Price for Watch Cases and Parts Thereof in Russia - 2022
Contents:
- Price for Watch Cases and Parts Thereof in Russia (CIF) - 2022
- Price for Watch Cases and Parts Thereof in Russia (FOB) - 2022
- Imports of Watch Cases and Parts Thereof in Russia
- Exports of Watch Cases and Parts Thereof in Russia
Price for Watch Cases and Parts Thereof in Russia (CIF) - 2022
The average import price for watch cases and parts thereoves stood at $12 per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 71%. As a result, import price attained the peak level of $27 per unit. From 2014 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($11 per unit), while the price for Hong Kong SAR amounted to $9.7 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+17.7%), while the prices for the other major suppliers experienced a decline.
Price for Watch Cases and Parts Thereof in Russia (FOB) - 2022
The average export price for watch cases and parts thereoves stood at $123 per unit in 2021, with an increase of 14% against the previous year. Overall, the export price continues to indicate measured growth. The growth pace was the most rapid in 2017 an increase of 73%. As a result, the export price reached the peak level of $170 per unit. From 2018 to 2021, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belarus ($389 per unit), while the average price for exports to Poland ($15 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+149.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Watch Cases and Parts Thereof in Russia
In 2022, the amount of watch cases and parts thereoves imported into Russia shrank significantly to 88K units, dropping by -16.5% on the previous year. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Imports peaked at 152K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, watch cases and parts thereof imports declined markedly to $1M in 2022. Over the period under review, imports faced a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 55%. Over the period under review, imports reached the peak figure at $1.5M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Watch Cases and Parts Thereof in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,098 | 655 | 818 | 973 | -3.9% |
| Hong Kong SAR | 154 | 1.4 | 85.9 | 15.2 | -53.8% |
| Belarus | 28.2 | 10.7 | 9.3 | N/A | -42.6% |
| Others | 203 | 149 | 348 | 50.7 | -37.0% |
| Total | 1,483 | 816 | 1,262 | 1,039 | -11.2% |
Top Suppliers of Watch Cases and Parts Thereof to Russia in 2022:
- China (86.7K units)
- Hong Kong SAR (1.6K units)
Exports of Watch Cases and Parts Thereof in Russia
For the third year in a row, Russia recorded growth in overseas shipments of watch cases and parts thereoves, which increased by 123% to 67 units in 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 233%. The exports peaked in 2021 and are expected to retain growth in the immediate term.
In value terms, watch cases and parts thereof exports skyrocketed to $8.2K in 2021. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 218%. The exports peaked in 2021 and are likely to continue growth in the near future.
| Export of Watch Cases and Parts Thereof in Russia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Switzerland | N/A | 2,076 | 6,354 | 206.1% | |
| Belarus | 742 | 172 | 1,130 | 23.4% | |
| Hong Kong SAR | N/A | N/A | 384 | 0% | |
| Kazakhstan | 43.0 | 37.0 | 99.0 | 51.7% | |
| Japan | N/A | 74.0 | 90.0 | 21.6% | |
| Poland | 223 | 1.0 | 12.0 | -76.8% | |
| Indonesia | N/A | 562 | N/A | 0% | |
| Others | N/A | 281 | 139 | -50.5% | |
| Total | 1,008 | 3,203 | 8,208 | 185.4% | |
Top Export Markets for Watch Cases and Parts Thereof from Russia in 2022:
- Switzerland (50.0 units)
- Hong Kong SAR (8.0 units)
- Belarus (3.0 units)
- Japan (2.0 units)
- Kazakhstan (2.0 units)
- Poland (1.0 units)
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