Price for Watch Cases and Parts Thereof in Lithuania - 2023
Contents:
- Price for Watch Cases and Parts Thereof in Lithuania (CIF) - 2022
- Price for Watch Cases and Parts Thereof in Lithuania (FOB) - 2022
- Imports of Watch Cases and Parts Thereof in Lithuania
- Exports of Watch Cases and Parts Thereof in Lithuania
Price for Watch Cases and Parts Thereof in Lithuania (CIF) - 2022
In 2022, the average import price for watch cases and parts thereoves amounted to $55 per unit, jumping by 18% against the previous year. Over the period under review, the import price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2014 an increase of 138%. As a result, import price reached the peak level of $538 per unit. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($352 per unit), while the price for Estonia ($27 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+56.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Cases and Parts Thereof in Lithuania (FOB) - 2022
In 2022, the average export price for watch cases and parts thereoves amounted to $53 per unit, declining by -88.9% against the previous year. Overall, the export price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 418% against the previous year. The export price peaked at $477 per unit in 2021, and then shrank significantly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($73 per unit), while the average price for exports to Germany ($2 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 UK (+62.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Watch Cases and Parts Thereof in Lithuania
In 2022, purchases abroad of watch cases and parts thereoves decreased by -50.6% to 229 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 520% against the previous year. Imports peaked at 464 units in 2021, and then fell dramatically in the following year.
In value terms, watch cases and parts thereof imports fell markedly to $13K in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 273%. Over the period under review, imports attained the maximum at $22K in 2021, and then contracted remarkably in the following year.
| Import of Watch Cases and Parts Thereof in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 0.5 | 7.7 | 13.2 | 5.2 | 118.3% |
| China | 0.3 | 2.2 | 1.4 | 4.2 | 141.0% |
| Latvia | 0.5 | N/A | N/A | 0.6 | 6.3% |
| Hong Kong SAR | 0.6 | 1.8 | N/A | 0.4 | -12.6% |
| Poland | N/A | N/A | N/A | N/A | 0% |
| Others | 1.3 | 0.1 | 7.0 | 2.1 | 17.3% |
| Total | 3.2 | 11.8 | 21.6 | 12.6 | 57.9% |
Top Suppliers of Watch Cases and Parts Thereof to Lithuania in 2022:
- Estonia (194.0 units)
- Latvia (14.0 units)
- China (12.0 units)
- Hong Kong SAR (4.0 units)
Exports of Watch Cases and Parts Thereof in Lithuania
After three years of growth, shipments abroad of watch cases and parts thereoves decreased by -47.4% to 10 units in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 171% against the previous year. As a result, the exports attained the peak of 19 units, and then dropped notably in the following year.
In value terms, watch cases and parts thereof exports shrank significantly to $530 in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 957%. The exports peaked at $9.1K in 2021, and then shrank significantly in the following year.
| Export of Watch Cases and Parts Thereof in Lithuania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | N/A | N/A | 235 | 0% |
| Japan | N/A | 1,410 | 1,103 | 195 | -62.8% |
| Greece | N/A | N/A | 6.0 | 73.0 | 1116.7% |
| Russia | 199 | 321 | 130 | 25.0 | -49.9% |
| Germany | N/A | N/A | N/A | 2.0 | 0% |
| Bulgaria | N/A | 190 | 47.0 | N/A | -75.3% |
| Hong Kong SAR | N/A | N/A | 131 | N/A | 0% |
| Latvia | N/A | N/A | 12.0 | N/A | 0% |
| Austria | 24.0 | N/A | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | 7,380 | N/A | 0% |
| Indonesia | N/A | 489 | N/A | N/A | 0% |
| Estonia | N/A | N/A | 97.0 | N/A | 0% |
| Belarus | N/A | N/A | 111 | N/A | 0% |
| Others | 6.0 | 11.0 | 48.0 | N/A | 182.8% |
| Total | 229 | 2,421 | 9,065 | 530 | 32.3% |
Top Export Markets for Watch Cases and Parts Thereof from Lithuania in 2022:
- Kazakhstan (4.0 units)
- Japan (3.0 units)
- Germany (1.0 units)
- Russia (1.0 units)
- Greece (1.0 units)
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