Price for Watch Movements; Complete and Assembled in New Zealand - 2023
Contents:
- Price for Watch Movements; Complete and Assembled in New Zealand (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in New Zealand (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in New Zealand
- Exports of Watch Movements; Complete and Assembled in New Zealand
Price for Watch Movements; Complete and Assembled in New Zealand (CIF) - 2022
The average import price for watch movements; complete and assembleds stood at $13 per unit in 2022, declining by -36.6% against the previous year. In general, the import price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2016 an increase of 73% against the previous year. Over the period under review, average import prices reached the maximum at $21 per unit in 2018; however, from 2019 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 ($91 per unit), while the price for Thailand ($4.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled in New Zealand (FOB) - 2022
The average export price for watch movements; complete and assembleds stood at $2,749 per unit in 2022, surging by 42% against the previous year. Overall, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2021 an increase of 5,943%. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($5,706 per unit), while the average price for exports to the UK ($821 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 (+60,502.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Watch Movements; Complete and Assembled in New Zealand
In 2022, watch movements; complete and assembled imports into New Zealand skyrocketed to 11K units, growing by 31% compared with the previous year. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +26.6% 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 +102.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 68% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, watch movements; complete and assembled imports shrank remarkably to $142K in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 43%. Imports peaked at $171K in 2021, and then dropped markedly in the following year.
| Import of Watch Movements; Complete and Assembled in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.9 | 97.0 | 66.5 | 81.0 | 50.2% |
| Switzerland | 56.0 | 28.3 | 45.1 | 31.5 | -17.5% |
| Germany | N/A | 7.1 | 8.2 | 6.5 | -4.3% |
| Japan | 8.3 | 5.2 | 10.0 | 4.8 | -16.7% |
| Thailand | 2.5 | 2.3 | 3.8 | 2.1 | -5.6% |
| Hong Kong SAR | 4.8 | 4.3 | 0.2 | 0.1 | -72.5% |
| Others | 11.6 | 9.2 | 37.5 | 16.3 | 12.0% |
| Total | 107 | 153 | 171 | 142 | 9.9% |
Top Suppliers of Watch Movements; Complete and Assembled to New Zealand in 2022:
- Hong Kong SAR (undefinedK units)
- China (9.1K units)
- Japan (0.8K units)
- Germany (0.5K units)
- Thailand (0.4K units)
- Switzerland (0.3K units)
Exports of Watch Movements; Complete and Assembled in New Zealand
In 2022, overseas shipments of watch movements; complete and assembleds decreased by -77.8% to 8 units, falling for the second year in a row after two years of growth. Overall, exports showed a deep setback. The growth pace was the most rapid in 2020 when exports increased by 1,992% against the previous year. As a result, the exports attained the peak of 272 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, watch movements; complete and assembled exports contracted remarkably to $22K in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,338%. Over the period under review, the exports attained the maximum at $69K in 2021, and then shrank significantly in the following year.
| Export of Watch Movements; Complete and Assembled in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 0.6 | 0.5 | 42.8 | 15.5 | 195.6% |
| Japan | N/A | N/A | 6.4 | 5.7 | -10.9% |
| United Kingdom | N/A | N/A | N/A | 0.8 | 0% |
| Hong Kong SAR | N/A | 8.2 | 19.4 | N/A | 136.6% |
| Others | N/A | N/A | 0.9 | N/A | 0% |
| Total | 0.6 | 8.7 | 69.5 | 22.0 | 232.2% |
Top Export Markets for Watch Movements; Complete and Assembled from New Zealand in 2022:
- Australia (6.0 units)
- United Kingdom (1.0 units)
- Japan (1.0 units)
393
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
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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