Price for Watch Cases and Parts Thereof in Turkey - 2023
Contents:
- Price for Watch Cases and Parts Thereof in Turkey (CIF) - 2022
- Price for Watch Cases and Parts Thereof in Turkey (FOB) - 2022
- Imports of Watch Cases and Parts Thereof in Turkey
- Exports of Watch Cases and Parts Thereof in Turkey
Price for Watch Cases and Parts Thereof in Turkey (CIF) - 2022
The average import price for watch cases and parts thereoves stood at $0.2 per unit in 2022, with a decrease of -30.7% against the previous year. In general, the import price recorded a slight reduction. The pace of growth was the most pronounced in 2014 when the average import price increased by 134% against the previous year. As a result, import price reached the peak level of $0.9 per unit. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($4.1 per unit), while the price for China amounted to $0.1 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+3.4%).
Price for Watch Cases and Parts Thereof in Turkey (FOB) - 2022
In 2022, the average export price for watch cases and parts thereoves amounted to $0.3 per unit, shrinking by -31.7% against the previous year. Overall, the export price, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2020 an increase of 528%. As a result, the export price attained the peak level of $0.7 per unit. From 2021 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 the United States ($1.3 per unit), while the average price for exports to Syrian Arab Republic ($0.1 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 Arab Emirates (+43.6%), while the prices for the other major destinations experienced a decline.
Imports of Watch Cases and Parts Thereof in Turkey
In 2022, the amount of watch cases and parts thereoves imported into Turkey surged to 814K units, picking up by 37% against 2021 figures. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 274%. As a result, imports attained the peak of 1.1M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, watch cases and parts thereof imports declined to $192K in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 125% against the previous year. Over the period under review, imports hit record highs at $203K in 2021, and then shrank in the following year.
| Import of Watch Cases and Parts Thereof in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 48.8 | 156 | 136 | 116 | 33.5% |
| Switzerland | 31.0 | 30.6 | 63.2 | 71.6 | 32.2% |
| Others | 4.4 | 2.6 | 4.5 | 4.2 | -1.5% |
| Total | 84.2 | 189 | 203 | 192 | 31.6% |
Top Suppliers of Watch Cases and Parts Thereof to Turkey in 2022:
- China (794.0K units)
- Switzerland (17.4K units)
Exports of Watch Cases and Parts Thereof in Turkey
Watch cases and parts thereof exports from Turkey declined rapidly to 3K units in 2022, falling by -78.9% compared with the year before. Overall, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Over the period under review, the exports hit record highs at 26K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, watch cases and parts thereof exports declined markedly to $909 in 2022. In general, exports saw a sharp downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 189%. As a result, the exports reached the peak of $8.8K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Watch Cases and Parts Thereof in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | N/A | N/A | N/A | 0.6 | 0% |
| United States | N/A | N/A | N/A | 0.2 | 0% |
| Belgium | N/A | N/A | N/A | 0.1 | 0% |
| Syrian Arab Republic | N/A | N/A | N/A | N/A | 0% |
| United Kingdom | 1.5 | N/A | N/A | N/A | 0% |
| Turkmenistan | N/A | 8.0 | 3.0 | N/A | -62.5% |
| Netherlands | N/A | N/A | 0.4 | N/A | 0% |
| Romania | 1.5 | N/A | N/A | N/A | 0% |
| Uzbekistan | N/A | N/A | 0.4 | N/A | 0% |
| Others | N/A | 0.8 | 2.5 | N/A | 212.5% |
| Total | 3.1 | 8.8 | 6.3 | 0.9 | -33.8% |
Top Export Markets for Watch Cases and Parts Thereof from Turkey in 2022:
- Switzerland (2295.0 units)
- Belgium (451.0 units)
- United States (150.0 units)
- Syrian Arab Republic (75.0 units)
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