Price for Watch Cases and Parts Thereof in Japan - 2023
Contents:
- Price for Watch Cases and Parts Thereof in Japan (CIF) - 2023
- Price for Watch Cases and Parts Thereof in Japan (FOB) - 2023
- Imports of Watch Cases and Parts Thereof in Japan
- Exports of Watch Cases and Parts Thereof in Japan
Price for Watch Cases and Parts Thereof in Japan (CIF) - 2023
In September 2023, the average import price for watch cases and parts thereoves amounted to $9.8 per unit, rising by 16% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.4%. The growth pace was the most rapid in June 2023 an increase of 29% against the previous month. Over the period under review, average import prices attained the maximum in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Malaysia ($37.5 per unit), while the price for Thailand ($2.4 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Cases and Parts Thereof in Japan (FOB) - 2023
The average export price for watch cases and parts thereoves stood at $1.8 per unit in September 2023, dropping by -21% against the previous month. Overall, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in November 2022 an increase of 49% against the previous month. The export price peaked at $3.6 per unit in September 2022; however, from October 2022 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Malaysia ($4.4 per unit), while the average price for exports to Thailand ($1.2 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+6.0%), while the prices for the other major destinations experienced a decline.
Imports of Watch Cases and Parts Thereof in Japan
In 2022, approx. 1.5M units of watch cases and parts thereoves were imported into Japan; dropping by -27.1% on the previous year's figure. In general, imports faced a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Imports peaked at 2.6M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, watch cases and parts thereof imports plummeted to $13M in 2022. Overall, imports saw a deep slump. The growth pace was the most rapid in 2021 when imports increased by 10% against the previous year. Imports peaked at $19M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Watch Cases and Parts Thereof in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.5 | 7.2 | 7.8 | 5.5 | -16.7% |
| Malaysia | 3.4 | 3.4 | 4.3 | 3.5 | 1.0% |
| Switzerland | 1.6 | 1.4 | 1.6 | 2.1 | 9.5% |
| Thailand | 3.0 | 2.2 | 2.3 | 1.5 | -20.6% |
| Vietnam | 1.5 | 0.8 | 0.4 | 0.5 | -30.7% |
| Others | 0.1 | N/A | 0.2 | N/A | 41.4% |
| Total | 19.0 | 15.0 | 16.6 | 13.2 | -11.4% |
Top Suppliers of Watch Cases and Parts Thereof to Japan in 2022:
- China (850.3K units)
- Thailand (483.5K units)
- Malaysia (90.8K units)
- Vietnam (73.7K units)
- Switzerland (28.6K units)
Exports of Watch Cases and Parts Thereof in Japan
In 2022, watch cases and parts thereof exports from Japan skyrocketed to 5M units, increasing by 63% compared with 2021. In general, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, watch cases and parts thereof exports surged to $3.7M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +5.1% 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 +70.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Watch Cases and Parts Thereof in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,052 | 876 | 710 | 1,972 | 23.3% |
| China | 325 | 278 | 800 | 736 | 31.3% |
| Others | 1,813 | 1,019 | 858 | 993 | -18.2% |
| Total | 3,190 | 2,173 | 2,368 | 3,702 | 5.1% |
Top Export Markets for Watch Cases and Parts Thereof from Japan in 2022:
- Thailand (3.0M units)
- China (1.9M units)
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