Price for Watch Movements; Complete and Assembled in Malaysia - 2021
Contents:
- Price for Watch Movements; Complete and Assembled in Malaysia (FOB) - 2022
- Price for Watch Movements; Complete and Assembled in Malaysia (CIF) - 2022
- Exports of Watch Movements; Complete and Assembled in Malaysia
- Imports of Watch Movements; Complete and Assembled in Malaysia
Price for Watch Movements; Complete and Assembled in Malaysia (FOB) - 2022
The average export price for watch movements; complete and assembleds stood at $34 per unit in 2022, with an increase of 2% against the previous year. Overall, the export price continues to indicate significant growth. The pace of growth appeared the most rapid in 2015 an increase of 173%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($178 per unit), while the average price for exports to Japan ($9.7 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 (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled in Malaysia (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembleds amounted to $3.9 per unit, surging by 31% against the previous year. Overall, the import price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 35%. The import price peaked at $7.3 per unit in 2014; however, from 2015 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 Switzerland ($38 per unit), while the price for Thailand ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Watch Movements; Complete and Assembled in Malaysia
In 2022, shipments abroad of watch movements; complete and assembleds was finally on the rise to reach 950K units after two years of decline. In general, exports, however, showed a dramatic downturn. The exports peaked at 2.4M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, watch movements; complete and assembled exports skyrocketed to $33M in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump. The exports peaked at $56M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Watch Movements; Complete and Assembled in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 30.1 | 22.3 | 7.2 | 13.6 | -23.3% |
| China | 10.6 | 7.1 | 2.1 | 9.5 | -3.6% |
| Japan | 3.0 | 7.4 | 2.7 | 6.4 | 28.7% |
| Singapore | 9.3 | 12.9 | 2.0 | 2.9 | -32.2% |
| Others | 2.6 | 1.0 | 0.7 | 0.3 | -51.3% |
| Total | 55.6 | 50.7 | 14.6 | 32.6 | -16.3% |
Top Export Markets for Watch Movements; Complete and Assembled from Malaysia in 2022:
- Japan (662.3K units)
- China (166.9K units)
- Hong Kong SAR (76.1K units)
- Singapore (43.0K units)
Imports of Watch Movements; Complete and Assembled in Malaysia
In 2022, overseas purchases of watch movements; complete and assembleds decreased by -22.3% to 706K units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 111%. Over the period under review, imports hit record highs at 909K units in 2021, and then declined dramatically in the following year.
In value terms, watch movements; complete and assembled imports totaled $2.7M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 183% against the previous year. As a result, imports attained the peak of $2.8M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Watch Movements; Complete and Assembled in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 730 | 2,097 | 1,596 | 1,213 | 18.4% |
| Switzerland | 51.2 | 171 | 222 | 657 | 134.1% |
| China | 115 | 199 | 495 | 348 | 44.6% |
| Hong Kong SAR | 7.9 | 25.0 | 140 | 221 | 203.6% |
| Thailand | 13.6 | 59.5 | 53.7 | 43.1 | 46.9% |
| Others | 66.3 | 239 | 190 | 260 | 57.7% |
| Total | 985 | 2,790 | 2,697 | 2,743 | 40.7% |
Top Suppliers of Watch Movements; Complete and Assembled to Malaysia in 2022:
- China (297.2K units)
- Singapore (261.1K units)
- Thailand (79.2K units)
- Hong Kong SAR (34.8K units)
- Switzerland (17.2K units)
270
This report provides an in-depth analysis of the assembled watch movements market in Malaysia.
393
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
270
This report provides an in-depth analysis of the assembled watch movements market in Malaysia.
393
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
Nothing found. Please try again.
