Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United States - 2023
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United States (CIF) - 2022
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United States (FOB) - 2023
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United States
- Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United States
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United States (CIF) - 2022
The average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $2.5 per unit in 2022, falling by -13.3% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds decreased by -28.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 75%. As a result, import price attained the peak level of $3.5 per unit. From 2021 to 2022, the average import prices remained at a somewhat 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 Hong Kong SAR ($4 per unit), while the price for Japan ($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 Hong Kong SAR (+2.3%), 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 States (FOB) - 2023
The average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $52.2 per unit in December 2023, growing by 18% against the previous month. Over the period under review, the export price, however, saw a slight reduction. The pace of growth appeared the most rapid in April 2023 an increase of 25% month-to-month. The export price peaked at $71.8 per unit in July 2023; however, from August 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Paraguay ($217 per unit), while the average price for exports to Colombia ($37.9 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+7.5%), 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 States
In 2022, purchases abroad of pocket watches and other watches, including stop-watches; battery or accumulator powereds was finally on the rise to reach 1.5M units after two years of decline. In general, imports, however, recorded a abrupt curtailment. Imports peaked at 2.5M 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 expanded notably to $3.9M in 2022. Over the period under review, imports, however, recorded a deep setback. Over the period under review, imports of reached the maximum at $5.1M 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.7 | 1.6 | 1.8 | 2.3 | -5.2% |
| Japan | 1.1 | 1.0 | 0.9 | 0.8 | -10.1% |
| Hong Kong SAR | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Others | 1.1 | 1.8 | 0.7 | 0.6 | -18.3% |
| Total | 5.1 | 4.5 | 3.4 | 3.9 | -8.6% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to the United States in 2022:
- China (1067.0K units)
- Japan (407.4K units)
- Hong Kong SAR (33.8K units)
Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United States
After three years of growth, shipments abroad of pocket watches and other watches, including stop-watches; battery or accumulator powereds decreased by -61.4% to 66K units in 2022. Over the period under review, exports saw a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 48%. Over the period under review, the exports of reached the maximum at 170K units in 2021, and then fell markedly in the following year.
In value terms, exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds fell remarkably to $3.1M in 2022. In general, exports recorded a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 101%. Over the period under review, the exports of attained the peak figure at $8.2M in 2021, and then declined dramatically in the following year.
| Export of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 46.6 | 29.0 | 41.7 | 835 | 161.7% |
| Canada | 570 | 393 | 541 | 473 | -6.0% |
| Paraguay | 98.2 | N/A | 43.9 | 446 | 65.6% |
| Japan | 1,059 | 831 | 557 | 406 | -27.4% |
| Hong Kong SAR | 239 | 1,097 | 450 | 316 | 9.8% |
| Malaysia | 8.0 | N/A | 131 | 278 | 226.3% |
| Belgium | 221 | 215 | 42.3 | 24.6 | -51.9% |
| Switzerland | 366 | 3,621 | 5,863 | 14.4 | -66.0% |
| New Zealand | 167 | 67.3 | 48.7 | 4.3 | -70.5% |
| Others | 893 | 1,122 | 511 | 281 | -32.0% |
| Total | 3,667 | 7,376 | 8,229 | 3,078 | -5.7% |
Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from the United States in 2022:
- Mexico (22.5K units)
- Canada (12.7K units)
- Japan (7.2K units)
- Paraguay (5.4K units)
- Hong Kong SAR (4.8K units)
- Malaysia (4.7K units)
- Belgium (1.7K units)
- New Zealand (0.4K units)
- Switzerland (0.3K units)
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