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

Contents:

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

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

In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $352 per unit, picking up by 2% against the previous year. Overall, the import price saw significant growth. The most prominent rate of growth was recorded in 2018 an increase of 111%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($486 per unit), while the price for France ($48 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+57.1%), 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 Costa Rica (FOB) - 2022

The average export price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $5 per unit in 2022, shrinking by -76.2% against the previous year. Over the period under review, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 165% against the previous year. The export price peaked at $320 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Guatemala amounted to +0.2% per year.

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

Imports of watch movements; complete and assembled, not automatic winding or electrically operateds into Costa Rica was estimated at 17 units in 2022, picking up by 6.2% on the previous year. Over the period under review, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 78%. Imports peaked at 26 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds reached $6K in 2022. Overall, imports saw a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 182% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. China (7.0 units)
2. United States (4.0 units)
3. Panama (2.0 units)
4. Spain (2.0 units)
5. Italy (1.0 units)
6. France (1.0 units)

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

In 2022, overseas shipments of watch movements; complete and assembled, not automatic winding or electrically operateds decreased by -66.7% to 1 units, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 20%. As a result, the exports reached the peak of 6 units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds declined remarkably to $5 in 2022. In general, exports recorded a sharp slump. The smallest decline of -40.6% was in 2020. The exports peaked at $1.6K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Nicaragua (1.0 units)

Source: IndexBox Market Intelligence Platform