Price for Watch Movements; Complete and Assembled in Mexico - 2023
Contents:
- Price for Watch Movements; Complete and Assembled in Mexico (CIF) - 2022
- Imports of Watch Movements; Complete and Assembled in Mexico
Price for Watch Movements; Complete and Assembled in Mexico (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembleds amounted to $33 per unit, declining by -42.9% against the previous year. In general, the import price, however, showed a buoyant increase. The growth pace was the most rapid in 2014 when the average import price increased by 77% against the previous year. The import price peaked at $58 per unit in 2021, and then dropped dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($273 per unit), while the price for Japan ($5.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Watch Movements; Complete and Assembled in Mexico
In 2022, the amount of watch movements; complete and assembleds imported into Mexico surged to 35K units, increasing by 113% on the previous year. Over the period under review, imports, however, faced a deep slump. Over the period under review, imports reached the maximum at 49K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, watch movements; complete and assembled imports soared to $1.2M in 2022. Overall, imports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 51%. Imports peaked at $1.3M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Watch Movements; Complete and Assembled in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,145 | 532 | 861 | 971 | -5.3% |
| Japan | 134 | 60.1 | 59.8 | 125 | -2.3% |
| China | 30.8 | 27.6 | 21.6 | 45.6 | 14.0% |
| United States | 2.1 | N/A | N/A | 5.5 | 37.8% |
| Others | 10.4 | 5.8 | 1.0 | 3.1 | -33.2% |
| Total | 1,322 | 625 | 943 | 1,151 | -4.5% |
Top Suppliers of Watch Movements; Complete and Assembled to Mexico in 2022:
- Japan (23.9K units)
- China (6.1K units)
- Switzerland (3.6K units)
- United States (0.7K units)
288
This report provides an in-depth analysis of the assembled watch movements market in Mexico.
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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 Mexico.
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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