Price for Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Canada - 2023

Contents:

1. Price for Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Canada (CIF) - 2022
2. Price for Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Canada (FOB) - 2022
3. Imports of Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Canada
4. Exports of Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Canada

Price for Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Canada (CIF) - 2022

In 2022, the average import price for watch cases; of base metal, whether or not gold-plated or silver-plated amounted to $20 per unit, with an increase of 61% against the previous year. In general, the import price showed prominent growth. Over the period under review, average import prices hit record highs at $24 per unit in 2018; however, from 2019 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 ($187 per unit), while the price for China ($15 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 (+42.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Canada (FOB) - 2022

In 2022, the average export price for watch cases; of base metal, whether or not gold-plated or silver-plated amounted to $8.6 per unit, rising by 21% against the previous year. Over the period under review, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 37% against the previous year. The export price peaked at $18 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($14 per unit), while the average price for exports to the United States ($4.1 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 Hong Kong SAR (+8.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Canada

Imports of watch cases; of base metal, whether or not gold-plated or silver-plated into Canada surged to 7.8K units in 2022, jumping by 32% against the previous year's figure. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +16.7% 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 +73.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of watch cases; of base metal, whether or not gold-plated or silver-plated skyrocketed to $156K in 2022. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated to Canada in 2022:

1. China (6.3K units)
2. Switzerland (0.6K units)
3. Mexico (0.4K units)
4. South Korea (0.2K units)

Exports of Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Canada

In 2022, the amount of watch cases; of base metal, whether or not gold-plated or silver-plated exported from Canada reduced rapidly to 1.4K units, falling by -68% against the year before. In general, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 85% against the previous year. As a result, the exports attained the peak of 4.2K units, and then shrank notably in the following year.

In value terms, exports of watch cases; of base metal, whether or not gold-plated or silver-plated shrank sharply to $12K in 2022. Overall, exports faced a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 90%. As a result, the exports reached the peak of $30K, and then contracted rapidly in the following year.

Top Export Markets for Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated from Canada in 2022:

1. United States (623.0 units)
2. Hong Kong SAR (488.0 units)
3. Switzerland (245.0 units)

Source: IndexBox Market Intelligence Platform