Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Colombia - 2022

Contents:

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

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

In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $243 per unit, surging by 59% against the previous year. Overall, the import price posted significant growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 80% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($353 per unit), while the price for China stood at $133 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.7%), 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 Colombia (FOB) - 2022

In 2022, the average export price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $110 per unit, with an increase of 132% against the previous year. Overall, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 288%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to +5.1% per year.

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

In 2022, purchases abroad of watch movements; complete and assembled, not automatic winding or electrically operateds decreased by -98.1% to 2 units, falling for the second consecutive year after two years of growth. Overall, imports showed a sharp shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 459%. As a result, imports attained the peak of 162 units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds declined remarkably to $486 in 2022. Over the period under review, imports showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 730%. Over the period under review, imports of attained the peak figure at $16K in 2021, and then dropped notably in the following year.

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

1. Switzerland (1.0 units)
2. China (1.0 units)

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

In 2022, the amount of watch movements; complete and assembled, not automatic winding or electrically operateds exported from Colombia contracted significantly to 1 units, shrinking by -50% compared with the year before. Over the period under review, exports showed a dramatic curtailment. Over the period under review, the exports of attained the peak figure at 2 units in 2021, and then declined remarkably in the following year.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds skyrocketed to $110 in 2022. Overall, exports continue to indicate a abrupt slump. Over the period under review, the exports of reached the maximum at $144 in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

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

1. Switzerland (1.0 units)

Source: IndexBox Market Intelligence Platform