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

Contents:

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

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

The average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $3.4 per unit in 2022, with a decrease of -13.3% against the previous year. Overall, the import price showed a pronounced downturn. The growth pace was the most rapid in 2015 when the average import price increased by 30% against the previous year. As a result, import price attained the peak level of $6.5 per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($4.6 per unit), while the price for China stood at $3.3 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+14.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, overseas purchases of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds decreased by -74.7% to 1.6K units for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 198% against the previous year. As a result, imports attained the peak of 6.3K units, and then declined remarkably in the following year.

In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds dropped sharply to $5.3K in 2022. Overall, imports showed a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 260%. As a result, imports reached the peak of $24K, and then shrank rapidly in the following year.

Import of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.92.114.15.038.1%
United States0.60.30.10.4-12.6%
Hong Kong SAR0.30.20.6N/A41.4%
Switzerland3.03.17.4N/A57.1%
Peru0.70.61.3N/A36.3%
Others0.60.50.9N/A22.5%
Total7.16.824.45.3-9.3%

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

  1. China (1502.0 units)
  2. United States (83.0 units)

Source: IndexBox Market Intelligence Platform

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