Price for Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in South Korea - 2022

Contents:

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

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

In 2022, the average import price for watch cases; of base metal, whether or not gold-plated or silver-plated amounted to $25 per unit, growing by 3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2013 an increase of 45%. Over the period under review, average import prices hit record highs at $29 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($25 per unit), while the price for Switzerland stood at $25 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%).

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

The average export price for watch cases; of base metal, whether or not gold-plated or silver-plated stood at $61 per unit in 2022, jumping by 80% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for watch cases; of base metal, whether or not gold-plated or silver-plated increased by +87.5% against 2019 indices. As a result, the export price reached 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 ($65 per unit), while the average price for exports to Russia ($10 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 Thailand (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 138K units of watch cases; of base metal, whether or not gold-plated or silver-plated were imported into South Korea; growing by 32% against 2021 figures. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of watch cases; of base metal, whether or not gold-plated or silver-plated soared to $3.5M in 2022. In general, imports recorded buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 67%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

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

1. China (126.9K units)
2. Switzerland (10.4K units)

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

After three years of growth, shipments abroad of watch cases; of base metal, whether or not gold-plated or silver-plated decreased by -38.5% to 2.4K units in 2022. In general, total exports indicated slight growth from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 52% against the previous year. Over the period under review, the exports of hit record highs at 3.8K units in 2021, and then contracted sharply in the following year.

In value terms, exports of watch cases; of base metal, whether or not gold-plated or silver-plated rose significantly to $144K in 2022. Overall, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +25.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 90% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

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

1. Switzerland (1980.0 units)
2. Thailand (302.0 units)
3. Hong Kong SAR (70.0 units)
4. Russia (1.0 units)

Source: IndexBox Market Intelligence Platform