Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Lithuania - 2023
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Lithuania (CIF) - 2022
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Lithuania (FOB) - 2022
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Lithuania
- Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Lithuania
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Lithuania (CIF) - 2022
The average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $63 per unit in 2022, reducing by -9.8% against the previous year. Overall, the import price, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 84% against the previous year. The import price peaked at $71 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($183 per unit), while the price for Spain ($4.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Lithuania (FOB) - 2022
In 2022, the average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $118 per unit, growing by 148% against the previous year. In general, the export price saw prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Switzerland ($351 per unit), while the average price for exports to Estonia ($16 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 Kazakhstan (+48.6%), 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 Lithuania
For the fourth consecutive year, Lithuania recorded growth in purchases abroad of pocket watches and other watches, including stop-watches; battery or accumulator powereds, which increased by 18% to 17K units in 2022. The total import volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of pocket watches and other watches, including stop-watches; battery or accumulator powereds reached $1.1M in 2022. The total import value increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 8%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 678 | 788 | 755 | 811 | 6.2% |
| Germany | 85.8 | 11.1 | 3.5 | 126 | 13.7% |
| Poland | 33.2 | 86.2 | 117 | 105 | 46.8% |
| France | 65.4 | 56.0 | 60.8 | 8.0 | -50.4% |
| China | 9.7 | 6.8 | 2.0 | 6.5 | -12.5% |
| Spain | 0.3 | 0.2 | 1.1 | 1.6 | 74.7% |
| Hong Kong SAR | 40.0 | 0.9 | N/A | N/A | -97.8% |
| Others | 7.4 | 14.5 | 102 | 52.0 | 91.5% |
| Total | 920 | 964 | 1,041 | 1,110 | 6.5% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to Lithuania in 2022:
- Poland (8.7K units)
- Latvia (4.4K units)
- Germany (1.9K units)
- China (1.2K units)
- France (0.5K units)
- Spain (0.3K units)
Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Lithuania
In 2022, approx. 2.8K units of pocket watches and other watches, including stop-watches; battery or accumulator powereds were exported from Lithuania; waning by -20.9% compared with the previous year. Over the period under review, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 72% against the previous year. Over the period under review, the exports of reached the maximum at 9.5K 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 surged to $333K in 2022. In general, exports showed a slight descent. The most prominent rate of growth was recorded in 2021 when exports increased by 119%. Over the period under review, the exports of attained the maximum at $347K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | N/A | N/A | 148 | 0% |
| Germany | N/A | N/A | 0.1 | 47.7 | 47600.0% |
| Switzerland | N/A | N/A | N/A | 41.8 | 0% |
| Poland | 49.7 | N/A | N/A | 41.7 | -5.7% |
| Czech Republic | N/A | N/A | N/A | 21.2 | 0% |
| Latvia | 30.7 | 16.5 | 43.1 | 10.1 | -31.0% |
| Netherlands | N/A | N/A | N/A | 7.9 | 0% |
| Russia | 47.2 | 31.1 | 83.6 | 3.3 | -58.8% |
| Sweden | 191 | 0.1 | N/A | 0.4 | -87.2% |
| Estonia | 12.2 | 25.4 | 36.0 | 0.1 | -79.8% |
| Denmark | N/A | 0.9 | 0.4 | N/A | -55.6% |
| Others | 16.6 | 3.5 | 6.5 | 11.4 | -11.8% |
| Total | 347 | 77.4 | 170 | 333 | -1.4% |
Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from Lithuania in 2022:
- Kazakhstan (961.0 units)
- Poland (492.0 units)
- Germany (435.0 units)
- Latvia (405.0 units)
- Czech Republic (155.0 units)
- Switzerland (119.0 units)
- Netherlands (117.0 units)
- Russia (24.0 units)
- Estonia (9.0 units)
- Sweden (6.0 units)
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