Price for Watch Cases and Parts Thereof in the UK - 2023
Contents:
- Price for Watch Cases and Parts Thereof in the UK (CIF) - 2022
- Price for Watch Cases and Parts Thereof in the UK (FOB) - 2022
- Imports of Watch Cases and Parts Thereof in the UK
- Exports of Watch Cases and Parts Thereof in the UK
Price for Watch Cases and Parts Thereof in the UK (CIF) - 2022
The average import price for watch cases and parts thereoves stood at $52 per unit in 2022, picking up by 50% against the previous year. Over the period under review, the import price recorded a resilient expansion. The pace of growth appeared the most rapid in 2016 an increase of 330%. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($292 per unit), while the price for Germany ($9.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Cases and Parts Thereof in the UK (FOB) - 2022
The average export price for watch cases and parts thereoves stood at $89 per unit in 2022, rising by 97% against the previous year. Over the period under review, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 260% against the previous year. As a result, the export price reached the peak level of $136 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($285 per unit), while the average price for exports to Portugal ($1.8 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 the United States (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Watch Cases and Parts Thereof in the UK
In 2022, approx. 133K units of watch cases and parts thereoves were imported into the UK; which is down by -3.8% on 2021 figures. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 3.8% against the previous year. Imports peaked at 165K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, watch cases and parts thereof imports soared to $7M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Watch Cases and Parts Thereof in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 3,308 | 2,756 | 2,658 | 4,014 | 6.7% |
| China | 1,038 | 1,405 | 1,461 | 2,166 | 27.8% |
| Italy | 9.7 | 0.1 | 20.2 | 134 | 139.9% |
| Hong Kong SAR | 86.3 | 103 | 162 | 114 | 9.7% |
| Germany | 1.4 | 1.7 | 12.9 | 107 | 324.4% |
| Netherlands | 354 | 214 | 274 | 91.8 | -36.2% |
| Others | 288 | 198 | 257 | 352 | 6.9% |
| Total | 5,086 | 4,678 | 4,844 | 6,978 | 11.1% |
Top Suppliers of Watch Cases and Parts Thereof to the UK in 2022:
- China (81.2K units)
- Switzerland (13.7K units)
- Germany (10.9K units)
- Netherlands (8.3K units)
- Hong Kong SAR (7.8K units)
- Italy (4.8K units)
Exports of Watch Cases and Parts Thereof in the UK
Watch cases and parts thereof exports from the UK shrank slightly to 71K units in 2022, stabilizing at the year before. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 227% against the previous year. As a result, the exports attained the peak of 72K units, and then fell slightly in the following year.
In value terms, watch cases and parts thereof exports skyrocketed to $6.3M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Watch Cases and Parts Thereof in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 207 | 288 | 712 | 2,867 | 140.2% |
| Hong Kong SAR | 472 | 756 | 766 | 1,229 | 37.6% |
| Switzerland | 1,393 | 470 | 262 | 385 | -34.9% |
| Qatar | 3.7 | N/A | 127 | 176 | 262.3% |
| Canada | 16.3 | 7.2 | 40.6 | 146 | 107.7% |
| Germany | 0.3 | 2.9 | 316 | 116 | 628.5% |
| Australia | 1.3 | 9.9 | 31.1 | 96.6 | 320.4% |
| Italy | N/A | 0.6 | 110 | 93.4 | 1147.7% |
| France | N/A | 0.3 | 113 | 81.4 | 1547.2% |
| United Arab Emirates | 2.9 | 36.9 | 4.2 | 54.1 | 165.2% |
| South Korea | 33.6 | 29.8 | 33.2 | 41.4 | 7.2% |
| Spain | N/A | 0.2 | 26.1 | 16.9 | 819.2% |
| Portugal | N/A | N/A | 1.3 | 2.6 | 100.0% |
| Others | 299 | 647 | 720 | 1,038 | 51.4% |
| Total | 2,429 | 2,248 | 3,262 | 6,343 | 37.7% |
Top Export Markets for Watch Cases and Parts Thereof from the UK in 2022:
- United States (18.5K units)
- Hong Kong SAR (7.4K units)
- Qatar (6.6K units)
- Germany (6.4K units)
- France (3.7K units)
- South Korea (3.4K units)
- Spain (2.4K units)
- Italy (2.3K units)
- Canada (1.9K units)
- Australia (1.8K units)
- Portugal (1.4K units)
- United Arab Emirates (1.4K units)
- Switzerland (1.4K units)
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