Price for Clock or Watch Parts; Plates and Bridges in South Korea - 2022

Contents:

1. Price for Clock or Watch Parts; Plates and Bridges in South Korea (CIF) - 2022
2. Price for Clock or Watch Parts; Plates and Bridges in South Korea (FOB) - 2022
3. Imports of Clock or Watch Parts; Plates and Bridges in South Korea
4. Exports of Clock or Watch Parts; Plates and Bridges in South Korea

Price for Clock or Watch Parts; Plates and Bridges in South Korea (CIF) - 2022

The average import price for clock or watch parts; plates and bridgeses stood at $182,494 per ton in 2022, rising by 73% against the previous year. In general, the import price, however, recorded a abrupt decline. Over the period under review, average import prices hit record highs at $1,564,800 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($424,804 per ton), while the price for China ($16,147 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (-7.5%), while the prices for the other major suppliers experienced a decline.

Price for Clock or Watch Parts; Plates and Bridges in South Korea (FOB) - 2022

In 2022, the average export price for clock or watch parts; plates and bridgeses amounted to $315,333 per ton, falling by -59.7% against the previous year. Overall, the export price, however, posted a significant increase. The pace of growth was the most pronounced in 2020 an increase of 865%. As a result, the export price attained the peak level of $1,760 per kg. From 2021 to 2022, the average export prices failed to regain momentum.

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 Switzerland ($544,250 per ton), while the average price for exports to Taiwan (Chinese) ($26,333 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+241.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clock or Watch Parts; Plates and Bridges in South Korea

In 2022, supplies from abroad of clock or watch parts; plates and bridgeses decreased by -33.9% to 261 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 95%.

In value terms, imports of clock or watch parts; plates and bridgeses rose remarkably to $48K in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 48% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Clock or Watch Parts; Plates and Bridges to South Korea in 2022:

1. China (102.0 kg)
2. Switzerland (97.0 kg)
3. Japan (58.0 kg)

Exports of Clock or Watch Parts; Plates and Bridges in South Korea

In 2022, exports of clock or watch parts; plates and bridgeses from South Korea soared to 9 kg, growing by 80% on the year before. Overall, exports enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2020 with an increase of 500%. As a result, the exports attained the peak of 48 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of clock or watch parts; plates and bridgeses shrank remarkably to $2.8K in 2022. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 5,690% against the previous year. As a result, the exports attained the peak of $84K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Clock or Watch Parts; Plates and Bridges from South Korea in 2022:

1. Switzerland (4.0 kg)
2. Taiwan (Chinese) (3.0 kg)
3. Germany (2.0 kg)

Source: IndexBox Market Intelligence Platform