Price for Watch Cases and Parts Thereof in the United States - 2023

Contents:

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

Price for Watch Cases and Parts Thereof in the United States (CIF) - 2022

The average import price for watch cases and parts thereoves stood at $3.9 per unit in 2022, picking up by 7% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +14.4%. The growth pace was the most rapid in 2021 when the average import price increased by 22%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($22 per unit), while the price for China ($1.3 per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by India (+182.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Watch Cases and Parts Thereof in the United States (FOB) - 2022

The average export price for watch cases and parts thereoves stood at $1.3 per unit in 2022, picking up by 1.5% against the previous year. Over the period under review, the export price, however, recorded a sharp downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by 39%. As a result, the export price reached the peak level of $26 per unit. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($2.1 per unit), while the average price for exports to El Salvador ($0.4 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 India (+11.9%), while the prices for the other major destinations experienced a decline.

Imports of Watch Cases and Parts Thereof in the United States

In 2022, overseas purchases of watch cases and parts thereoves decreased by -10% to 3.1M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year. As a result, imports reached the peak of 3.4M units, and then shrank in the following year.

In value terms, watch cases and parts thereof imports dropped modestly to $12M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51%. As a result, imports reached the peak of $12M, and then dropped slightly in the following year.

Top Suppliers of Watch Cases and Parts Thereof to the United States in 2022:

1. Switzerland (1972.5K units)
2. China (869.8K units)
3. Canada (121.8K units)
4. India (10.6K units)

Exports of Watch Cases and Parts Thereof in the United States

Watch cases and parts thereof exports from the United States soared to 527K units in 2022, jumping by 16% against the year before. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 437% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, watch cases and parts thereof exports skyrocketed to $659K in 2022. Over the period under review, exports, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 116%. As a result, the exports attained the peak of $1.5M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Watch Cases and Parts Thereof from the United States in 2022:

1. Switzerland (233.4K units)
2. India (136.7K units)
3. Czech Republic (59.6K units)
4. Canada (33.6K units)
5. South Africa (26.8K units)
6. El Salvador (21.0K units)
7. Hong Kong SAR (4.2K units)

Source: IndexBox Market Intelligence Platform