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

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

In 2022, the average import price for watch movements; complete and assembleds amounted to $36 per unit, with a decrease of -37.8% against the previous year. In general, the import price saw a noticeable contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 34%. As a result, import price attained the peak level of $68 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +9.5% per year.

Price for Watch Movements; Complete and Assembled in Nepal (FOB) - 2022

The average export price for watch movements; complete and assembleds stood at $61 per unit in 2022, with a decrease of -8.1% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 69%. The export price peaked at $66 per unit in 2021, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +5.7% per year.

Imports of Watch Movements; Complete and Assembled in Nepal

After two years of decline, purchases abroad of watch movements; complete and assembleds increased by 67% to 2.7K units in 2022. Over the period under review, imports, however, continue to indicate a precipitous shrinkage. Imports peaked at 9.2K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, watch movements; complete and assembled imports expanded slightly to $96K in 2022. Overall, imports, however, continue to indicate a dramatic downturn. Imports peaked at $453K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Watch Movements; Complete and Assembled in Nepal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	20.4	2.7	2.5	95.1	67.1%
Hong Kong SAR	432	85.4	89.0	N/A	-54.6%
Others	1.4	0.6	0.6	0.7	-20.6%
Total	453	88.7	92.1	95.8	-40.4%

Top Suppliers of Watch Movements; Complete and Assembled to Nepal in 2022:

China (2.6K units)

Exports of Watch Movements; Complete and Assembled in Nepal

After two years of decline, shipments abroad of watch movements; complete and assembleds increased by 29% to 760 units in 2022. In general, exports, however, continue to indicate a dramatic setback. Over the period under review, the exports attained the peak figure at 1.5K 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 skyrocketed to $46K in 2022. Over the period under review, exports, however, faced a deep downturn. Over the period under review, the exports hit record highs at $74K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.