Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in India - 2023
Contents:
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in India (FOB) - 2022
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in India (CIF) - 2023
- Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in India
- Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in India
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in India (FOB) - 2022
The average export price for clocks; wall clocks, battery, accumulator or mains powereds stood at $2.5 per unit in 2022, falling by -12.7% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 21% against the previous year. As a result, the export price attained the peak level of $2.8 per unit, and then reduced in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($6.2 per unit), while the average price for exports to Myanmar ($1 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 Yemen (+6.7%), 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 India (CIF) - 2023
The average import price for clocks; wall clocks, battery, accumulator or mains powereds stood at $2.3 per unit in November 2023, falling by -36.7% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 203% month-to-month. The import price peaked at $14.9 per unit in May 2023; however, from June 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Singapore ($19.9 per unit), while the price for China ($2.0 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in India
In 2022, the amount of clocks; wall clocks, battery, accumulator or mains powereds exported from India declined to 406K units, waning by -13.3% against 2021. In general, exports showed a precipitous slump. The exports peaked at 801K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of clocks; wall clocks, battery, accumulator or mains powereds contracted rapidly to $1M in 2022. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 0.7% against the previous year. The exports peaked at $1.9M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 565 | 400 | 235 | 207 | -28.4% |
| United Arab Emirates | 202 | 40.0 | 256 | 150 | -9.4% |
| Myanmar | 175 | 108 | 18.6 | 137 | -7.8% |
| Egypt | 20.0 | 44.3 | 284 | 87.8 | 63.7% |
| Yemen | 102 | 91.3 | 80.6 | 60.4 | -16.0% |
| Iraq | 81.7 | 5.1 | 20.4 | 55.3 | -12.2% |
| Nepal | 48.5 | 7.8 | 1.0 | 51.8 | 2.2% |
| Kenya | 16.5 | 1.3 | 0.8 | 34.0 | 27.3% |
| Philippines | 30.6 | 36.2 | N/A | 31.5 | 1.0% |
| Saudi Arabia | 59.9 | 94.5 | 59.5 | 30.7 | -20.0% |
| Qatar | 13.6 | N/A | N/A | 30.2 | 30.5% |
| Latvia | 13.7 | 32.1 | 28.7 | 16.4 | 6.2% |
| Nigeria | 230 | 163 | 71.9 | 8.6 | -66.6% |
| Others | 330 | 293 | 270 | 103 | -32.2% |
| Total | 1,889 | 1,317 | 1,327 | 1,004 | -19.0% |
Top Export Markets for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered from India in 2022:
- Myanmar (131.7K units)
- United Arab Emirates (40.8K units)
- Iraq (35.1K units)
- Bangladesh (33.4K units)
- Nepal (30.6K units)
- Egypt (28.3K units)
- Yemen (21.3K units)
- Kenya (16.5K units)
- Saudi Arabia (12.1K units)
- Philippines (10.9K units)
- Latvia (9.9K units)
- Qatar (9.7K units)
- Nigeria (4.2K units)
Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in India
In 2022, supplies from abroad of clocks; wall clocks, battery, accumulator or mains powereds increased by 59% to 177K units for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +3.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of clocks; wall clocks, battery, accumulator or mains powereds surged to $996K in 2022. Overall, imports, however, continue to indicate a drastic downturn. Over the period under review, imports of hit record highs at $1.2M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 369 | 339 | 200 | 516 | 11.8% |
| Malaysia | N/A | N/A | 65.6 | 172 | 162.2% |
| Singapore | 47.9 | 14.2 | 35.1 | 93.9 | 25.2% |
| Vietnam | 6.4 | 6.8 | 4.9 | 23.3 | 53.8% |
| Thailand | 103 | 13.5 | 26.4 | 8.8 | -56.0% |
| United Arab Emirates | 45.6 | 16.3 | 183 | 0.4 | -79.4% |
| Hong Kong SAR | 632 | 231 | 198 | N/A | -44.0% |
| Others | 44.9 | 67.8 | 48.4 | 182 | 59.4% |
| Total | 1,249 | 688 | 762 | 996 | -7.3% |
Top Suppliers of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered to India in 2022:
- China (138.0K units)
- Malaysia (29.9K units)
- Singapore (3.5K units)
- Vietnam (3.2K units)
- Thailand (0.5K units)
- United Arab Emirates (0.1K units)
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