Price for Watch Movements; Complete and Assembled in Brazil - 2023
Contents:
- Price for Watch Movements; Complete and Assembled in Brazil (CIF) - 2023
- Price for Watch Movements; Complete and Assembled in Brazil (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in Brazil
- Exports of Watch Movements; Complete and Assembled in Brazil
Price for Watch Movements; Complete and Assembled in Brazil (CIF) - 2023
In September 2023, the average import price for watch movements; complete and assembleds amounted to $1.6 per unit, dropping by -25.7% against the previous month. In general, the import price recorded a slight downturn. The pace of growth was the most pronounced in January 2023 an increase of 53% m-o-m. Over the period under review, average import prices hit record highs at $2.1 per unit in August 2023, and then contracted notably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Hong Kong SAR ($3.0 per unit), while the price for Japan ($895 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (-0.0%), while the prices for the other major suppliers experienced a decline.
Price for Watch Movements; Complete and Assembled in Brazil (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembleds amounted to $29 per unit, leveling off at the previous year. Overall, the export price, however, saw a modest increase. The growth pace was the most rapid in 2014 when the average export price increased by 159% against the previous year. As a result, the export price reached the peak level of $93 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From 2012 to 2022, the rate of growth in terms of prices for Angola amounted to +49.9% per year.
Imports of Watch Movements; Complete and Assembled in Brazil
In 2022, imports of watch movements; complete and assembleds into Brazil declined significantly to 4.9M units, reducing by -17.7% against the year before. Overall, imports saw a deep slump. The growth pace was the most rapid in 2021 with an increase of 67% against the previous year. Imports peaked at 7.9M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, watch movements; complete and assembled imports contracted to $9.2M in 2022. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 74% against the previous year. Imports peaked at $12M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Watch Movements; Complete and Assembled in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.5 | 1.9 | 4.3 | 3.5 | -8.0% |
| Hong Kong SAR | 5.2 | 1.4 | 2.1 | 3.4 | -13.2% |
| China | 2.1 | 1.7 | 2.4 | 1.6 | -8.7% |
| Others | 0.6 | 0.3 | 0.5 | 0.8 | 10.1% |
| Total | 12.4 | 5.3 | 9.2 | 9.2 | -9.5% |
Top Suppliers of Watch Movements; Complete and Assembled to Brazil in 2022:
- Japan (3.0M units)
- Hong Kong SAR (1.0M units)
- China (0.9M units)
Exports of Watch Movements; Complete and Assembled in Brazil
Watch movements; complete and assembled exports from Brazil fell sharply to 160 units in 2022, dropping by -74.1% on the previous year. Overall, exports recorded a sharp contraction. The smallest decline of -7.1% was in 2020. The exports peaked at 813 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, watch movements; complete and assembled exports contracted rapidly to $4.6K in 2022. In general, exports recorded a dramatic descent. The smallest decline of -25.2% was in 2020. The exports peaked at $36K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Watch Movements; Complete and Assembled in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 10.5 | 7.0 | 3.4 | 4.6 | -24.1% |
| Hong Kong SAR | 8.4 | 3.3 | 0.5 | N/A | -75.6% |
| Japan | 13.5 | 13.4 | 10.9 | N/A | -10.1% |
| Others | 3.3 | 3.0 | 2.9 | N/A | -6.3% |
| Total | 35.7 | 26.7 | 17.7 | 4.6 | -49.5% |
Top Export Markets for Watch Movements; Complete and Assembled from Brazil in 2022:
- Switzerland (160.0 units)
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