Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Australia - 2024

Contents:

1. Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Australia (CIF) - 2022
2. Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Australia (FOB) - 2022
3. Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Australia
4. Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Australia

Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Australia (CIF) - 2022

In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $28 per unit, falling by -26.9% against the previous year. In general, the import price, however, continues to indicate a strong increase. The growth pace was the most rapid in 2015 an increase of 364%. As a result, import price attained the peak level of $44 per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($47 per unit), while the price for China ($5.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Australia (FOB) - 2022

The average export price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $39 per unit in 2022, which is down by -98.9% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 1,563%. As a result, the export price reached the peak level of $3,666 per unit, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($703 per unit), while the average price for exports to the UK ($9.9 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 France (+64.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Australia

After three years of growth, supplies from abroad of watch movements; complete and assembled, not automatic winding or electrically operateds decreased by -60.2% to 11K units in 2022. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 258%. As a result, imports attained the peak of 28K units, and then dropped notably in the following year.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds shrank remarkably to $313K in 2022. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 312% against the previous year. As a result, imports reached the peak of $1.1M, and then reduced remarkably in the following year.

Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to Australia in 2022:

1. Switzerland (8.0K units)
2. China (2.7K units)
3. Hong Kong SAR (0.4K units)

Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Australia

For the fourth year in a row, Australia recorded growth in overseas shipments of watch movements; complete and assembled, not automatic winding or electrically operateds, which increased by 267% to 1.2K units in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds declined significantly to $47K in 2022. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,573% against the previous year. As a result, the exports reached the peak of $1.2M, and then declined remarkably in the following year.

Top Export Markets for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated from Australia in 2022:

1. New Zealand (458.0 units)
2. United Kingdom (450.0 units)
3. France (300.0 units)
4. United States (2.0 units)

Source: IndexBox Market Intelligence Platform