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

Contents:

1. Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in the United States (CIF) - 2023
2. Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in the United States (FOB) - 2022
3. Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in the United States
4. Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in the United States

Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in the United States (CIF) - 2023

The average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $12.3 per unit in December 2023, increasing by 119% against the previous month. In general, the import price recorded a mild increase. The growth pace was the most rapid in June 2023 when the average import price increased by 934% against the previous month. Over the period under review, average import prices reached the peak figure at $24.5 per unit in February 2023; however, from March 2023 to December 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($7.5 per unit), while the price for China stood at $7.3 per unit.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+2.8%).

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

The average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $22 per unit in 2022, growing by 32% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2019 an increase of 38% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($36 per unit), while the average price for exports to Switzerland ($14 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 Canada (+10.2%), 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 United States

Imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds into the United States was estimated at 554K units in 2022, rising by 1.6% compared with 2021. Overall, imports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 83%. Over the period under review, imports of hit record highs at 661K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds expanded rapidly to $3.5M in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

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

1. China (420.7K units)
2. Switzerland (65.1K units)
3. Japan (36.9K units)
4. India (10.8K units)
5. Slovenia (8.4K units)
6. Singapore (6.9K units)

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

In 2022, shipments abroad of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds decreased by -41.1% to 40K units, falling for the second year in a row after two years of growth. Overall, exports recorded a slight descent. The pace of growth appeared the most rapid in 2020 with an increase of 236% against the previous year. As a result, the exports attained the peak of 137K units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds shrank rapidly to $879K in 2022. Over the period under review, exports, however, showed measured growth. The most prominent rate of growth was recorded in 2020 when exports increased by 193% against the previous year. As a result, the exports reached the peak of $2.4M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Canada (10.9K units)
2. Hong Kong SAR (8.7K units)
3. Mexico (3.6K units)
4. Japan (3.6K units)
5. Monaco (2.6K units)
6. Germany (2.4K units)
7. France (1.8K units)
8. Italy (1.2K units)
9. Switzerland (0.7K units)
10. Australia (0.3K units)

Source: IndexBox Market Intelligence Platform