Price for Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Hong Kong SAR - 2023
Contents:
- Price for Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Hong Kong SAR (FOB) - 2022
- Price for Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Hong Kong SAR (CIF) - 2023
- Exports of Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Hong Kong SAR
- Imports of Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Hong Kong SAR
Price for Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for watch cases; of base metal, whether or not gold-plated or silver-plated amounted to $12 per unit, increasing by 45% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($30 per unit), while the average price for exports to Brazil ($3.2 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 Philippines (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for watch cases; of base metal, whether or not gold-plated or silver-plated amounted to $8.9 per unit, increasing by 25% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in January 2023 when the average import price increased by 42% m-o-m. As a result, import price reached the peak level of $11.5 per unit. From February 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($21.6 per unit), while the price for China stood at $8.3 per unit.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+1.0%).
Exports of Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Hong Kong SAR
In 2022, approx. 24M units of watch cases; of base metal, whether or not gold-plated or silver-plated were exported from Hong Kong SAR; shrinking by -24.6% against 2021. In general, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 23%. The exports peaked at 57M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of watch cases; of base metal, whether or not gold-plated or silver-plated rose rapidly to $284M in 2022. Over the period under review, exports continue to indicate a deep slump. Over the period under review, the exports of attained the maximum at $464M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 245 | 130 | 147 | 172 | -11.1% |
| China | 118 | 43.6 | 38.6 | 30.6 | -36.2% |
| Japan | 22.0 | 18.5 | 19.2 | 17.9 | -6.6% |
| Philippines | 15.6 | 8.6 | 12.8 | 14.3 | -2.9% |
| Thailand | 14.5 | 10.9 | 11.2 | 10.0 | -11.6% |
| Brazil | 17.1 | 4.6 | 6.0 | 4.7 | -35.0% |
| India | 4.0 | 1.8 | 2.5 | 2.7 | -12.3% |
| Others | 27.7 | 23.8 | 22.7 | 32.0 | 4.9% |
| Total | 464 | 241 | 260 | 284 | -15.1% |
Top Export Markets for Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated from Hong Kong SAR in 2022:
- China (8.4M units)
- Switzerland (5.8M units)
- Philippines (2.7M units)
- Thailand (1.7M units)
- Brazil (1.5M units)
- Japan (1.1M units)
- India (0.7M units)
Imports of Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Hong Kong SAR
Imports of watch cases; of base metal, whether or not gold-plated or silver-plated into Hong Kong SAR contracted dramatically to 17M units in 2022, declining by -31.4% on the year before. Over the period under review, imports continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year. Over the period under review, imports of hit record highs at 42M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of watch cases; of base metal, whether or not gold-plated or silver-plated reduced slightly to $146M in 2022. In general, imports recorded a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 14%. Over the period under review, imports of attained the peak figure at $250M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 230 | 123 | 142 | 138 | -15.7% |
| Thailand | 3.7 | 0.9 | 2.3 | 1.7 | -22.8% |
| Others | 16.6 | 9.4 | 8.1 | 6.8 | -25.7% |
| Total | 250 | 133 | 152 | 146 | -16.4% |
Top Suppliers of Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated to Hong Kong SAR in 2022:
- China (16.3M units)
- Thailand (0.3M units)
278
This report provides an in-depth analysis of the market for porcelain tableware and kitchenware in Hong Kong SAR, China.
574
Global Watch And Clock Cases Market Report 2018. This report provides an in-depth analysis of the global market for watch and clock cases.
702
This report provides an in-depth analysis of the global market for porcelain tableware and kitchenware.
574
Global Watch And Clock Cases Market Report 2018. This report provides an in-depth analysis of the global market for watch and clock cases.
Nothing found. Please try again.
