import price for clock or watch parts; dialses amounted to $3,689 per unit, increasing by 28% against the previous year. In general, the import price saw a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 333%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($805 per unit), while the price for China stood at $37 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.2%).

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

The average export price for clock or watch parts; dialses stood at $1,645 per unit in 2022, surging by 18% against the previous year. Over the period under review, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2021 an increase of 983%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

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 ($324 per unit), while the average price for exports to Albania ($1.7 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 Jordan (+34.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clock or Watch Parts; Dials in Turkey

For the third consecutive year, Turkey recorded decline in overseas purchases of clock or watch parts; dialses, which decreased by -15.6% to 114 units in 2022. Overall, imports faced a sharp curtailment. Over the period under review, imports hit record highs at 1.5K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, clock or watch parts; dials imports totaled $421K in 2022. The total import value increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 24%. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. China (4.0K units)
2. Switzerland (0.3K units)

Exports of Clock or Watch Parts; Dials in Turkey

After three years of growth, shipments abroad of clock or watch parts; dialses decreased by -50% to 2 units in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 300% against the previous year. As a result, the exports attained the peak of 4 units, and then fell rapidly in the following year.

In value terms, clock or watch parts; dials exports reduced dramatically to $3.3K in 2022. Overall, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 3,389%. Over the period under review, the exports reached the peak figure at $8K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

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

1. Albania (158.0 units)
2. Switzerland (8.0 units)
3. Jordan (3.0 units)

Source: IndexBox Market Intelligence Platform