Price for Watch Movements; Complete and Assembled in Argentina - 2023

Contents:

1. Price for Watch Movements; Complete and Assembled in Argentina (CIF) - 2022
2. Price for Watch Movements; Complete and Assembled in Argentina (FOB) - 2022
3. Imports of Watch Movements; Complete and Assembled in Argentina
4. Exports of Watch Movements; Complete and Assembled in Argentina

Price for Watch Movements; Complete and Assembled in Argentina (CIF) - 2022

The average import price for watch movements; complete and assembleds stood at $1.5 per unit in 2022, declining by -2.4% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, watch movements; complete and assembled import price increased by +18.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 34%. The import price peaked at $1.6 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($1.2 per unit), while the price for China totaled $0.7 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Watch Movements; Complete and Assembled in Argentina (FOB) - 2022

In 2022, the average export price for watch movements; complete and assembleds amounted to $26 per unit, reducing by -56.4% against the previous year. Overall, the export price recorded a pronounced slump. The pace of growth was the most pronounced in 2019 an increase of 70%. Over the period under review, the average export prices attained the peak figure at $85 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($139 per unit), while the average price for exports to Uruguay ($5.8 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 Chile (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Watch Movements; Complete and Assembled in Argentina

In 2022, the amount of watch movements; complete and assembleds imported into Argentina soared to 95K units, rising by 24% compared with the previous year. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 105% 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 movements; complete and assembled imports surged to $141K in 2022. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 150% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Watch Movements; Complete and Assembled to Argentina in 2022:

1. Japan (84.1K units)
2. China (9.2K units)

Exports of Watch Movements; Complete and Assembled in Argentina

Watch movements; complete and assembled exports from Argentina soared to 100 units in 2022, picking up by 108% compared with the previous year's figure. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, watch movements; complete and assembled exports declined to $2.6K in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +46.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 32% against the previous year. The exports peaked at $2.9K in 2021, and then fell in the following year.

Top Export Markets for Watch Movements; Complete and Assembled from Argentina in 2022:

1. Uruguay (57.0 units)
2. Switzerland (27.0 units)
3. Poland (6.0 units)
4. France (4.0 units)
5. Chile (4.0 units)
6. Austria (2.0 units)

Source: IndexBox Market Intelligence Platform