Price for Watch Movements; Complete and Assembled in Ireland - 2023
Contents:
- Price for Watch Movements; Complete and Assembled in Ireland (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in Ireland (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in Ireland
- Exports of Watch Movements; Complete and Assembled in Ireland
Price for Watch Movements; Complete and Assembled in Ireland (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembleds amounted to $22 per unit, approximately mirroring the previous year. Over the period under review, the import price showed a pronounced decline. The pace of growth appeared the most rapid in 2013 when the average import price increased by 81%. Over the period under review, average import prices reached the maximum at $144 per unit in 2015; however, from 2016 to 2022, 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 the UK ($64 per unit), while the price for China ($10 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Watch Movements; Complete and Assembled in Ireland (FOB) - 2022
The average export price for watch movements; complete and assembleds stood at $16 per unit in 2022, increasing by 13% against the previous year. In general, the export price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 497%. Over the period under review, the average export prices reached the peak figure at $98 per unit in 2012; however, from 2013 to 2022, the 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 ($19 per unit), while the average price for exports to Hong Kong SAR ($5.8 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 Hong Kong SAR (+3.2%), while the prices for the other major destinations experienced a decline.
Imports of Watch Movements; Complete and Assembled in Ireland
In 2022, watch movements; complete and assembled imports into Ireland amounted to 5K units, approximately reflecting the year before. Overall, imports showed a notable increase. The smallest decline of -41.9% was in 2020. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, watch movements; complete and assembled imports amounted to $109K in 2022. Over the period under review, imports faced a deep contraction. The smallest decline of -20.3% was in 2020. Imports peaked at $151K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Watch Movements; Complete and Assembled in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 22.8 | 10.5 | N/A | 39.1 | 19.7% |
| China | 11.5 | 1.6 | N/A | 22.4 | 24.9% |
| Japan | 15.7 | 14.2 | N/A | 21.8 | 11.6% |
| United Kingdom | 80.3 | 75.3 | N/A | 8.3 | -53.1% |
| Malaysia | N/A | 0.1 | N/A | 3.4 | 483.1% |
| Germany | 11.8 | 15.0 | N/A | 1.3 | -52.1% |
| Others | 9.3 | 4.0 | N/A | 13.2 | 12.4% |
| Total | 151 | 121 | N/A | 109 | -10.3% |
Top Suppliers of Watch Movements; Complete and Assembled to Ireland in 2022:
- China (2230.0 units)
- Switzerland (1519.0 units)
- Japan (766.0 units)
- Malaysia (180.0 units)
- United Kingdom (131.0 units)
- Germany (29.0 units)
Exports of Watch Movements; Complete and Assembled in Ireland
In 2022, approx. 982 units of watch movements; complete and assembleds were exported from Ireland; reducing by -53.4% against 2021 figures. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 2,165%. As a result, the exports attained the peak of 2.1K units, and then reduced notably in the following year.
In value terms, watch movements; complete and assembled exports shrank significantly to $15K in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,807% against the previous year. As a result, the exports reached the peak of $29K, and then shrank markedly in the following year.
| Export of Watch Movements; Complete and Assembled in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.8 | 0.5 | N/A | 8.9 | 123.2% |
| United States | 0.4 | 0.2 | N/A | 4.2 | 119.0% |
| United Arab Emirates | N/A | 0.7 | 29.4 | 2.1 | 73.2% |
| Hong Kong SAR | N/A | 0.1 | N/A | 0.3 | 73.2% |
| China | 6.3 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 7.5 | 1.5 | 29.4 | 15.5 | 27.4% |
Top Export Markets for Watch Movements; Complete and Assembled from Ireland in 2022:
- United Kingdom (462.0 units)
- United States (315.0 units)
- United Arab Emirates (157.0 units)
- Hong Kong SAR (47.0 units)
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This report provides an in-depth analysis of the assembled watch movements market in Ireland.
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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.
311
This report provides an in-depth analysis of the assembled watch movements market in Ireland.
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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