Price for Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Thailand - 2024

Contents:

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

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

The average import price for watch cases; of base metal, whether or not gold-plated or silver-plated stood at $33 per unit in 2022, with an increase of 63% against the previous year. Overall, the import price saw a significant expansion. The pace of growth was the most pronounced in 2020 an increase of 199% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($102 per unit), while the price for Hong Kong SAR ($2.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+38.3%), 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 Thailand (FOB) - 2022

The average export price for watch cases; of base metal, whether or not gold-plated or silver-plated stood at $16 per unit in 2022, waning by -2.5% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 decreased by -24.4% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 43% against the previous year. As a result, the export price reached the peak level of $22 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($19 per unit), while the average price for exports to Hong Kong SAR totaled $8.6 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+3.2%).

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

In 2022, approx. 4.1M units of watch cases; of base metal, whether or not gold-plated or silver-plated were imported into Thailand; waning by -15.3% on the year before. Over the period under review, imports saw a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 10% against the previous year. Over the period under review, imports of attained the maximum at 6.3M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of watch cases; of base metal, whether or not gold-plated or silver-plated soared to $138M in 2022. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 111% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland18.653.777.811583.5%
China3.812.114.921.177.1%
Hong Kong SAR11.25.06.60.6-62.3%
Others0.51.11.01.440.9%
Total34.171.910013859.4%

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

  1. China (2.7M units)
  2. Switzerland (1.1M units)
  3. Hong Kong SAR (0.2M units)

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

In 2022, approx. 1.3M units of watch cases; of base metal, whether or not gold-plated or silver-plated were exported from Thailand; waning by -11.1% compared with the year before. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 81% against the previous year. As a result, the exports reached the peak of 1.5M units, and then declined in the following year.

In value terms, exports of watch cases; of base metal, whether or not gold-plated or silver-plated contracted to $22M in 2022. Over the period under review, exports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 48%. As a result, the exports reached the peak of $25M, and then reduced in the following year.

Export of Watch Cases; of Base Metal, Whether or Not Gold-Plated or Silver-Plated in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland20.915.921.819.1-3.0%
Hong Kong SAR2.20.72.42.77.1%
Others0.30.51.10.30.0%
Total23.417.225.422.0-2.0%

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

  1. Switzerland (1021.7K units)
  2. Hong Kong SAR (310.6K units)

Source: IndexBox Market Intelligence Platform

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