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

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

In 2022, the average import price for watch movements; complete and assembleds amounted to $0.9 per unit, stabilizing at the previous year. Over the period under review, the import price, however, recorded a deep setback. The growth pace was the most rapid in 2014 when the average import price increased by 152% against the previous year. As a result, import price attained the peak level of $2.8 per unit. From 2015 to 2022, the average 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 Switzerland ($3.3 per unit), while the price for Hong Kong SAR ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.3%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for watch movements; complete and assembleds amounted to $32 per unit, falling by -47.5% against the previous year. Overall, the export price, however, saw a buoyant expansion. The growth pace was the most rapid in 2016 an increase of 280% against the previous year. The export price peaked at $103 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Bosnia and Herzegovina.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +35.3% per year.

Imports of Watch Movements; Complete and Assembled in Croatia

In 2022, imports of watch movements; complete and assembleds into Croatia soared to 88K units, picking up by 77% on 2021 figures. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, watch movements; complete and assembled imports skyrocketed to $77K in 2022. Over the period under review, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Watch Movements; Complete and Assembled in Croatia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	11.1	10.7	22.0	31.0	40.8%
Switzerland	15.1	8.5	9.5	13.7	-3.2%
Slovenia	8.8	5.3	6.0	7.8	-3.9%
Germany	3.7	2.2	1.6	5.2	12.0%
Hong Kong SAR	6.5	6.4	1.6	4.7	-10.2%
Others	0.7	0.5	2.6	14.8	176.5%
Total	45.8	33.6	43.3	77.1	19.0%

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

China (48.3K units)
Hong Kong SAR (22.0K units)
Slovenia (10.1K units)
Switzerland (4.1K units)
Germany (2.4K units)

Exports of Watch Movements; Complete and Assembled in Croatia

In 2022, watch movements; complete and assembled exports from Croatia totaled 1 units, flattening at the previous year. In general, exports faced a sharp decline. The smallest decline of -50% was in 2021. The exports peaked at 2 units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, watch movements; complete and assembled exports reduced markedly to $32 in 2022. Overall, exports showed a sharp shrinkage. The exports peaked at $205 in 2020; however, from 2021 to 2022, the exports remained at a lower figure.