Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in China - 2023
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in China (FOB) - 2022
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in China (CIF) - 2022
- Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in China
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in China
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in China (FOB) - 2022
The average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $2.5 per unit in 2022, waning by -44.7% against the previous year. In general, the export price, however, saw temperate growth. The growth pace was the most rapid in 2015 an increase of 464%. The export price peaked at $20 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($5.9 per unit), while the average price for exports to Kenya ($0.8 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 Australia (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in China (CIF) - 2022
In 2022, the average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $29 per unit, rising by 23% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 205% against the previous year. As a result, import price attained the peak level of $93 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
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 Switzerland ($133 per unit), while the price for the UK ($4.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in China
For the fourth year in a row, China recorded growth in overseas shipments of pocket watches and other watches, including stop-watches; battery or accumulator powereds, which increased by 134% to 5.7M units in 2022. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds skyrocketed to $14M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 1,818 | 1,209 | 1,837 | 2,244 | 7.3% |
| United States | 1,760 | 1,405 | 2,298 | 2,079 | 5.7% |
| Japan | 1,300 | 1,288 | 1,099 | 1,657 | 8.4% |
| United Kingdom | 307 | 246 | 339 | 753 | 34.9% |
| Australia | 83.0 | 72.3 | 187 | 697 | 103.3% |
| Singapore | 506 | 118 | 69.8 | 637 | 8.0% |
| Malaysia | 90.1 | 76.0 | 269 | 548 | 82.5% |
| India | 388 | 145 | 322 | 458 | 5.7% |
| Indonesia | 74.6 | 151 | 240 | 383 | 72.5% |
| Germany | 309 | 280 | 274 | 381 | 7.2% |
| Romania | 7.9 | 25.1 | 10.6 | 178 | 182.4% |
| Kenya | 25.9 | 10.4 | 61.5 | 168 | 86.5% |
| United Arab Emirates | 358 | 49.5 | 184 | 126 | -29.4% |
| Others | 4,941 | 3,667 | 3,909 | 4,032 | -6.6% |
| Total | 11,969 | 8,741 | 11,100 | 14,341 | 6.2% |
Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from China in 2022:
- Japan (1032.0K units)
- Hong Kong SAR (877.4K units)
- United States (810.7K units)
- India (288.9K units)
- Kenya (202.3K units)
- United Kingdom (200.4K units)
- Romania (179.5K units)
- Singapore (172.8K units)
- Indonesia (130.5K units)
- Germany (120.0K units)
- Australia (118.5K units)
- Malaysia (92.4K units)
- United Arab Emirates (79.1K units)
Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in China
In 2022, purchases abroad of pocket watches and other watches, including stop-watches; battery or accumulator powereds was finally on the rise to reach 18K units after two years of decline. In general, imports, however, recorded a abrupt curtailment. Imports peaked at 31K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of pocket watches and other watches, including stop-watches; battery or accumulator powereds soared to $514K in 2022. Over the period under review, imports, however, faced a drastic downturn. Over the period under review, imports of reached the maximum at $774K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 42.0 | 106 | 142 | 288 | 90.0% |
| Malaysia | 0.1 | N/A | N/A | 101 | 903.3% |
| Switzerland | 8.1 | 32.3 | 37.4 | 75.0 | 110.0% |
| United States | 472 | 12.1 | 69.0 | 27.2 | -61.4% |
| United Kingdom | 5.9 | 3.9 | 1.0 | 8.6 | 13.4% |
| Germany | 43.0 | 8.3 | 47.3 | 4.5 | -52.9% |
| Hong Kong SAR | 9.9 | 2.4 | 44.9 | N/A | 113.0% |
| Austria | 82.9 | 219 | 7.2 | N/A | -70.5% |
| Canada | 60.4 | 1.5 | N/A | N/A | -97.5% |
| Others | 50.1 | 81.7 | 67.5 | 10.9 | -39.9% |
| Total | 774 | 467 | 416 | 514 | -12.8% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to China in 2022:
- Japan (12.1K units)
- United Kingdom (2.0K units)
- Malaysia (1.8K units)
- United States (1.0K units)
- Switzerland (0.6K units)
- Germany (0.1K units)
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