Price for Watch Cases and Parts Thereof in Peru - 2021

Contents:

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

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

In 2022, the average import price for watch cases and parts thereoves amounted to $39 per unit, increasing by 2.1% against the previous year. In general, the import price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 91% against the previous year. Over the period under review, average import prices hit record highs at $178 per unit in 2016; however, from 2017 to 2022, 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 the United States ($970 per unit), while the price for China ($18 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+40.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for watch cases and parts thereoves stood at $75 per unit in 2022, shrinking by -45.1% against the previous year. Over the period under review, the export price, however, recorded prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 101%. As a result, the export price attained the peak level of $186 per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($178 per unit), while the average price for exports to Switzerland ($19 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 Iceland (+38.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Watch Cases and Parts Thereof in Peru

In 2022, supplies from abroad of watch cases and parts thereoves decreased by -30.7% to 1.1K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 312%. As a result, imports reached the peak of 1.6K units, and then contracted dramatically in the following year.

In value terms, watch cases and parts thereof imports contracted dramatically to $42K in 2022. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 142% against the previous year. As a result, imports reached the peak of $60K, and then dropped remarkably in the following year.

Import of Watch Cases and Parts Thereof in Peru (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China7.58.126.916.129.0%
Thailand2.05.47.75.741.8%
Hong Kong SAR1.91.22.14.735.2%
Chile3.76.016.04.56.7%
SwedenN/AN/A0.42.5525.0%
Others1.54.06.58.679.0%
Total16.624.659.642.136.4%

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

  1. China (903.0 units)
  2. Thailand (56.0 units)
  3. Chile (51.0 units)
  4. Hong Kong SAR (36.0 units)
  5. Sweden (22.0 units)

Exports of Watch Cases and Parts Thereof in Peru

Watch cases and parts thereof exports from Peru skyrocketed to 85 units in 2022, picking up by 124% compared with the year before. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 925%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, watch cases and parts thereof exports soared to $6.4K in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,162% against the previous year. As a result, the exports reached the peak of $7.7K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Watch Cases and Parts Thereof in Peru (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ecuador0.20.60.53.8166.8%
Bolivia0.10.20.22.0171.4%
ChileN/A0.84.40.5-20.9%
SwitzerlandN/AN/AN/A0.20%
United StatesN/A5.9N/AN/A0%
Others0.10.1N/AN/A0.0%
Total0.37.75.26.4177.3%

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

  1. Bolivia (49.0 units)
  2. Ecuador (21.0 units)
  3. Switzerland (10.0 units)
  4. Chile (5.0 units)

Source: IndexBox Market Intelligence Platform

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