Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Kuwait - 2022
Contents:
- Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Kuwait (CIF) - 2022
- Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Kuwait (FOB) - 2022
- Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Kuwait
- Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Kuwait
Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Kuwait (CIF) - 2022
In 2022, the average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $3.8 per unit, leveling off at the previous year. Overall, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2016 an increase of 74%. As a result, import price reached the peak level of $40 per unit. From 2017 to 2022, the average import prices failed to regain momentum.
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 ($27 per unit), while the price for China ($2.7 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.6%), while the prices for the other major suppliers experienced a decline.
Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Kuwait (FOB) - 2022
The average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $69 per unit in 2022, picking up by 39% against the previous year. In general, the export price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices attained the maximum at $432 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($69 per unit), while the average price for exports to Iraq stood at $69 per unit.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+13.0%), 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 Kuwait
In 2022, the amount of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds imported into Kuwait contracted notably to 28K units, which is down by -56.2% compared with the previous year's figure. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 677% against the previous year. As a result, imports reached the peak of 65K units, and then dropped rapidly in the following year.
In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds fell rapidly to $107K in 2022. Overall, imports saw a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 195% against the previous year. As a result, imports reached the peak of $245K, and then declined notably in the following year.
| Import of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 68.6 | 18.8 | 140 | 71.4 | 1.3% |
| Switzerland | 30.0 | 1.1 | 5.9 | 30.3 | 0.3% |
| United States | 2.5 | 0.1 | 1.4 | 4.3 | 19.8% |
| Japan | 7.9 | 0.1 | 2.2 | N/A | -47.2% |
| United Arab Emirates | 2.3 | 59.8 | 83.7 | N/A | 503.3% |
| Others | 16.2 | 3.2 | 12.2 | 1.3 | -56.9% |
| Total | 127 | 83.1 | 245 | 107 | -5.6% |
Top Suppliers of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered to Kuwait in 2022:
- China (26.3K units)
- Switzerland (1.1K units)
- United States (0.6K units)
Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Kuwait
In 2022, shipments abroad of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds was finally on the rise to reach 1.3K units after two years of decline. Overall, exports, however, continue to indicate a noticeable contraction. The exports peaked at 1.5K 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 $89K in 2022. In general, exports, however, faced a abrupt descent. The exports peaked at $143K 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 Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | 24.8 | 10.7 | 72.6 | 71.1% |
| Iraq | 1.4 | 1.9 | 2.9 | 16.0 | 125.2% |
| United Arab Emirates | 133 | 0.4 | 5.1 | N/A | -80.4% |
| Netherlands | 0.5 | 0.4 | 0.3 | N/A | -22.5% |
| Qatar | 6.3 | 5.5 | 5.5 | N/A | -6.6% |
| Others | 2.1 | 0.6 | 0.5 | N/A | -51.2% |
| Total | 143 | 33.6 | 25.1 | 88.5 | -14.8% |
Top Export Markets for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered from Kuwait in 2022:
- Italy (1049.0 units)
- Iraq (231.0 units)
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