Price for Clock or Watch Parts; Plates and Bridges in the Philippines - 2022

Contents:

1. Price for Clock or Watch Parts; Plates and Bridges in the Philippines (CIF) - 2022
2. Imports of Clock or Watch Parts; Plates and Bridges in the Philippines

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

The average import price for clock or watch parts; plates and bridgeses stood at $869,352 per ton in 2022, surging by 69% against the previous year. Over the period under review, the import price posted resilient growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 79%. As a result, import price reached the peak level of $902,867 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($2,695,244 per ton), while the price for Japan ($220,130 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+51.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Clock or Watch Parts; Plates and Bridges in the Philippines

In 2022, purchases abroad of clock or watch parts; plates and bridgeses increased by 189% to 162 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of clock or watch parts; plates and bridgeses skyrocketed to $141K in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Clock or Watch Parts; Plates and Bridges to the Philippines in 2022:

1. Japan (115.0 kg)
2. Switzerland (41.0 kg)
3. India (4.0 kg)

Source: IndexBox Market Intelligence Platform