Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in the UK - 2023

Contents:

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

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

In 2022, the average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $6.3 per unit, rising by 26% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 123%. Over the period under review, average import prices reached the maximum at $22 per unit in 2018; however, from 2019 to 2022, 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 Germany ($32 per unit), while the price for China stood at $4.6 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $37 per unit, declining by -10.4% against the previous year. In general, the export price, however, posted a noticeable expansion. The pace of growth was the most pronounced in 2019 an increase of 68% against the previous year. The export price peaked at $42 per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($94 per unit), while the average price for exports to Serbia ($5.2 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 the United Arab Emirates (+24.0%), 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 the UK

In 2022, approx. 190K units of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds were imported into the UK; dropping by -35.3% compared with the previous year's figure. Over the period under review, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. Over the period under review, imports of reached the peak figure at 403K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds contracted significantly to $1.2M in 2022. Overall, imports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2021 when imports increased by 7%. Over the period under review, imports of reached the maximum at $6.5M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

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

1. China (185.0K units)
2. Germany (0.1K units)
3. France (0.1K units)

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

In 2022, shipments abroad of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds increased by 57% to 15K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a dramatic descent. The exports peaked at 212K 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 skyrocketed to $561K in 2022. Overall, exports, however, showed a dramatic downturn. Over the period under review, the exports of attained the peak figure at $5.2M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

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

1. Hong Kong SAR (7.3K units)
2. Japan (1.2K units)
3. Ireland (0.9K units)
4. Spain (0.9K units)
5. United Arab Emirates (0.7K units)
6. United States (0.7K units)
7. Serbia (0.6K units)
8. Germany (0.6K units)
9. Switzerland (0.5K units)
10. Sweden (0.3K units)
11. Netherlands (0.2K units)
12. Italy (0.2K units)
13. France (0.2K units)

Source: IndexBox Market Intelligence Platform