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

Contents:

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

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

The average import price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $51 per unit in 2022, rising by 4.2% against the previous year. In general, the import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 63% against the previous year. As a result, import price attained the peak level of $60 per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($54 per unit), while the price for Thailand ($15 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.2%), 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 Canada (FOB) - 2022

In 2022, the average export price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $4.9 per unit, shrinking by -88.2% against the previous year. In general, the export price recorded a abrupt slump. The growth pace was the most rapid in 2021 an increase of 260% against the previous year. As a result, the export price attained the peak level of $41 per unit, and then fell significantly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +14.5% per year.

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

For the fourth year in a row, Canada recorded growth in supplies from abroad of watch movements; complete and assembled, not automatic winding or electrically operateds, which increased by 17% to 7.1K units in 2022. The total import volume increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds skyrocketed to $365K in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.6% 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 +54.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Switzerland (5.0K units)
2. United States (1.3K units)
3. China (0.4K units)
4. Hong Kong SAR (0.1K units)

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

In 2022, overseas shipments of watch movements; complete and assembled, not automatic winding or electrically operateds decreased by -92.7% to 137 units, falling for the second year in a row after two years of growth. Over the period under review, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 1,241% against the previous year. As a result, the exports reached the peak of 14K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds declined significantly to $665 in 2022. Overall, exports faced a sharp reduction. The growth pace was the most rapid in 2020 with an increase of 928%. As a result, the exports reached the peak of $163K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Lebanon (137.0 units)

Source: IndexBox Market Intelligence Platform