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

Contents:

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

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

The average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $2.9 per unit in 2022, growing by 14% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 +67.9% against 2017 indices. The growth pace was the most rapid in 2015 an increase of 58%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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 China ($2.7 per unit), while the price for India amounted to $1.3 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%).

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

In 2022, the average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $4.9 per unit, with a decrease of -14.3% against the previous year. In general, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 37%. Over the period under review, the average export prices attained the peak figure at $12 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($12 per unit), while the average price for exports to Namibia ($4.5 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 Namibia (-8.6%), while the prices for the other major destinations experienced a decline.

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

In 2022, the amount of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds imported into South Africa declined notably to 59K units, waning by -40.6% against the year before. In general, imports showed a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 68% against the previous year. As a result, imports reached the peak of 99K units, and then dropped markedly in the following year.

In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds dropped dramatically to $174K in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 117% against the previous year. As a result, imports attained the peak of $257K, and then contracted rapidly in the following year.

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

1. China (58.9K units)

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

After three years of growth, overseas shipments of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds decreased by -31.5% to 2.3K units in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 27%. As a result, the exports attained the peak of 3.3K units, and then fell remarkably in the following year.

In value terms, exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds reduced remarkably to $11K in 2022. In general, exports faced a deep downturn. The growth pace was the most rapid in 2021 with an increase of 50%. As a result, the exports attained the peak of $19K, and then fell rapidly in the following year.

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

1. Namibia (2007.0 units)
2. Botswana (166.0 units)
3. Uganda (40.0 units)
4. Lesotho (12.0 units)
5. Zimbabwe (11.0 units)

Source: IndexBox Market Intelligence Platform