Price for Watch Cases and Parts Thereof in Australia - 2023

Contents:

1. Price for Watch Cases and Parts Thereof in Australia (CIF) - 2022
2. Price for Watch Cases and Parts Thereof in Australia (FOB) - 2022
3. Imports of Watch Cases and Parts Thereof in Australia
4. Exports of Watch Cases and Parts Thereof in Australia

Price for Watch Cases and Parts Thereof in Australia (CIF) - 2022

The average import price for watch cases and parts thereoves stood at $111 per unit in 2022, waning by -4.3% against the previous year. Overall, the import price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 110% against the previous year. Over the period under review, average import prices reached the maximum at $116 per unit in 2021, and then dropped in the following year.

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 ($150 per unit), while the price for Sweden ($68 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Watch Cases and Parts Thereof in Australia (FOB) - 2022

The average export price for watch cases and parts thereoves stood at $58 per unit in 2022, which is down by -52.3% against the previous year. Overall, the export price, however, showed prominent growth. The growth pace was the most rapid in 2018 an increase of 460%. Over the period under review, the average export prices hit record highs at $122 per unit in 2021, and then reduced notably in the following year.

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 ($200 per unit), while the average price for exports to Switzerland ($1.4 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 New Zealand (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Watch Cases and Parts Thereof in Australia

In 2022, the amount of watch cases and parts thereoves imported into Australia contracted to 13K units, which is down by -3.7% against the previous year's figure. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 88% against the previous year. As a result, imports reached the peak of 14K units, and then fell modestly in the following year.

In value terms, watch cases and parts thereof imports shrank to $1.5M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 154% against the previous year. As a result, imports reached the peak of $1.6M, and then fell in the following year.

Top Suppliers of Watch Cases and Parts Thereof to Australia in 2022:

1. China (7.5K units)
2. Switzerland (4.3K units)
3. Sweden (0.7K units)
4. Hong Kong SAR (0.3K units)
5. Germany (0.2K units)

Exports of Watch Cases and Parts Thereof in Australia

In 2022, exports of watch cases and parts thereoves from Australia skyrocketed to 3.1K units, with an increase of 168% on the previous year. Over the period under review, exports, however, saw a pronounced slump. The pace of growth was the most pronounced in 2021 with an increase of 183%. The exports peaked at 3.6K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, watch cases and parts thereof exports skyrocketed to $183K in 2022. Overall, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 783% against the previous year. The exports peaked at $265K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Watch Cases and Parts Thereof from Australia in 2022:

1. Switzerland (1439.0 units)
2. Malaysia (955.0 units)
3. Hong Kong SAR (431.0 units)
4. New Zealand (138.0 units)
5. United Kingdom (99.0 units)
6. United States (7.0 units)

Source: IndexBox Market Intelligence Platform