Price for Watch Movements; Complete and Assembled in Colombia - 2022
Contents:
- Price for Watch Movements; Complete and Assembled in Colombia (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in Colombia (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in Colombia
- Exports of Watch Movements; Complete and Assembled in Colombia
Price for Watch Movements; Complete and Assembled in Colombia (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembleds amounted to $22 per unit, waning by -2.5% against the previous year. Overall, the import price, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2017 an increase of 56%. As a result, import price attained the peak level of $45 per unit. From 2018 to 2022, the average 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 ($148 per unit), while the price for China ($2.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.5%), while the prices for the other major suppliers experienced a decline.
Price for Watch Movements; Complete and Assembled in Colombia (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembleds amounted to $40 per unit, picking up by 64% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 143% against the previous year. As a result, the export price attained the peak level of $196 per unit. From 2018 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($31 per unit), while the average price for exports to Uruguay ($4 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 Canada (-0.6%), while the prices for the other major destinations experienced a decline.
Imports of Watch Movements; Complete and Assembled in Colombia
In 2022, purchases abroad of watch movements; complete and assembleds decreased by -3.6% to 3.7K units, falling for the second consecutive year after two years of growth. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.1% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 79% against the previous year. As a result, imports reached the peak of 4.4K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, watch movements; complete and assembled imports declined to $83K in 2022. Over the period under review, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Imports peaked at $94K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Watch Movements; Complete and Assembled in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.3 | 19.6 | 31.2 | 49.5 | 20.5% |
| Switzerland | 46.1 | 32.8 | 32.5 | 15.6 | -30.3% |
| United Kingdom | 7.1 | 9.1 | 9.9 | 7.8 | 3.2% |
| Hong Kong SAR | 4.3 | 1.9 | 9.9 | 4.4 | 0.8% |
| China | 1.6 | 7.6 | 0.1 | 1.7 | 2.0% |
| Others | 7.2 | 6.4 | 4.4 | 3.5 | -21.4% |
| Total | 94.5 | 77.3 | 87.9 | 82.6 | -4.4% |
Top Suppliers of Watch Movements; Complete and Assembled to Colombia in 2022:
- Hong Kong SAR (1848.0 units)
- United States (889.0 units)
- China (751.0 units)
- Switzerland (105.0 units)
- United Kingdom (60.0 units)
Exports of Watch Movements; Complete and Assembled in Colombia
In 2022, shipments abroad of watch movements; complete and assembleds increased by 44% to 23 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a precipitous decline. Over the period under review, the exports hit record highs at 880 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, watch movements; complete and assembled exports skyrocketed to $921 in 2022. In general, exports, however, recorded a sharp shrinkage. The exports peaked at $75K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Watch Movements; Complete and Assembled in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 62.6 | 1.0 | 0.3 | 0.3 | -83.1% |
| Switzerland | 4.3 | 0.3 | 0.1 | N/A | -84.8% |
| France | 1.8 | N/A | N/A | N/A | 0% |
| Uruguay | 0.7 | N/A | N/A | N/A | 0% |
| Canada | 2.5 | N/A | N/A | N/A | 0% |
| Others | 3.4 | N/A | N/A | 0.6 | -43.9% |
| Total | 75.4 | 1.4 | 0.4 | 0.9 | -77.1% |
Top Export Markets for Watch Movements; Complete and Assembled from Colombia in 2022:
- United States (19.0 units)
- Switzerland (1.0 units)
- France (1.0 units)
- Canada (1.0 units)
- Uruguay (1.0 units)
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This report provides an in-depth analysis of the assembled watch movements market in Colombia.
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Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
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This report provides an in-depth analysis of the assembled watch movements market in Colombia.
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Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
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