Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in China - 2023
Contents:
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in China (FOB) - 2022
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in China (CIF) - 2022
- Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in China
- Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in China
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in China (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $13 per unit, falling by -42.9% against the previous year. Overall, the export price, however, continues to indicate a temperate expansion. The growth pace was the most rapid in 2021 an increase of 107%. As a result, the export price reached the peak level of $22 per unit, and then fell notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($33 per unit), while the average price for exports to Japan stood at $5 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+13.9%).
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in China (CIF) - 2022
The average import price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $11 per unit in 2022, waning by -16.7% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for watch movements; complete and assembled, not automatic winding or electrically operateds increased by +16.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 59%. The import price peaked at $18 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($142 per unit), while the price for Hong Kong SAR ($1.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+18.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in China
In 2022, shipments abroad of watch movements; complete and assembled, not automatic winding or electrically operateds increased by 3.9% to 1.4M units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a dramatic decline. Over the period under review, the exports of attained the maximum at 2.8M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds contracted markedly to $18M in 2022. Over the period under review, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 101% against the previous year. As a result, the exports attained the peak of $30M, and then contracted rapidly in the following year.
| Export of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 20.4 | 14.3 | 28.8 | 12.0 | -16.2% |
| Japan | N/A | N/A | N/A | 5.0 | 0% |
| Latvia | N/A | N/A | N/A | N/A | 0% |
| Others | 0.7 | 0.5 | 0.9 | 0.6 | -5.0% |
| Total | 21.2 | 14.8 | 29.7 | 17.7 | -5.8% |
Top Export Markets for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated from China in 2022:
- Japan (1008.6K units)
- Hong Kong SAR (366.5K units)
Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in China
In 2022, approx. 128K units of watch movements; complete and assembled, not automatic winding or electrically operateds were imported into China; which is down by -9.5% compared with the year before. Over the period under review, imports showed a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. Imports peaked at 144K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds dropped sharply to $1.4M in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. As a result, imports attained the peak of $1.9M, and then dropped markedly in the following year.
| Import of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 641 | 938 | 1,307 | 1,003 | 16.1% |
| Japan | 683 | 591 | 543 | 372 | -18.3% |
| Hong Kong SAR | 43.4 | 16.5 | 34.5 | 37.8 | -4.5% |
| Others | 4.8 | 43.8 | N/A | 7.0 | 13.4% |
| Total | 1,373 | 1,589 | 1,885 | 1,420 | 1.1% |
Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to China in 2022:
- Japan (84.8K units)
- Hong Kong SAR (33.1K units)
- Switzerland (7.1K units)
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