Price for Watch Cases and Parts Thereof in Brazil - 2023

Contents:

1. Price for Watch Cases and Parts Thereof in Brazil (CIF) - 2023
2. Price for Watch Cases and Parts Thereof in Brazil (FOB) - 2022
3. Imports of Watch Cases and Parts Thereof in Brazil
4. Exports of Watch Cases and Parts Thereof in Brazil

Price for Watch Cases and Parts Thereof in Brazil (CIF) - 2023

The average import price for watch cases and parts thereoves stood at $1.3 per unit in October 2023, surging by 43% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 166% against the previous month. The import price peaked at $2.1 per unit in February 2023; however, from March 2023 to October 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Hong Kong SAR ($1.7 per unit), while the price for China ($808 per thousand units) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for watch cases and parts thereoves amounted to $1.7 per unit, growing by 8.6% against the previous year. Overall, the export price posted a modest expansion. The most prominent rate of growth was recorded in 2016 an increase of 230% against the previous year. Over the period under review, the average export prices reached the peak figure at $4.2 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Portugal.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +20.5% per year.

Imports of Watch Cases and Parts Thereof in Brazil

In 2022, the amount of watch cases and parts thereoves imported into Brazil shrank to 3.8M units, with a decrease of -10.5% against the year before. Overall, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 73%. Imports peaked at 5.7M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, watch cases and parts thereof imports expanded sharply to $4.9M in 2022. In general, imports saw a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of 69%. Imports peaked at $5.4M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

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

1. Hong Kong SAR (1.9M units)
2. China (1.8M units)

Exports of Watch Cases and Parts Thereof in Brazil

Watch cases and parts thereof exports from Brazil fell sharply to 301 units in 2022, which is down by -80.1% compared with 2021. In general, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 426% against the previous year. As a result, the exports attained the peak of 1.5K units, and then fell dramatically in the following year.

In value terms, watch cases and parts thereof exports fell notably to $510 in 2022. Over the period under review, exports faced a precipitous decline. The pace of growth was the most pronounced in 2021 when exports increased by 94%. As a result, the exports reached the peak of $2.4K, and then contracted markedly in the following year.

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

1. Portugal (300.0 units)

Source: IndexBox Market Intelligence Platform