Price for Watch Cases and Parts Thereof in Latvia - 2023

Contents:

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

Price for Watch Cases and Parts Thereof in Latvia (CIF) - 2022

In 2022, the average import price for watch cases and parts thereoves amounted to $16 per unit, with a decrease of -46% against the previous year. In general, the import price saw a mild decline. The pace of growth appeared the most rapid in 2014 when the average import price increased by 448%. The import price peaked at $578 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Japan ($14 per unit), while the price for the Netherlands ($0.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+15.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for watch cases and parts thereoves stood at $18 per unit in 2021, remaining constant against the previous year. Overall, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of 62% against the previous year. Over the period under review, the average export prices hit record highs at $26 per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2013 to 2021, the rate of growth in terms of prices for Lithuania amounted to +35.5% per year.

Imports of Watch Cases and Parts Thereof in Latvia

In 2022, approx. 219 units of watch cases and parts thereoves were imported into Latvia; rising by 356% against the year before. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 550%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, watch cases and parts thereof imports skyrocketed to $3.5K in 2022. In general, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Poland (110.0 units)
2. China (43.0 units)
3. Netherlands (33.0 units)
4. France (25.0 units)
5. Japan (3.0 units)

Exports of Watch Cases and Parts Thereof in Latvia

Watch cases and parts thereof exports from Latvia stood at 401 units in 2021, approximately equating the previous year's figure. Over the period under review, exports enjoyed significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, watch cases and parts thereof exports soared to $7.3K in 2021. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Romania (401.0 units)

Source: IndexBox Market Intelligence Platform