Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in India - 2023
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in India (CIF) - 2022
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in India (FOB) - 2022
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in India
- Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in India
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in India (CIF) - 2022
The average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $0.6 per unit in 2022, dropping by -12.2% against the previous year. In general, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 62% against the previous year. The import price peaked at $1 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 -5.2% per year.
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in India (FOB) - 2022
In 2022, the average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $3.6 per unit, picking up by 143% against the previous year. Over the period under review, the export price saw a modest increase. The most prominent rate of growth was recorded in 2019 an increase of 169% against the previous year. As a result, the export price reached the peak level of $14 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
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 Turkey ($9.6 per unit), while the average price for exports to Nigeria ($1 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 Turkey (+75.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in India
In 2022, approx. 828K units of pocket watches and other watches, including stop-watches; battery or accumulator powereds were imported into India; declining by -33% compared with the previous year. In general, imports continue to indicate a dramatic decline. The pace of growth appeared the most rapid in 2021 with an increase of 91%. Imports peaked at 1.6M 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 fell dramatically to $492K in 2022. Overall, imports showed a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. Over the period under review, imports of hit record highs at $1.2M 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 India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 845 | 265 | 419 | 310 | -28.4% |
| Hong Kong SAR | 224 | 249 | 375 | 10.5 | -63.9% |
| Others | 102 | 51.0 | 41.8 | 171 | 18.8% |
| Total | 1,170 | 565 | 836 | 492 | -25.1% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to India in 2022:
- China (814.3K units)
- Hong Kong SAR (7.8K units)
Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in India
Exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds from India dropped markedly to 11K units in 2022, waning by -62.7% compared with 2021 figures. Overall, exports faced a dramatic decrease. The growth pace was the most rapid in 2021 when exports increased by 28%. As a result, the exports attained the peak of 29K units, and then contracted notably in the following year.
In value terms, exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds dropped to $39K in 2022. Over the period under review, exports faced a dramatic shrinkage. The exports peaked at $382K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.6 | 12.8 | 0.4 | 8.4 | 141.0% |
| Kenya | 14.4 | 0.1 | 0.3 | 4.7 | -31.1% |
| Turkey | N/A | N/A | 2.5 | 3.5 | 40.0% |
| Bahrain | N/A | N/A | N/A | 2.7 | 0% |
| United States | 2.4 | 0.1 | 3.8 | 2.4 | 0.0% |
| Saudi Arabia | N/A | N/A | N/A | 2.3 | 0% |
| Bhutan | 0.2 | 0.4 | 1.4 | 1.9 | 111.8% |
| Sri Lanka | 1.3 | 0.4 | 0.4 | 1.9 | 13.5% |
| Netherlands | N/A | N/A | N/A | 1.5 | 0% |
| Zimbabwe | N/A | 0.4 | 0.5 | 1.4 | 87.1% |
| Ethiopia | 0.2 | N/A | N/A | 0.5 | 35.7% |
| Nigeria | N/A | 2.0 | 0.6 | 0.4 | -55.3% |
| Somalia | N/A | N/A | N/A | 0.3 | 0% |
| Others | 363 | 242 | 32.7 | 6.8 | -73.4% |
| Total | 382 | 258 | 42.7 | 38.7 | -53.4% |
Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from India in 2022:
- Kenya (3395.0 units)
- United Arab Emirates (1488.0 units)
- United States (907.0 units)
- Zimbabwe (767.0 units)
- Bahrain (650.0 units)
- Bhutan (634.0 units)
- Turkey (360.0 units)
- Nigeria (357.0 units)
- Saudi Arabia (298.0 units)
- Sri Lanka (283.0 units)
- Netherlands (240.0 units)
- Somalia (200.0 units)
- Ethiopia (162.0 units)
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