Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the Philippines - 2023

Contents:

1. Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the Philippines (CIF) - 2022
2. Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the Philippines (FOB) - 2022
3. Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the Philippines
4. Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the Philippines

Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the Philippines (CIF) - 2022

In 2022, the average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $0.7 per unit, declining by -61.9% against the previous year. Over the period under review, the import price saw a abrupt slump. The pace of growth appeared the most rapid in 2021 an increase of 173% against the previous year. The import price peaked at $5.6 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($3 per unit), while the price for China stood at $0.5 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-6.3%).

Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the Philippines (FOB) - 2022

In 2022, the average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $46 per unit, with an increase of 1,433% against the previous year. Over the period under review, the export price posted modest growth. Over the period under review, the average export prices attained the peak figure at $179 per unit in 2017; however, from 2018 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 France ($148 per unit), while the average price for exports to Canada ($1 per unit) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (+4,100.0%), 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 the Philippines

Imports of pocket watches and other watches, including stop-watches; battery or accumulator powereds into the Philippines skyrocketed to 99K units in 2022, increasing by 26% against the year before. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 376%. As a result, imports reached the peak of 197K units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of pocket watches and other watches, including stop-watches; battery or accumulator powereds declined notably to $65K in 2022. In general, imports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 72%. Over the period under review, imports of attained the maximum at $136K in 2021, and then declined rapidly in the following year.

Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to the Philippines in 2022:

1. China (98.3K units)

Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the Philippines

Exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds from the Philippines shrank sharply to 12 units in 2022, falling by -72.7% compared with the year before. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 340%. As a result, the exports attained the peak of 44 units, and then reduced rapidly in the following year.

In value terms, exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds skyrocketed to $556 in 2022. Over the period under review, exports continue to indicate a deep downturn. The exports peaked at $1K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from the Philippines in 2022:

1. Canada (1.0 units)
2. Czech Republic (1.0 units)
3. Singapore (1.0 units)
4. Poland (1.0 units)
5. Brunei Darussalam (1.0 units)
6. Peru (1.0 units)
7. France (1.0 units)
8. Latvia (1.0 units)
9. Germany (1.0 units)
10. Ireland (1.0 units)
11. Slovakia (1.0 units)
12. New Zealand (1.0 units)

Source: IndexBox Market Intelligence Platform