Price for Watch Movements; Complete and Assembled in Hong Kong SAR - 2023
Contents:
- Price for Watch Movements; Complete and Assembled in Hong Kong SAR (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in Hong Kong SAR (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in Hong Kong SAR
- Exports of Watch Movements; Complete and Assembled in Hong Kong SAR
Price for Watch Movements; Complete and Assembled in Hong Kong SAR (CIF) - 2022
The average import price for watch movements; complete and assembleds stood at $2 per unit in 2022, increasing by 5.2% against the previous year. Over the period under review, the import price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $2.9 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($5 per unit), while the price for China ($1.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.3%), while the prices for the other major suppliers experienced a decline.
Price for Watch Movements; Complete and Assembled in Hong Kong SAR (FOB) - 2022
The average export price for watch movements; complete and assembleds stood at $2.1 per unit in 2022, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 13%. Over the period under review, the average export prices attained the peak figure at $2.7 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($12 per unit), while the average price for exports to Pakistan ($0.3 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 India (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Watch Movements; Complete and Assembled in Hong Kong SAR
In 2022, imports of watch movements; complete and assembleds into Hong Kong SAR declined remarkably to 163M units, with a decrease of -24.6% compared with 2021 figures. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 54% against the previous year. As a result, imports reached the peak of 217M units, and then shrank sharply in the following year.
In value terms, watch movements; complete and assembled imports dropped rapidly to $328M in 2022. In general, imports faced a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 36%. Imports peaked at $487M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Watch Movements; Complete and Assembled in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 263 | 165 | 219 | 181 | -11.7% |
| China | 134 | 66.1 | 101 | 83.6 | -14.6% |
| Thailand | 24.8 | 18.5 | 28.9 | 17.6 | -10.8% |
| Others | 64.8 | 53.8 | 64.5 | 45.7 | -11.0% |
| Total | 487 | 304 | 413 | 328 | -12.3% |
Top Suppliers of Watch Movements; Complete and Assembled to Hong Kong SAR in 2022:
- Japan (79.9M units)
- China (77.7M units)
- Thailand (3.5M units)
Exports of Watch Movements; Complete and Assembled in Hong Kong SAR
In 2022, approx. 116M units of watch movements; complete and assembleds were exported from Hong Kong SAR; falling by -13.6% against 2021 figures. Over the period under review, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 40%. Over the period under review, the exports reached the maximum at 163M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, watch movements; complete and assembled exports fell to $239M in 2022. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. The exports peaked at $359M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Watch Movements; Complete and Assembled in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 198 | 123 | 161 | 120 | -15.4% |
| Japan | 70.3 | 43.3 | 45.8 | 45.0 | -13.8% |
| India | 7.8 | 3.9 | 13.5 | 11.7 | 14.5% |
| Philippines | 6.6 | 3.5 | 6.0 | 7.3 | 3.4% |
| Brazil | 3.4 | 1.5 | 3.0 | 6.1 | 21.5% |
| Pakistan | 1.2 | 1.8 | 2.3 | 2.0 | 18.6% |
| Taiwan (Chinese) | 30.5 | 11.7 | 5.4 | 1.2 | -66.0% |
| Nepal | 9.4 | 2.8 | 3.3 | 0.5 | -62.4% |
| Others | 32.1 | 28.0 | 33.4 | 46.1 | 12.8% |
| Total | 359 | 219 | 274 | 239 | -12.7% |
Top Export Markets for Watch Movements; Complete and Assembled from Hong Kong SAR in 2022:
- China (75.1M units)
- India (18.1M units)
- Pakistan (6.3M units)
- Philippines (3.9M units)
- Japan (3.8M units)
- Brazil (1.8M units)
- Nepal (0.6M units)
- Taiwan (Chinese) (0.2M units)
394
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
394
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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