Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the UK - 2023
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the UK (CIF) - 2022
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the UK (FOB) - 2022
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the UK
- Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the UK
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the UK (CIF) - 2022
In 2022, the average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $6.1 per unit, dropping by -11% against the previous year. In general, the import price saw a slight descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 812% against the previous year. As a result, import price attained the peak level of $18 per unit. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($405 per unit), while the price for China ($3.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+454.2%), 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 the UK (FOB) - 2022
In 2022, the average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $40 per unit, increasing by 129% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($101 per unit), while the average price for exports to Belgium ($3.6 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 Hong Kong SAR (+11.7%), 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 UK
In 2022, purchases abroad of pocket watches and other watches, including stop-watches; battery or accumulator powereds was finally on the rise to reach 350K units after two years of decline. In general, imports, however, recorded a deep contraction. Imports peaked at 525K 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 surged to $2.1M in 2022. Overall, imports, however, showed a dramatic descent. Over the period under review, imports of reached the peak figure at $9.5M 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 the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7,710 | 5,012 | 555 | 1,165 | -46.7% |
| Italy | 10.7 | 14.2 | 25.6 | 203 | 166.7% |
| Hong Kong SAR | 601 | 290 | 58.5 | 189 | -32.0% |
| Netherlands | 1.7 | 9.8 | 1.0 | 34.8 | 173.6% |
| France | 520 | 65.8 | 49.4 | 6.1 | -77.3% |
| Others | 672 | 1,332 | 466 | 537 | -7.2% |
| Total | 9,515 | 6,724 | 1,155 | 2,135 | -39.2% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to the UK in 2022:
- China (312.4K units)
- Hong Kong SAR (15.0K units)
- Italy (10.0K units)
- Netherlands (8.0K units)
- France (0.4K units)
Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the UK
Exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds from the UK declined significantly to 22K units in 2022, waning by -83.4% compared with 2021. In general, exports saw a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 154% against the previous year. The exports peaked at 265K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds fell markedly to $898K in 2022. Over the period under review, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 136% against the previous year. Over the period under review, the exports of attained the peak figure at $2.4M 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 the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 38.0 | 88.2 | 72.8 | 262 | 90.3% |
| Netherlands | 152 | 11.3 | 213 | 89.1 | -16.3% |
| Kuwait | 2.0 | 1.8 | 26.6 | 32.2 | 152.5% |
| France | 139 | 61.0 | 723 | 30.2 | -39.9% |
| United Arab Emirates | 2.4 | 1.7 | 3.2 | 26.4 | 122.4% |
| Macao SAR | 75.4 | 17.3 | 5.0 | 23.0 | -32.7% |
| Germany | 237 | 122 | 517 | 22.2 | -54.6% |
| Ireland | 459 | 69.9 | 189 | 15.0 | -68.0% |
| New Zealand | N/A | N/A | N/A | 11.1 | 0% |
| Italy | 178 | 28.7 | 7.3 | 3.9 | -72.0% |
| Spain | 69.1 | 15.0 | 28.5 | 3.2 | -64.1% |
| Belgium | 143 | 23.3 | 8.8 | 1.1 | -80.3% |
| Sweden | 191 | 71.4 | N/A | N/A | -62.6% |
| Others | 756 | 491 | 571 | 378 | -20.6% |
| Total | 2,441 | 1,002 | 2,364 | 898 | -28.3% |
Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from the UK in 2022:
- Netherlands (9.9K units)
- Hong Kong SAR (2.6K units)
- Germany (2.0K units)
- Ireland (1.6K units)
- France (1.1K units)
- Kuwait (1.0K units)
- United Arab Emirates (0.9K units)
- Macao SAR (0.8K units)
- New Zealand (0.5K units)
- Spain (0.4K units)
- Belgium (0.3K units)
- Italy (0.2K units)
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