Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Canada - 2024

Contents:

1. Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Canada (CIF) - 2022
2. Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Canada (FOB) - 2022
3. Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Canada
4. Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Canada

Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Canada (CIF) - 2022

The average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $21 per unit in 2022, rising by 39% against the previous year. Overall, the import price recorded strong growth. The growth pace was the most rapid in 2016 when the average import price increased by 47% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($52 per unit), while the price for India ($8.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Canada (FOB) - 2022

The average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $21 per unit in 2022, with an increase of 12% against the previous year. Over the period under review, the export price, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 128%. The export price peaked at $29 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($29 per unit), while the average price for exports to the United States ($18 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 the United States (-1.8%).

Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Canada

In 2022, overseas purchases of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds decreased by -10% to 49K units, falling for the second year in a row after two years of growth. In general, total imports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +3.4% 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 decreased by -29.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 56% against the previous year. As a result, imports reached the peak of 69K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds surged to $1M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +26.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 51% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Top Suppliers of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered to Canada in 2022:

1. China (43.1K units)
2. India (2.1K units)
3. Turkey (1.9K units)
4. United States (0.5K units)

Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Canada

In 2022, after two years of decline, there was significant growth in overseas shipments of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds, when their volume increased by 1,290% to 4.5K units. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds skyrocketed to $94K in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered from Canada in 2022:

1. United States (3.3K units)
2. India (0.7K units)
3. Switzerland (0.5K units)

Source: IndexBox Market Intelligence Platform