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

Contents:

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

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

The average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $6.9 per unit in 2022, growing by 8.7% against the previous year. Over the period under review, the export price enjoyed a moderate expansion. The pace of growth was the most pronounced in 2018 an increase of 115% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($22 per unit), while the average price for exports to Serbia ($1.3 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 UK (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $1.4 per unit in 2022, increasing by 53% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 +58.4% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($4.1 per unit), while the price for China amounted to $0.6 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.9%).

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

Exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds from Turkey skyrocketed to 39K units in 2022, increasing by 32% compared with 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 325%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds skyrocketed to $267K in 2022. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 476% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Azerbaijan0.3N/A1.885.9559.1%
United Kingdom0.30.10.927.2349.2%
Israel1.81.211.625.3141.3%
Germany5.10.651.412.635.2%
Iraq3.75.011.310.642.0%
RomaniaN/A0.11.89.9895.0%
Syrian Arab Republic0.42.64.29.5187.4%
Lebanon2.0N/A3.78.058.7%
TunisiaN/AN/A4.37.472.1%
Serbia1.7N/A2.16.959.5%
CanadaN/A2.816.15.843.9%
Bulgaria0.1N/AN/A2.7200.0%
Austria3.0N/A0.22.4-7.2%
Others51.219.877.152.50.8%
Total69.832.418626756.4%

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

  1. Serbia (5.2K units)
  2. Israel (4.0K units)
  3. Azerbaijan (3.9K units)
  4. Syrian Arab Republic (3.6K units)
  5. Tunisia (2.7K units)
  6. Germany (2.7K units)
  7. Romania (2.4K units)
  8. United Kingdom (2.4K units)
  9. Iraq (2.0K units)
  10. Lebanon (1.8K units)
  11. Canada (0.8K units)
  12. Bulgaria (0.8K units)
  13. Austria (0.7K units)

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

Imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds into Turkey soared to 180K units in 2022, increasing by 50% on the previous year. Overall, imports saw a slight expansion. The growth pace was the most rapid in 2021 with an increase of 205% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds soared to $250K in 2022. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 170% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Import of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China11625.974.6103-3.9%
IranN/A0.10.112.91035.8%
Pakistan17.31.84.1N/A-51.3%
Others15.512.630.5134105.2%
Total14940.410925018.8%

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

  1. China (175.2K units)
  2. Iran (3.1K units)

Source: IndexBox Market Intelligence Platform

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