Price for Watch Movements; Complete and Assembled in Israel - 2023
Contents:
- Price for Watch Movements; Complete and Assembled in Israel (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in Israel (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in Israel
- Exports of Watch Movements; Complete and Assembled in Israel
Price for Watch Movements; Complete and Assembled in Israel (CIF) - 2022
The average import price for watch movements; complete and assembleds stood at $46 per unit in 2022, surging by 38% against the previous year. Overall, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 88% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($87 per unit), while the price for Germany ($4.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+55.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled in Israel (FOB) - 2022
The average export price for watch movements; complete and assembleds stood at $149 per unit in 2022, which is down by -14.6% against the previous year. Over the period under review, the export price recorded a noticeable decrease. The pace of growth was the most pronounced in 2015 when the average export price increased by 177% against the previous year. As a result, the export price attained the peak level of $803 per unit. From 2016 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($200 per unit), while the average price for exports to the United States ($64 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 Germany (+22.6%), while the prices for the other major destinations experienced a decline.
Imports of Watch Movements; Complete and Assembled in Israel
In 2022, approx. 17K units of watch movements; complete and assembleds were imported into Israel; falling by -19.4% compared with the previous year. Over the period under review, imports continue to indicate a slight decrease. The pace of growth appeared the most rapid in 2021 with an increase of 43%. As a result, imports attained the peak of 21K units, and then dropped sharply in the following year.
In value terms, watch movements; complete and assembled imports expanded remarkably to $791K in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Watch Movements; Complete and Assembled in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 367 | 387 | 418 | 580 | 16.5% |
| Netherlands | 20.1 | 1.0 | 47.6 | 71.0 | 52.3% |
| Hong Kong SAR | 47.2 | 51.3 | 46.8 | 60.0 | 8.3% |
| China | 50.7 | 10.7 | 12.7 | 38.0 | -9.2% |
| Japan | 18.3 | 18.4 | 16.7 | 30.0 | 17.9% |
| Germany | 18.7 | 8.7 | 5.6 | 11.0 | -16.2% |
| United States | 27.9 | 11.6 | 111 | 1.0 | -67.0% |
| Others | 40.3 | 26.0 | 53.9 | N/A | 15.6% |
| Total | 590 | 515 | 712 | 791 | 10.3% |
Top Suppliers of Watch Movements; Complete and Assembled to Israel in 2022:
- United States (undefinedK units)
- Switzerland (9.0K units)
- Hong Kong SAR (3.7K units)
- Germany (2.3K units)
- Netherlands (0.8K units)
- China (0.8K units)
- Japan (0.6K units)
Exports of Watch Movements; Complete and Assembled in Israel
In 2022, overseas shipments of watch movements; complete and assembleds were finally on the rise to reach 1.1K units after two years of decline. Over the period under review, exports, however, faced a dramatic curtailment. The exports peaked at 8.4K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, watch movements; complete and assembled exports reached $164K in 2022. In general, exports, however, recorded a precipitous descent. Over the period under review, the exports hit record highs at $1.9M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Watch Movements; Complete and Assembled in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.5 | 2.4 | 8.0 | 69.0 | 132.4% |
| Switzerland | 59.3 | 21.2 | 1.8 | 41.0 | -11.6% |
| United States | 126 | 53.5 | 7.2 | 15.0 | -50.8% |
| Austria | 64.0 | 41.9 | 15.8 | 2.0 | -68.5% |
| China | 82.6 | 17.4 | 2.1 | 1.0 | -77.0% |
| South Korea | 499 | 36.9 | 74.7 | N/A | -61.3% |
| France | 75.3 | 1.2 | 0.4 | N/A | -92.7% |
| India | 197 | 19.6 | 26.9 | N/A | -63.0% |
| Indonesia | 628 | N/A | N/A | N/A | 0% |
| Romania | 91.8 | N/A | N/A | N/A | 0% |
| Others | 71.9 | 58.9 | 20.1 | 36.0 | -20.6% |
| Total | 1,901 | 253 | 157 | 164 | -55.8% |
Top Export Markets for Watch Movements; Complete and Assembled from Israel in 2022:
- Switzerland (486.0 units)
- Germany (345.0 units)
- United States (233.0 units)
- Austria (9.0 units)
- China (5.0 units)
349
This report provides an in-depth analysis of the assembled watch movements market in Israel.
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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.
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This report provides an in-depth analysis of the assembled watch movements market in Israel.
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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.
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