Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Colombia - 2022

Contents:

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

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

The average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $1.5 per unit in 2022, reducing by -39.5% against the previous year. Overall, the import price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of 200% against the previous year. Over the period under review, average import prices reached the peak figure at $2.4 per unit in 2021, and then fell dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7 per unit), while the price for China ($1.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+12.0%), 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 Colombia (FOB) - 2022

In 2022, the average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $1.4 per unit, growing by 40% against the previous year. Over the period under review, the export price, however, continues to indicate a deep slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 62%. The export price peaked at $4 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Peru ($2 per unit), while the average price for exports to Costa Rica ($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 Peru (+11.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, supplies from abroad of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds increased by 58% to 37K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt shrinkage. Over the period under review, imports of reached the maximum at 62K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds dropped modestly to $55K in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. As a result, imports attained the peak of $57K, and then reduced in the following year.

Import of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China20.814.219.338.823.1%
United States0.11.82.710.9377.7%
Switzerland2.43.01.54.321.5%
Hong Kong SAR1.91.91.5N/A-11.1%
Panama20.34.419.4N/A-2.2%
Mexico2.94.04.0N/A17.4%
Others6.47.98.90.6-54.6%
Total54.937.157.354.6-0.2%

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

  1. China (34.0K units)
  2. United States (1.6K units)
  3. Switzerland (1.3K units)

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

For the third consecutive year, Colombia recorded decline in shipments abroad of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds, which decreased by -16.7% to 5 units in 2022. Over the period under review, exports continue to indicate a dramatic shrinkage. The smallest decline of -14.3% was in 2021. Over the period under review, the exports of attained the peak figure at 2.3K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds surged to $7 in 2022. In general, exports saw a sharp setback. Over the period under review, the exports of attained the peak figure at $8K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Colombia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Peru6365.01.02.0-85.3%
Venezuela4934.01.02.0-84.1%
Panama4781.01.01.0-87.2%
Costa Rica35.01.01.01.0-69.4%
United States68.01.01.01.0-75.5%
El Salvador127N/AN/AN/A0%
Mexico5,494N/AN/AN/A0%
Chile636N/AN/AN/A0%
Others56.0N/A1.0N/A-86.6%
Total8,02312.06.07.0-90.4%

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

  1. United States (1.0 units)
  2. Panama (1.0 units)
  3. Venezuela (1.0 units)
  4. Costa Rica (1.0 units)
  5. Peru (1.0 units)

Source: IndexBox Market Intelligence Platform

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