Price for Watch Movements; Complete and Assembled in Finland - 2023
Contents:
- Price for Watch Movements; Complete and Assembled in Finland (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in Finland (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in Finland
- Exports of Watch Movements; Complete and Assembled in Finland
Price for Watch Movements; Complete and Assembled in Finland (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembleds amounted to $73 per unit, jumping by 34% against the previous year. In general, the import price posted resilient growth. The growth pace was the most rapid in 2016 when the average import price increased by 201%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($122 per unit), while the price for Japan ($7.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled in Finland (FOB) - 2022
The average export price for watch movements; complete and assembleds stood at $111 per unit in 2022, with a decrease of -26.7% against the previous year. In general, the export price saw a perceptible decline. The growth pace was the most rapid in 2014 when the average export price increased by 3,213%. As a result, the export price attained the peak level of $797 per unit. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($719 per unit), while the average price for exports to Belarus ($24 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 the UK (+670.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Watch Movements; Complete and Assembled in Finland
In 2022, imports of watch movements; complete and assembleds into Finland rose remarkably to 4.7K units, growing by 15% against the year before. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 66%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, watch movements; complete and assembled imports surged to $347K in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 79%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Watch Movements; Complete and Assembled in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 22.5 | 122 | 147 | 308 | 139.2% |
| Spain | 42.3 | N/A | 52.9 | 9.6 | -39.0% |
| Japan | 2.0 | 0.5 | 8.0 | 9.4 | 67.5% |
| Sweden | 5.5 | 0.4 | N/A | 6.7 | 6.8% |
| Austria | 0.1 | N/A | 6.0 | 4.2 | 247.6% |
| China | 1.8 | 0.4 | 1.4 | 1.9 | 1.8% |
| Others | 17.2 | 3.4 | 11.1 | 7.1 | -25.5% |
| Total | 91.3 | 126 | 226 | 347 | 56.1% |
Top Suppliers of Watch Movements; Complete and Assembled to Finland in 2022:
- Switzerland (2777.0 units)
- Japan (1325.0 units)
- China (196.0 units)
- Sweden (127.0 units)
- Austria (82.0 units)
- Spain (79.0 units)
Exports of Watch Movements; Complete and Assembled in Finland
In 2022, shipments abroad of watch movements; complete and assembleds decreased by -77.4% to 100 units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 1,844% against the previous year. As a result, the exports reached the peak of 1.2K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, watch movements; complete and assembled exports declined sharply to $11K in 2022. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 319%. The exports peaked at $67K in 2021, and then plummeted in the following year.
| Export of Watch Movements; Complete and Assembled in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.5 | 7.8 | 17.4 | 5.8 | 32.4% |
| Switzerland | 10.9 | 31.4 | 23.0 | 2.6 | -38.0% |
| United Kingdom | N/A | N/A | 7.0 | 1.4 | -80.0% |
| Belarus | N/A | N/A | N/A | 0.5 | 0% |
| Australia | N/A | N/A | 1.0 | 0.3 | -70.0% |
| Norway | N/A | 7.5 | 0.1 | N/A | -98.7% |
| United Arab Emirates | N/A | 3.1 | 2.8 | N/A | -9.7% |
| Others | N/A | 6.2 | 16.1 | 0.5 | -71.6% |
| Total | 13.4 | 56.0 | 67.3 | 11.1 | -6.1% |
Top Export Markets for Watch Movements; Complete and Assembled from Finland in 2022:
- United States (65.0 units)
- Belarus (21.0 units)
- Switzerland (7.0 units)
- Australia (2.0 units)
- United Kingdom (2.0 units)
- Norway (1.0 units)
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This report provides an in-depth analysis of the assembled watch movements market in Finland.
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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.
314
This report provides an in-depth analysis of the assembled watch movements market in Finland.
393
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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