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

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

In 2022, the average import price for watch movements; complete and assembleds amounted to $30 per unit, with a decrease of -16.8% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the average import price increased by 25% against the previous year. The import price peaked at $36 per unit in 2021, and then contracted significantly in the following year.

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 ($102 per unit), while the price for the Netherlands ($3.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for watch movements; complete and assembleds amounted to $16 per unit, reducing by -28.7% against the previous year. In general, the export price showed a slight decline. The growth pace was the most rapid in 2016 an increase of 38% against the previous year. Over the period under review, the average export prices hit record highs at $22 per unit in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($181 per unit), while the average price for exports to Spain ($5.4 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 France (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Watch Movements; Complete and Assembled in Germany

In 2022, approx. 1.1M units of watch movements; complete and assembleds were imported into Germany; jumping by 22% against the year before. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, watch movements; complete and assembled imports totaled $31M in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 15%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Import of Watch Movements; Complete and Assembled in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	20.9	23.9	25.9	25.1	6.3%
Japan	1.9	2.9	2.6	3.3	20.2%
China	1.6	1.1	1.2	2.1	9.5%
Thailand	0.3	0.3	0.3	0.3	0.0%
Hong Kong SAR	0.4	0.8	0.3	0.2	-20.6%
Netherlands	0.2	0.1	0.2	0.1	-20.6%
Others	0.1	0.2	0.3	0.3	44.2%
Total	25.3	29.1	30.8	31.3	7.4%

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

Japan (477.5K units)
Switzerland (245.6K units)
China (241.5K units)
Thailand (40.9K units)
Netherlands (24.5K units)
Hong Kong SAR (24.5K units)

Exports of Watch Movements; Complete and Assembled in Germany

In 2022, the amount of watch movements; complete and assembleds exported from Germany reached 383K units, growing by 10% on the year before. The total export volume increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 32% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, watch movements; complete and assembled exports shrank sharply to $6M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +21.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, the exports attained the peak of $7.6M, and then dropped dramatically in the following year.

Export of Watch Movements; Complete and Assembled in Germany (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	2,045	2,409	2,769	1,882	-2.7%
France	413	357	629	1,062	37.0%
Hong Kong SAR	322	875	1,446	708	30.0%
Italy	437	354	422	463	1.9%
Netherlands	278	266	231	272	-0.7%
Austria	270	235	207	196	-10.1%
Poland	131	123	110	152	5.1%
Czech Republic	25.5	21.4	76.2	137	75.1%
Belgium	80.7	70.9	93.3	97.8	6.6%
Portugal	50.1	30.5	81.7	63.8	8.4%
Denmark	71.4	92.9	76.3	63.8	-3.7%
Spain	60.3	59.5	43.6	49.9	-6.1%
Others	726	542	1,389	815	3.9%
Total	4,911	5,437	7,574	5,963	6.7%