Price for Watch Cases and Parts Thereof in Vietnam - 2022
Contents:
- Price for Watch Cases and Parts Thereof in Vietnam (CIF) - 2021
- Price for Watch Cases and Parts Thereof in Vietnam (FOB) - 2022
- Imports of Watch Cases and Parts Thereof in Vietnam
- Exports of Watch Cases and Parts Thereof in Vietnam
Price for Watch Cases and Parts Thereof in Vietnam (CIF) - 2021
In December 2021, the average import price for watch cases and parts thereoves amounted to $170 per unit, remaining relatively unchanged against the previous month. Over the period under review, the import price recorded a mild decrease. The pace of growth appeared the most rapid in September 2021 an increase of 227% against the previous month. The import price peaked at $454 per unit in July 2021; however, from August 2021 to December 2021, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From February 2021 to December 2021, the rate of growth in terms of prices for China amounted to -0.1% per month.
Price for Watch Cases and Parts Thereof in Vietnam (FOB) - 2022
In 2022, the average export price for watch cases and parts thereoves amounted to $88 per unit, rising by 9.5% against the previous year. Overall, the export price, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2019 an increase of 54%. Over the period under review, the average export prices reached the peak figure at $134 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($458 per unit), while the average price for exports to Taiwan (Chinese) ($32 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 Hong Kong SAR (-1.6%), while the prices for the other major destinations experienced a decline.
Imports of Watch Cases and Parts Thereof in Vietnam
In 2022, the amount of watch cases and parts thereoves imported into Vietnam skyrocketed to 1.6M units, growing by 25% against the previous year. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,194% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, watch cases and parts thereof imports expanded markedly to $82M in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,749%. As a result, imports attained the peak of $86M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Watch Cases and Parts Thereof in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 1.9 | 53.1 | 24.8 | 52.4 | 202.1% |
| Cambodia | 2.3 | 15.0 | 18.5 | 14.7 | 85.6% |
| China | 0.4 | 17.4 | 32.1 | 13.5 | 223.2% |
| Others | N/A | 0.9 | 1.3 | 1.0 | 5.4% |
| Total | 4.7 | 86.4 | 76.8 | 81.6 | 158.9% |
Top Suppliers of Watch Cases and Parts Thereof to Vietnam in 2022:
- Cambodia (1044.8K units)
- Hong Kong SAR (458.5K units)
- China (77.5K units)
Exports of Watch Cases and Parts Thereof in Vietnam
In 2022, overseas shipments of watch cases and parts thereoves were finally on the rise to reach 54K units after two years of decline. In general, exports, however, faced a dramatic slump. Over the period under review, the exports reached the maximum at 125K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, watch cases and parts thereof exports surged to $4.8M in 2022. Overall, exports, however, showed a abrupt descent. The exports peaked at $9.3M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Watch Cases and Parts Thereof in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 3,129 | 2,563 | 1,068 | 2,417 | -8.2% |
| China | 1,931 | 1,099 | 1,014 | 664 | -29.9% |
| Hong Kong SAR | 2,584 | 1,070 | 760 | 549 | -40.3% |
| Cambodia | 595 | 511 | 298 | 504 | -5.4% |
| Japan | 1,002 | 440 | 276 | 387 | -27.2% |
| Taiwan (Chinese) | 55.9 | 180 | 210 | 248 | 64.3% |
| Others | 32.3 | 24.6 | 70.6 | 23.7 | -9.8% |
| Total | 9,328 | 5,888 | 3,696 | 4,792 | -19.9% |
Top Export Markets for Watch Cases and Parts Thereof from Vietnam in 2022:
- Thailand (20.4K units)
- Hong Kong SAR (9.8K units)
- China (9.6K units)
- Taiwan (Chinese) (7.7K units)
- Japan (5.0K units)
- Cambodia (1.1K units)
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