Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in the Philippines - 2023
Contents:
- Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in the Philippines (CIF) - 2022
- Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in the Philippines
Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in the Philippines (CIF) - 2022
In 2022, the average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $7.1 per unit, picking up by 131% against the previous year. Overall, the import price posted a buoyant increase. The pace of growth appeared the most rapid in 2016 an increase of 313% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
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 the United States ($8.8 per unit), while the price for China totaled $2.4 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.4%).
Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in the Philippines
Imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds into the Philippines surged to 3.7K units in 2022, picking up by 330% compared with the previous year's figure. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds skyrocketed to $26K in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 21.7 | 0% |
| China | 1.1 | 0.3 | 1.7 | 2.9 | 38.1% |
| India | 1.1 | 0.4 | 0.9 | 0.7 | -14.0% |
| Others | 1.6 | 0.8 | 0.1 | 1.1 | -11.7% |
| Total | 3.7 | 1.5 | 2.7 | 26.4 | 92.5% |
Top Suppliers of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered to the Philippines in 2022:
- United States (2456.0 units)
- China (1203.0 units)
- India (36.0 units)
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