Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in China - 2023
Contents:
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in China (FOB) - 2023
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in China (CIF) - 2023
- Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in China
- Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in China
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in China (FOB) - 2023
In December 2023, the average export price for clocks; wall clocks, battery, accumulator or mains powereds amounted to $4.7 per unit, increasing by 17% against the previous month. Overall, the export price, however, recorded a mild setback. The export price peaked at $5.8 per unit in March 2023; however, from April 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($8.7 per unit), while the average price for exports to Italy ($2.4 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in China (CIF) - 2023
In December 2023, the average import price for clocks; wall clocks, battery, accumulator or mains powereds amounted to $14.5 per unit, with a decrease of -38.4% against the previous month. In general, the import price, however, continues to indicate temperate growth. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 99% m-o-m. As a result, import price reached the peak level of $26.7 per unit. From September 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($54.6 per unit), while the price for Thailand amounted to $9.7 per unit.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Japan (+6.7%).
Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in China
In 2022, approx. 112M units of clocks; wall clocks, battery, accumulator or mains powereds were exported from China; reducing by -6.7% against 2021 figures. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. The exports peaked at 135M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of clocks; wall clocks, battery, accumulator or mains powereds fell to $567M in 2022. The total export value increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, the exports reached the peak of $591M, and then contracted in the following year.
| Export of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 92.8 | 94.2 | 147 | 124 | 10.1% |
| Japan | 40.4 | 43.3 | 53.4 | 59.6 | 13.8% |
| Philippines | 28.4 | 21.3 | 29.6 | 35.4 | 7.6% |
| United Kingdom | 27.5 | 29.7 | 35.7 | 25.1 | -3.0% |
| Germany | 22.0 | 20.6 | 25.4 | 22.5 | 0.8% |
| Netherlands | 21.4 | 19.3 | 24.4 | 19.9 | -2.4% |
| Malaysia | 10.6 | 10.8 | 15.8 | 17.6 | 18.4% |
| France | 17.1 | 15.4 | 18.6 | 16.5 | -1.2% |
| South Korea | 13.6 | 12.8 | 15.7 | 13.3 | -0.7% |
| Thailand | 6.9 | 8.1 | 8.1 | 12.5 | 21.9% |
| India | 10.4 | 5.2 | 7.8 | 11.7 | 4.0% |
| Indonesia | 5.2 | 6.9 | 8.7 | 9.2 | 20.9% |
| Mexico | 5.8 | 4.5 | 8.0 | 7.9 | 10.8% |
| Others | 194 | 166 | 192 | 192 | -0.3% |
| Total | 496 | 458 | 591 | 567 | 4.6% |
Top Export Markets for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered from China in 2022:
- United States (18.2M units)
- Japan (7.3M units)
- Philippines (5.6M units)
- Netherlands (5.1M units)
- Germany (4.8M units)
- Malaysia (4.7M units)
- France (3.3M units)
- United Kingdom (3.1M units)
- Indonesia (2.6M units)
- South Korea (2.5M units)
- India (2.4M units)
- Thailand (2.4M units)
- Mexico (2.3M units)
Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in China
In 2022, purchases abroad of clocks; wall clocks, battery, accumulator or mains powereds decreased by -37.6% to 345K units, falling for the second year in a row after two years of growth. In general, imports saw a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 23% against the previous year. As a result, imports reached the peak of 786K units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of clocks; wall clocks, battery, accumulator or mains powereds fell to $4.6M in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 19%. As a result, imports reached the peak of $5.4M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 620 | 1,321 | 1,660 | 1,857 | 44.1% |
| Switzerland | 363 | 419 | 432 | 711 | 25.1% |
| Japan | 321 | 429 | 658 | 661 | 27.2% |
| Vietnam | 1,084 | 725 | 367 | 447 | -25.6% |
| Sweden | 6.1 | N/A | 172 | 205 | 222.7% |
| Belarus | 1,255 | 1,680 | 1,129 | 103 | -56.5% |
| India | 10.7 | 3.9 | 57.9 | 103 | 112.7% |
| Lithuania | 200 | 172 | 71.3 | N/A | -40.3% |
| Others | 667 | 618 | 607 | 501 | -9.1% |
| Total | 4,527 | 5,367 | 5,155 | 4,588 | 0.4% |
Top Suppliers of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered to China in 2022:
- Thailand (191.6K units)
- Sweden (47.1K units)
- Vietnam (46.3K units)
- Belarus (21.4K units)
- Switzerland (12.2K units)
- Japan (10.0K units)
- India (6.4K units)
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