Price for Watch Cases and Parts Thereof in Germany - 2023
Contents:
- Price for Watch Cases and Parts Thereof in Germany (CIF) - 2022
- Price for Watch Cases and Parts Thereof in Germany (FOB) - 2022
- Imports of Watch Cases and Parts Thereof in Germany
- Exports of Watch Cases and Parts Thereof in Germany
Price for Watch Cases and Parts Thereof in Germany (CIF) - 2022
In 2022, the average import price for watch cases and parts thereoves amounted to $47 per unit, picking up by 16% against the previous year. In general, the import price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs at $98 per unit in 2013; however, from 2014 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 Switzerland ($91 per unit), while the price for Hong Kong SAR ($8.8 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 (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Watch Cases and Parts Thereof in Germany (FOB) - 2022
The average export price for watch cases and parts thereoves stood at $105 per unit in 2022, rising by 35% against the previous year. Over the period under review, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 145%. As a result, the export price attained the peak level of $150 per unit. From 2017 to 2022, the average export prices remained at a lower figure.
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 Switzerland ($184 per unit), while the average price for exports to Italy ($1.7 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 Switzerland (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Watch Cases and Parts Thereof in Germany
In 2022, approx. 541K units of watch cases and parts thereoves were imported into Germany; increasing by 13% on 2021. Overall, total imports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.9% 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 +59.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 41% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, watch cases and parts thereof imports skyrocketed to $25M in 2022. In general, imports showed resilient growth. The growth pace was the most rapid in 2021 when imports increased by 81% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Watch Cases and Parts Thereof in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 13.2 | 8.8 | 17.0 | 22.7 | 19.8% |
| China | 1.4 | 1.5 | 2.0 | 2.1 | 14.5% |
| Hong Kong SAR | 0.3 | 0.2 | 0.2 | 0.4 | 10.1% |
| Others | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 15.0 | 10.7 | 19.3 | 25.3 | 19.0% |
Top Suppliers of Watch Cases and Parts Thereof to Germany in 2022:
- Switzerland (248.8K units)
- China (235.5K units)
- Hong Kong SAR (41.6K units)
Exports of Watch Cases and Parts Thereof in Germany
In 2022, exports of watch cases and parts thereoves from Germany fell to 118K units, which is down by -10.1% against the previous year. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 64% against the previous year. As a result, the exports attained the peak of 131K units, and then contracted in the following year.
In value terms, watch cases and parts thereof exports skyrocketed to $12M in 2022. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 97% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Watch Cases and Parts Thereof in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 4,997 | 4,157 | 8,609 | 10,987 | 30.0% |
| Portugal | 79.2 | 145 | 276 | 485 | 83.0% |
| Sweden | 107 | 219 | 474 | 247 | 32.2% |
| Hong Kong SAR | 100 | 88.6 | 127 | 205 | 27.0% |
| Netherlands | 158 | 288 | 279 | 141 | -3.7% |
| United States | 58.9 | 31.7 | 55.0 | 49.0 | -5.9% |
| Austria | 43.5 | 23.3 | 31.1 | 20.2 | -22.6% |
| France | 45.5 | 3.2 | 2.4 | 17.8 | -26.9% |
| United Arab Emirates | 0.6 | 0.1 | 3.8 | 8.4 | 141.0% |
| Italy | 5.3 | 23.3 | 5.1 | 3.7 | -11.3% |
| Others | 224 | 184 | 290 | 210 | -2.1% |
| Total | 5,820 | 5,163 | 10,152 | 12,373 | 28.6% |
Top Export Markets for Watch Cases and Parts Thereof from Germany in 2022:
- Switzerland (59.8K units)
- Hong Kong SAR (9.9K units)
- Portugal (9.8K units)
- Netherlands (4.5K units)
- Austria (4.3K units)
- United Arab Emirates (3.8K units)
- France (3.7K units)
- Sweden (3.2K units)
- United States (2.3K units)
- Italy (2.1K units)
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