Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Hong Kong SAR - 2023
Contents:
- Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Hong Kong SAR (FOB) - 2022
- Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Hong Kong SAR (CIF) - 2022
- Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Hong Kong SAR
- Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Hong Kong SAR
Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Hong Kong SAR (FOB) - 2022
The average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $2.4 per unit in 2022, dropping by -22.2% against the previous year. Over the period under review, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 23%. As a result, the export price attained the peak level of $6.9 per unit. From 2018 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($9.3 per unit), while the average price for exports to Turkey ($0.7 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 Poland (+46.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $2.6 per unit, with an increase of 54% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds increased by +68.1% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.3% per year.
Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Hong Kong SAR
In 2022, exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds from Hong Kong SAR reduced to 100K units, which is down by -12.7% against the previous year's figure. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. Over the period under review, the exports of attained the maximum at 154K 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 dropped dramatically to $242K in 2022. In general, exports saw a dramatic contraction. The smallest decline of -7% was in 2021. The exports peaked at $802K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 303 | 197 | 111 | 124 | -25.8% |
| China | 32.9 | 13.0 | 0.2 | 45.8 | 11.7% |
| Germany | 25.7 | 32.6 | 20.3 | 18.4 | -10.5% |
| Turkey | N/A | 11.1 | 43.1 | 12.9 | 7.8% |
| United Kingdom | 229 | 48.4 | 29.0 | 11.2 | -63.4% |
| France | 48.4 | 25.3 | 13.2 | 8.8 | -43.3% |
| Japan | 76.6 | 36.9 | 87.6 | 7.6 | -53.7% |
| Switzerland | 20.0 | 0.7 | N/A | 1.5 | -57.8% |
| Others | 65.9 | 17.6 | 52.0 | 11.5 | -44.1% |
| Total | 802 | 383 | 356 | 242 | -32.9% |
Top Export Markets for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered from Hong Kong SAR in 2022:
- China (42.6K units)
- United States (24.4K units)
- Turkey (19.4K units)
- Germany (4.2K units)
- France (2.5K units)
- Japan (2.0K units)
- United Kingdom (2.0K units)
- Switzerland (1.0K units)
Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Hong Kong SAR
Imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds into Hong Kong SAR declined remarkably to 21K units in 2022, which is down by -73.9% compared with the previous year's figure. Over the period under review, imports showed a precipitous descent. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year. Imports peaked at 313K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds contracted markedly to $55K in 2022. Overall, imports showed a precipitous descent. The growth pace was the most rapid in 2021 with an increase of 73% against the previous year. Over the period under review, imports of attained the maximum at $520K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 479 | 73.8 | 124 | 32.4 | -59.3% |
| Others | 41.5 | 5.7 | 13.6 | 22.7 | -18.2% |
| Total | 520 | 79.5 | 137 | 55.1 | -52.7% |
Top Suppliers of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered to Hong Kong SAR in 2022:
- China (20.9K units)
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