Price for Watch Cases and Parts Thereof in Italy - 2023
Contents:
- Price for Watch Cases and Parts Thereof in Italy (FOB) - 2022
- Price for Watch Cases and Parts Thereof in Italy (CIF) - 2022
- Exports of Watch Cases and Parts Thereof in Italy
- Imports of Watch Cases and Parts Thereof in Italy
Price for Watch Cases and Parts Thereof in Italy (FOB) - 2022
In 2022, the average export price for watch cases and parts thereoves amounted to $45 per unit, shrinking by -5.4% against the previous year. In general, the export price faced a deep setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 88%. Over the period under review, the average export prices attained the peak figure at $271 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
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 the United States ($62 per unit), while the average price for exports to Vietnam ($0.6 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 the United States (+4.6%), while the prices for the other major destinations experienced a decline.
Price for Watch Cases and Parts Thereof in Italy (CIF) - 2022
The average import price for watch cases and parts thereoves stood at $12 per unit in 2022, falling by -39.1% against the previous year. Overall, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 46% against the previous year. The import price peaked at $65 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($77 per unit), while the price for Poland ($1.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+2.8%), while the prices for the other major suppliers experienced a decline.
Exports of Watch Cases and Parts Thereof in Italy
In 2022, watch cases and parts thereof exports from Italy expanded to 201K units, with an increase of 3.7% against the year before. Over the period under review, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 180%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, watch cases and parts thereof exports fell slightly to $9.1M in 2022. In general, exports showed a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 91%. As a result, the exports attained the peak of $9.2M, and then declined in the following year.
| Export of Watch Cases and Parts Thereof in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 3.1 | 2.5 | 8.1 | 7.5 | 34.2% |
| United States | N/A | N/A | N/A | 0.3 | 0% |
| Vietnam | N/A | N/A | N/A | N/A | 0% |
| France | 0.6 | 1.9 | 0.1 | N/A | -59.2% |
| Others | 2.0 | 0.4 | 0.9 | 1.2 | -15.7% |
| Total | 5.7 | 4.8 | 9.2 | 9.1 | 16.9% |
Top Export Markets for Watch Cases and Parts Thereof from Italy in 2022:
- Switzerland (178.7K units)
- United States (4.6K units)
- Vietnam (3.4K units)
- France (0.1K units)
Imports of Watch Cases and Parts Thereof in Italy
In 2022, the amount of watch cases and parts thereoves imported into Italy skyrocketed to 213K units, increasing by 60% compared with the year before. Overall, total imports indicated slight growth from 2019 to 2022: its volume increased at an average annual rate of +1.5% 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 +60.8% against 2020 indices. 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 reduced to $2.5M in 2022. In general, imports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. Imports peaked at $3.7M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Watch Cases and Parts Thereof in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 2,652 | 1,786 | 2,023 | 1,890 | -10.7% |
| China | 485 | 201 | 261 | 350 | -10.3% |
| Netherlands | 207 | 164 | 174 | 120 | -16.6% |
| Poland | N/A | N/A | 0.1 | 46.3 | 46200.0% |
| France | 164 | 10.6 | 15.3 | 15.5 | -54.4% |
| Hong Kong SAR | 29.0 | 23.2 | 33.2 | 12.9 | -23.7% |
| Serbia | 179 | N/A | 3.4 | N/A | -86.2% |
| Others | 6.7 | 9.0 | 28.5 | 32.5 | 69.3% |
| Total | 3,723 | 2,194 | 2,538 | 2,467 | -12.8% |
Top Suppliers of Watch Cases and Parts Thereof to Italy in 2022:
- China (124.1K units)
- Poland (33.0K units)
- Switzerland (24.5K units)
- Netherlands (17.8K units)
- France (3.2K units)
- Hong Kong SAR (2.1K units)
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