Price for Watch Cases and Parts Thereof in Sri Lanka - 2021
Contents:
- Price for Watch Cases and Parts Thereof in Sri Lanka (CIF) - 2022
- Price for Watch Cases and Parts Thereof in Sri Lanka (FOB) - 2022
- Imports of Watch Cases and Parts Thereof in Sri Lanka
- Exports of Watch Cases and Parts Thereof in Sri Lanka
Price for Watch Cases and Parts Thereof in Sri Lanka (CIF) - 2022
The average import price for watch cases and parts thereoves stood at $4.7 per unit in 2022, waning by -90.5% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 146%. The import price peaked at $73 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
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 Hong Kong SAR ($233 per unit), while the price for India ($1.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+31.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Watch Cases and Parts Thereof in Sri Lanka (FOB) - 2022
In 2022, the average export price for watch cases and parts thereoves amounted to $216 per unit, with an increase of 168% against the previous year. Over the period under review, the export price recorded a significant increase. The pace of growth was the most pronounced in 2013 an increase of 223%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to -1.2% per year.
Imports of Watch Cases and Parts Thereof in Sri Lanka
In 2022, the amount of watch cases and parts thereoves imported into Sri Lanka soared to 7.8K units, picking up by 1,070% against the previous year's figure. Over the period under review, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, watch cases and parts thereof imports rose markedly to $36K in 2022. Overall, imports, however, saw a abrupt shrinkage. Imports peaked at $61K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Watch Cases and Parts Thereof in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 46.1 | 20.0 | 22.1 | 22.4 | -21.4% |
| India | 4.2 | 5.1 | 4.6 | 8.2 | 25.0% |
| United Arab Emirates | 0.5 | 0.3 | 0.6 | 0.2 | -26.3% |
| Others | 10.7 | 4.8 | 5.5 | 5.6 | -19.4% |
| Total | 61.5 | 30.2 | 32.8 | 36.5 | -16.0% |
Top Suppliers of Watch Cases and Parts Thereof to Sri Lanka in 2022:
- United Arab Emirates (undefinedK units)
- India (7.2K units)
- China (0.5K units)
Exports of Watch Cases and Parts Thereof in Sri Lanka
After three years of growth, overseas shipments of watch cases and parts thereoves decreased by -99.1% to 1 units in 2022. In general, exports recorded a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 322%. Over the period under review, the exports attained the peak figure at 111 units in 2021, and then dropped remarkably in the following year.
In value terms, watch cases and parts thereof exports reduced sharply to $136 in 2022. Overall, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2020 when exports increased by 451%. Over the period under review, the exports attained the maximum at $9K in 2021, and then dropped sharply in the following year.
| Export of Watch Cases and Parts Thereof in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 0.6 | 1.8 | 1.1 | 0.1 | -45.0% |
| South Korea | 0.1 | 0.8 | 1.5 | N/A | 287.3% |
| Japan | 0.2 | 1.9 | 2.7 | N/A | 267.4% |
| Germany | 0.1 | N/A | N/A | N/A | 0% |
| France | 0.3 | 2.3 | 3.7 | N/A | 251.2% |
| Singapore | N/A | 1.1 | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 1.4 | 7.8 | 9.0 | 0.1 | -58.5% |
Top Export Markets for Watch Cases and Parts Thereof from Sri Lanka in 2022:
- Switzerland (1.0 units)
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