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

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

In 2022, the average import price for watch movements; complete and assembleds amounted to $2.3 per unit, declining by -66.5% against the previous year. Over the period under review, the import price, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2014 an increase of 239% against the previous year. The import price peaked at $6.9 per unit in 2021, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($6.9 per unit), while the price for China stood at $1.1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.7%).

Imports of Watch Movements; Complete and Assembled in Bolivia

In 2022, supplies from abroad of watch movements; complete and assembleds increased by 270% to 2.9K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, watch movements; complete and assembled imports soared to $6.7K in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +109.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 69% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.