Price for Watch Cases and Parts Thereof in Malaysia - 2021
Contents:
- Price for Watch Cases and Parts Thereof in Malaysia (FOB) - 2022
- Price for Watch Cases and Parts Thereof in Malaysia (CIF) - 2022
- Exports of Watch Cases and Parts Thereof in Malaysia
- Imports of Watch Cases and Parts Thereof in Malaysia
Price for Watch Cases and Parts Thereof in Malaysia (FOB) - 2022
In 2022, the average export price for watch cases and parts thereoves amounted to $134 per unit, reducing by -26.2% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when the average export price increased by 50%. Over the period under review, the average export prices attained the maximum at $229 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($288 per unit), while the average price for exports to China ($99 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 Japan (-6.4%), while the prices for the other major destinations experienced a decline.
Price for Watch Cases and Parts Thereof in Malaysia (CIF) - 2022
In 2022, the average import price for watch cases and parts thereoves amounted to $11 per unit, with a decrease of -28.2% against the previous year. Over the period under review, the import price showed a deep downturn. The growth pace was the most rapid in 2016 when the average import price increased by 30% against the previous year. As a result, import price reached the peak level of $64 per unit. From 2017 to 2022, the average 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 Singapore ($65 per unit), while the price for Hong Kong SAR ($3.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.9%), while the prices for the other major suppliers experienced a decline.
Exports of Watch Cases and Parts Thereof in Malaysia
In 2022, after two years of decline, there was significant growth in overseas shipments of watch cases and parts thereoves, when their volume increased by 41% to 262K units. Overall, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports hit record highs at 472K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, watch cases and parts thereof exports stood at $35M in 2022. In general, exports, however, recorded a precipitous setback. The exports peaked at $70M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Watch Cases and Parts Thereof in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 12.4 | 24.2 | 24.2 | 17.8 | 12.8% |
| Singapore | 46.8 | 8.3 | 8.5 | 14.1 | -33.0% |
| Hong Kong SAR | 5.4 | 2.3 | 0.8 | 1.9 | -29.4% |
| China | 4.5 | 1.7 | N/A | 1.4 | -32.2% |
| Others | 0.6 | 0.3 | 0.2 | N/A | -42.3% |
| Total | 69.7 | 36.7 | 33.7 | 35.2 | -20.4% |
Top Export Markets for Watch Cases and Parts Thereof from Malaysia in 2022:
- Japan (179.8K units)
- Singapore (48.8K units)
- Hong Kong SAR (19.3K units)
- China (13.9K units)
Imports of Watch Cases and Parts Thereof in Malaysia
After two years of decline, overseas purchases of watch cases and parts thereoves increased by 41% to 979K units in 2022. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, watch cases and parts thereof imports amounted to $10M in 2022. Over the period under review, imports, however, recorded a deep reduction. Imports peaked at $20M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Watch Cases and Parts Thereof in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 9.8 | 5.8 | 6.9 | 5.8 | -16.0% |
| Hong Kong SAR | 4.0 | 3.2 | 1.9 | 2.3 | -16.8% |
| China | 4.7 | 0.6 | 0.8 | 1.6 | -30.2% |
| Japan | 1.1 | 0.8 | 0.5 | 0.6 | -18.3% |
| Others | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
| Total | 19.8 | 10.6 | 10.3 | 10.4 | -19.3% |
Top Suppliers of Watch Cases and Parts Thereof to Malaysia in 2022:
- Hong Kong SAR (726.3K units)
- China (103.6K units)
- Singapore (88.2K units)
- Japan (43.2K units)
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