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

Contents:

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

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

The average import price for watch movements; complete and assembleds stood at $26 per unit in 2022, remaining stable against the previous year. In general, the import price continues to indicate a temperate increase. The pace of growth appeared the most rapid in 2016 an increase of 47%. The import price peaked at $46 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($82 per unit), while the price for Hong Kong SAR ($9.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for watch movements; complete and assembleds amounted to $41 per unit, remaining constant against the previous year. Over the period under review, the export price showed a moderate expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 101% against the previous year. Over the period under review, the average export prices hit record highs at $47 per unit in 2017; however, from 2018 to 2022, the export prices stood 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 Paraguay ($54 per unit), while the average price for exports to Argentina ($3 per unit) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Watch Movements; Complete and Assembled in Chile

In 2022, approx. 5K units of watch movements; complete and assembleds were imported into Chile; increasing by 62% on 2021 figures. Overall, imports, however, showed a slight downturn. Over the period under review, imports reached the peak figure at 5.2K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, watch movements; complete and assembled imports soared to $128K in 2022. In general, imports, however, showed a abrupt downturn. Over the period under review, imports attained the peak figure at $241K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Watch Movements; Complete and Assembled in Chile (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland12311.533.785.1-11.6%
Japan14.98.49.922.815.2%
China11.01.30.611.82.4%
United States61.217.42.74.1-59.4%
Hong Kong SAR0.32.06.61.674.7%
Costa Rica3.0N/AN/AN/A0%
Israel16.810.313.4N/A-10.7%
Others11.04.112.02.9-35.9%
Total24154.978.9128-19.0%

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

  1. Japan (2455.0 units)
  2. China (1259.0 units)
  3. Switzerland (1036.0 units)
  4. Hong Kong SAR (178.0 units)
  5. United States (28.0 units)

Exports of Watch Movements; Complete and Assembled in Chile

In 2022, overseas shipments of watch movements; complete and assembleds decreased by 0% to 7 units, falling for the second consecutive year after two years of growth. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 129%. As a result, the exports reached the peak of 16 units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, watch movements; complete and assembled exports amounted to $288 in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 359%. As a result, the exports reached the peak of $578. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Watch Movements; Complete and Assembled in Chile (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Paraguay18.0138N/A161107.6%
Switzerland101404N/A84.0-6.0%
Bolivia4.032.0N/A40.0115.4%
Argentina1.04.0N/A3.044.2%
Poland2.0N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total126578N/A28831.7%

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

  1. Paraguay (3.0 units)
  2. Switzerland (2.0 units)
  3. Argentina (1.0 units)
  4. Bolivia (1.0 units)

Source: IndexBox Market Intelligence Platform

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