Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United Arab Emirates - 2022
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United Arab Emirates (CIF) - 2022
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United Arab Emirates (FOB) - 2022
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United Arab Emirates
- Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United Arab Emirates
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United Arab Emirates (CIF) - 2022
The average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $7.1 per unit in 2022, shrinking by -70.4% against the previous year. Over the period under review, the import price, however, posted a strong increase. The pace of growth appeared the most rapid in 2014 an increase of 208%. Over the period under review, average import prices reached the peak figure at $29 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($39 per unit), while the price for India ($1.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United Arab Emirates (FOB) - 2022
The average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $60 per unit in 2022, increasing by 123% against the previous year. Overall, the export price recorded a strong increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 126%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($208 per unit), while the average price for exports to Maldives ($14 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 (+338.3%), 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 United Arab Emirates
Imports of pocket watches and other watches, including stop-watches; battery or accumulator powereds into the United Arab Emirates reduced rapidly to 51K units in 2022, which is down by -37% compared with the previous year. In general, imports faced a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 214%. Imports peaked at 110K 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 contracted sharply to $362K in 2022. Over the period under review, imports faced a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 352% against the previous year. As a result, imports attained the peak of $1.9M, and then declined dramatically in the following year.
| Import of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 210 | 49.5 | 186 | 104 | -20.9% |
| Switzerland | 4.3 | 3.9 | 6.6 | 68.8 | 152.0% |
| Italy | 1.7 | N/A | N/A | 33.2 | 169.3% |
| Thailand | N/A | N/A | N/A | 31.1 | 0% |
| Saudi Arabia | N/A | N/A | N/A | 20.9 | 0% |
| Norway | N/A | N/A | N/A | 16.5 | 0% |
| India | 4.8 | 0.4 | N/A | 5.7 | 5.9% |
| Australia | 382 | 258 | 1,575 | N/A | 103.1% |
| Others | 74.1 | 118 | 175 | 82.4 | 3.6% |
| Total | 677 | 430 | 1,943 | 362 | -18.8% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to the United Arab Emirates in 2022:
- China (38.9K units)
- India (2.9K units)
- Thailand (2.3K units)
- Switzerland (1.8K units)
- Saudi Arabia (1.3K units)
- Italy (1.2K units)
- Norway (1.0K units)
Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United Arab Emirates
In 2022, overseas shipments of pocket watches and other watches, including stop-watches; battery or accumulator powereds decreased by -37.2% to 4.7K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 897% against the previous year. As a result, the exports attained the peak of 7.5K 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 surged to $283K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 529% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | 4.1 | 1.6 | 71.2 | 316.7% |
| Switzerland | N/A | 0.1 | 0.9 | 44.1 | 2000.0% |
| Oman | 3.3 | 10.4 | 48.3 | 39.9 | 129.5% |
| Kazakhstan | N/A | N/A | N/A | 31.7 | 0% |
| Serbia | N/A | N/A | N/A | 19.5 | 0% |
| Maldives | N/A | N/A | N/A | 9.0 | 0% |
| Spain | 0.6 | N/A | N/A | 6.1 | 116.6% |
| Mauritius | 1.9 | N/A | 0.3 | 4.7 | 35.2% |
| Denmark | N/A | N/A | 7.4 | N/A | 0% |
| Italy | N/A | N/A | 104 | N/A | 0% |
| Georgia | N/A | 2.0 | 18.4 | N/A | 820.0% |
| Others | 15.5 | 15.3 | 20.9 | 56.5 | 53.9% |
| Total | 21.3 | 32.0 | 201 | 283 | 136.8% |
Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from the United Arab Emirates in 2022:
- Oman (2088.0 units)
- Switzerland (922.0 units)
- Maldives (660.0 units)
- Saudi Arabia (342.0 units)
- Kazakhstan (153.0 units)
- Serbia (95.0 units)
- Mauritius (87.0 units)
- Spain (86.0 units)
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