Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hong Kong SAR - 2023
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hong Kong SAR (FOB) - 2022
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hong Kong SAR (CIF) - 2022
- Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hong Kong SAR
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hong Kong SAR
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $4.9 per unit, increasing by 4.1% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds decreased by -22.1% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 32%. The export price peaked at $6.3 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($8.2 per unit), while the average price for exports to Belgium ($1.6 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 France (+7.5%), 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 Hong Kong SAR (CIF) - 2022
The average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $6.6 per unit in 2022, increasing by 28% against the previous year. In general, the import price showed a prominent expansion. The most prominent rate of growth was recorded in 2021 an increase of 31%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +9.8% per year.
Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hong Kong SAR
Exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds from Hong Kong SAR contracted to 487K units in 2022, waning by -10% against the year before. Over the period under review, exports faced a dramatic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 16%. The exports peaked at 982K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds dropped to $2.4M in 2022. In general, exports faced a sharp slump. The exports peaked at $5.8M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,557 | 762 | 765 | 679 | -24.2% |
| Japan | 854 | 638 | 711 | 646 | -8.9% |
| United Kingdom | 309 | 119 | 160 | 176 | -17.1% |
| Turkey | 277 | 79.8 | 138 | 171 | -14.9% |
| Netherlands | 43.7 | 40.3 | 27.3 | 164 | 55.4% |
| Germany | 321 | 247 | 190 | 152 | -22.1% |
| France | 2,048 | 739 | 199 | 104 | -63.0% |
| Italy | 36.3 | 67.2 | 22.8 | 73.6 | 26.6% |
| Others | 338 | 258 | 358 | 242 | -10.5% |
| Total | 5,784 | 2,950 | 2,570 | 2,408 | -25.3% |
Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from Hong Kong SAR in 2022:
- United States (187.4K units)
- Japan (94.7K units)
- Germany (49.9K units)
- United Kingdom (38.1K units)
- Netherlands (26.9K units)
- Italy (24.5K units)
- France (18.6K units)
- Turkey (14.1K units)
Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hong Kong SAR
In 2022, supplies from abroad of pocket watches and other watches, including stop-watches; battery or accumulator powereds was finally on the rise to reach 97K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a dramatic slump. Over the period under review, imports of reached the peak figure at 573K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of pocket watches and other watches, including stop-watches; battery or accumulator powereds skyrocketed to $639K in 2022. Over the period under review, imports, however, showed a dramatic slump. Imports peaked at $1.7M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,631 | 872 | 480 | 635 | -27.0% |
| United Arab Emirates | 95.9 | 206 | 0.7 | N/A | -91.5% |
| Others | 2.0 | N/A | 8.5 | 4.9 | 34.8% |
| Total | 1,729 | 1,078 | 489 | 639 | -28.2% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to Hong Kong SAR in 2022:
- China (96.5K units)
112
This report provides an in-depth analysis of the market for plastic or non-precious metal watch in Hong Kong SAR, China.
358
This report provides an in-depth analysis of the watch market in Hong Kong SAR, China.
294
This report provides an in-depth analysis of the propylene oxide market in Hong Kong SAR, China.
59
This report provides an in-depth analysis of the market for spices except pepper or ginger in Hong Kong SAR, China.
169
This report provides an in-depth analysis of the global market for plastic or non-precious metal watch.
2397
This report provides an in-depth analysis of the global watch market.
881
This report provides an in-depth analysis of the global propylene oxide market.
60
This report provides an in-depth analysis of the global market for spices except pepper or ginger.
112
This report provides an in-depth analysis of the market for plastic or non-precious metal watch in Hong Kong SAR, China.
169
This report provides an in-depth analysis of the global market for plastic or non-precious metal watch.
118
During the review period, Watch imports peaked at 7.6M units in August 2023 but decreased slightly from September to November. In terms of value, watch imports increased to $612M in November 2023.
151
During the review period, Watch imports peaked at 7.6M units in August 2023. However, from September to November 2023, imports slightly decreased. In terms of value, watch imports saw a modest increase to $612M in November 2023.
223
In January 2023, the price of Watch increased significantly, reaching $113 (CIF, Hong Kong) per unit, a 34% surge from the previous month.
193
Explore the top import markets for plastic or non-precious metal watches in the world. Discover key statistics and import values of these markets. Learn how the demand for affordable and stylish watches drives the global import market.
230
Explore the top import markets for watches worldwide, including Hong Kong SAR, the United States, China, France, Germany, Japan, Singapore, Switzerland, the United Kingdom, and the United Arab Emirates. Discover key statistics and market insights.
1425
The continued rise in popularity of smartwatches is having a major impact on the watch market.
802
In value terms, watch movements imports totaled $X in 2016. Overall, watch movements imports continue to indicate a relatively flat trend pattern. Global watch movements import peaked of $X in X>
587
In value terms, watch straps, watch bands, watch bracelets and parts thereof imports totaled $X in 2016. Overall, it indicated a remarkable expansion from 2007 to 2016: the total imports value decrea...
635
In value terms, watch cases and parts thereof imports totaled $X in 2016. Overall, it indicated a remarkable increase from 2007 to 2016: the total imports value increased at an average annual rate ...
733
In value terms, complete, unassembled watch and clock movements imports stood at $X in 2016. Overall, it indicated a temperate expansion from 2007 to 2016: the total imports value increased at an a...
