Price for Watch Movements; Complete and Assembled in Myanmar - 2022

Price for Watch Movements; Complete and Assembled in Myanmar (CIF) - 2022

In 2022, the average import price for watch movements; complete and assembleds amounted to $0.2 per unit, growing by 10% against the previous year. In general, the import price, however, saw a dramatic slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 202% against the previous year. The import price peaked at $19 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($0.2 per unit), while the price for Singapore amounted to $0.2 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-11.2%).

Imports of Watch Movements; Complete and Assembled in Myanmar

In 2022, purchases abroad of watch movements; complete and assembleds decreased by -49.4% to 50K units, falling for the second year in a row after two years of growth. In general, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 172%. As a result, imports reached the peak of 227K units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, watch movements; complete and assembled imports declined remarkably to $11K in 2022. Over the period under review, imports faced a dramatic decline. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. As a result, imports attained the peak of $54K. From 2021 to 2022, the growth of imports failed to regain momentum.