Price for Watch Cases and Parts Thereof in Saudi Arabia - 2021
Contents:
- Price for Watch Cases and Parts Thereof in Saudi Arabia (FOB) - 2022
- Exports of Watch Cases and Parts Thereof in Saudi Arabia
Price for Watch Cases and Parts Thereof in Saudi Arabia (FOB) - 2022
In 2021, the average export price for watch cases and parts thereoves amounted to $71 per unit, picking up by 15% against the previous year. In general, the export price showed significant growth. The pace of growth was the most pronounced in 2016 an increase of 111%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($212 per unit), while the average price for exports to Sweden amounted to $10 per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+11.3%).
Exports of Watch Cases and Parts Thereof in Saudi Arabia
In 2022, watch cases and parts thereof exports from Saudi Arabia surged to 634 units, with an increase of 567% on 2021 figures. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 1,763% against the previous year. As a result, the exports reached the peak of 1.2K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, watch cases and parts thereof exports surged to $40K in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,037% against the previous year. As a result, the exports attained the peak of $72K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Watch Cases and Parts Thereof in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Switzerland | 917 | 70.3 | 494 | -26.6% | |
| Sweden | N/A | N/A | 0.4 | 0% | |
| Others | -913.2 | 2.0 | -487.8 | -26.9% | |
| Total | 3.4 | 72.3 | 6.7 | 40.4% | |
Top Export Markets for Watch Cases and Parts Thereof from Saudi Arabia in 2022:
- Sweden (undefinedK units)
- Switzerland (2.3K units)
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