Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Germany - 2023

Contents:

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

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

In 2022, the average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $7.3 per unit, shrinking by -9.4% against the previous year. In general, the import price, however, continues to indicate tangible growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 40%. The import price peaked at $8.1 per unit in 2021, and then reduced in the following year.

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 Switzerland ($36 per unit), while the price for Vietnam ($2.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+22.1%), 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 Germany (FOB) - 2022

The average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $7.7 per unit in 2022, rising by 13% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable setback. The growth pace was the most rapid in 2021 when the average export price increased by 15%. The export price peaked at $12 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Canada ($51 per unit), while the average price for exports to Luxembourg ($3.4 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 Canada (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds increased by 25% to 163K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a dramatic descent. Imports peaked at 361K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds expanded rapidly to $1.2M in 2022. Overall, imports, however, continue to indicate a deep downturn. Imports peaked at $1.5M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. China (119.1K units)
2. Netherlands (16.5K units)
3. Poland (6.2K units)
4. Belgium (5.9K units)
5. Italy (2.8K units)
6. Hong Kong SAR (1.9K units)

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

In 2022, after two years of decline, there was significant growth in shipments abroad of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds, when their volume increased by 22% to 67K units. In general, exports, however, showed a abrupt descent. Over the period under review, the exports of hit record highs at 83K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds soared to $511K in 2022. Over the period under review, exports, however, saw a perceptible setback. The exports peaked at $566K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

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

1. France (14.2K units)
2. Poland (12.1K units)
3. Belgium (7.7K units)
4. Austria (7.2K units)
5. Hungary (7.2K units)
6. Italy (4.5K units)
7. Luxembourg (2.7K units)
8. Spain (2.4K units)
9. United States (1.4K units)
10. Netherlands (1.3K units)
11. Switzerland (1.0K units)
12. United Kingdom (0.8K units)

Source: IndexBox Market Intelligence Platform