Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in New Zealand - 2024

Contents:

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

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

The average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $5.3 per unit in 2022, surging by 4.9% against the previous year. Over the period under review, the import price, however, recorded a mild slump. The pace of growth was the most pronounced in 2016 when the average import price increased by 28% against the previous year. The import price peaked at $6.2 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 -1.4% per year.

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

In 2022, the average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $18 per unit, with a decrease of -38.6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 87% against the previous year. Over the period under review, the average export prices attained the peak figure at $29 per unit in 2021, and then contracted dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($38 per unit), while the average price for exports to Kiribati ($4.6 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 Cook Islands (+8.3%), 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 New Zealand

In 2022, supplies from abroad of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds decreased by -3.5% to 72K units for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.0% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 37%. As a result, imports reached the peak of 75K units, and then contracted in the following year.

In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $380K in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 29% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

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

1. China (70.7K units)

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

In 2022, approx. 848 units of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds were exported from New Zealand; which is down by -32.3% on the year before. Overall, exports recorded a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 553%. The exports peaked at 1.3K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds declined notably to $15K in 2022. In general, exports, however, enjoyed a pronounced expansion. The growth pace was the most rapid in 2021 with an increase of 823% against the previous year. As a result, the exports reached the peak of $36K, and then contracted markedly in the following year.

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

1. Singapore (502.0 units)
2. Cook Islands (117.0 units)
3. Samoa (108.0 units)
4. Kiribati (80.0 units)
5. Niue (19.0 units)
6. Australia (17.0 units)

Source: IndexBox Market Intelligence Platform