Price for Watch Cases and Parts Thereof in Denmark - 2023
Contents:
- Price for Watch Cases and Parts Thereof in Denmark (CIF) - 2022
- Price for Watch Cases and Parts Thereof in Denmark (FOB) - 2022
- Imports of Watch Cases and Parts Thereof in Denmark
- Exports of Watch Cases and Parts Thereof in Denmark
Price for Watch Cases and Parts Thereof in Denmark (CIF) - 2022
In 2022, the average import price for watch cases and parts thereoves amounted to $8.3 per unit, declining by -35.7% against the previous year. In general, the import price, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 198% against the previous year. Over the period under review, average import prices reached the maximum at $21 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Austria ($109 per unit), while the price for China ($4.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+27.2%), while the prices for the other major suppliers experienced a decline.
Price for Watch Cases and Parts Thereof in Denmark (FOB) - 2022
In 2022, the average export price for watch cases and parts thereoves amounted to $5.9 per unit, increasing by 8.4% against the previous year. Over the period under review, the export price showed resilient growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 251%. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($86 per unit), while the average price for exports to Brazil ($0.7 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 Iceland (+52.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Watch Cases and Parts Thereof in Denmark
In 2022, the amount of watch cases and parts thereoves imported into Denmark skyrocketed to 143K units, picking up by 494% compared with 2021. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, watch cases and parts thereof imports skyrocketed to $1.2M in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Watch Cases and Parts Thereof in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 333 | 0% |
| Austria | N/A | N/A | N/A | 245 | 0% |
| Switzerland | 188 | 61.7 | 181 | 240 | 8.5% |
| China | 54.0 | 113 | 52.7 | 239 | 64.2% |
| Hungary | 16.3 | 76.3 | N/A | 27.4 | 18.9% |
| Netherlands | N/A | 75.1 | 0.5 | 1.1 | -87.9% |
| Others | 5.1 | 3.3 | 74.1 | 93.8 | 164.0% |
| Total | 264 | 329 | 309 | 1,178 | 64.6% |
Top Suppliers of Watch Cases and Parts Thereof to Denmark in 2022:
- Germany (72.1K units)
- China (54.9K units)
- Switzerland (5.5K units)
- Hungary (2.6K units)
- Austria (2.2K units)
- Netherlands (0.1K units)
Exports of Watch Cases and Parts Thereof in Denmark
In 2022, the amount of watch cases and parts thereoves exported from Denmark expanded modestly to 41K units, with an increase of 1.5% against 2021. Overall, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 34%. As a result, the exports attained the peak of 87K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, watch cases and parts thereof exports totaled $241K in 2022. In general, exports recorded a strong expansion. The growth pace was the most rapid in 2020 with an increase of 161%. As a result, the exports reached the peak of $502K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Watch Cases and Parts Thereof in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.2 | 1.8 | 2.3 | 117 | 276.1% |
| Norway | 112 | 175 | 64.6 | 35.8 | -31.6% |
| Netherlands | 0.2 | 0.3 | 26.8 | 21.6 | 376.2% |
| Sweden | 4.5 | 15.1 | 6.6 | 19.7 | 63.6% |
| Iceland | 4.7 | 0.6 | N/A | 13.5 | 42.1% |
| Hong Kong SAR | N/A | 237 | 77.1 | 4.1 | -86.8% |
| Greenland | 2.5 | 25.2 | 5.8 | 2.6 | 1.3% |
| Brazil | N/A | 0.6 | N/A | 0.7 | 8.0% |
| Faroe Islands | 19.2 | 4.5 | N/A | N/A | -76.6% |
| Others | 46.8 | 42.8 | 36.0 | 26.1 | -17.7% |
| Total | 193 | 502 | 219 | 241 | 7.7% |
Top Export Markets for Watch Cases and Parts Thereof from Denmark in 2022:
- Germany (16.4K units)
- Netherlands (9.1K units)
- Norway (7.3K units)
- Greenland (3.1K units)
- Sweden (1.7K units)
- Brazil (1.0K units)
- Hong Kong SAR (0.7K units)
- Iceland (0.2K units)
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