Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Finland - 2023

Contents:

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

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

In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $16 per unit, falling by -9.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 217% against the previous year. Over the period under review, average import prices hit record highs at $18 per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($17 per unit), while the price for the UK amounted to $3.8 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+2.8%).

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

The average export price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $356 per unit in 2022, rising by 98% against the previous year. Over the period under review, the export price, however, saw a dramatic decrease. The most prominent rate of growth was recorded in 2021 an increase of 766% against the previous year. The export price peaked at $13,015 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 ($492 per unit), while the average price for exports to Canada ($20 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 South Korea (+371.7%), 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 Finland

In 2022, supplies from abroad of watch movements; complete and assembled, not automatic winding or electrically operateds decreased by -6.1% to 3K units, falling for the second consecutive year after two years of growth. Overall, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 3,097%. As a result, imports reached the peak of 3.7K 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 shrank to $50K in 2022. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 2,281% against the previous year. Imports peaked at $58K in 2021, and then shrank in the following year.

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

1. Switzerland (2.9K units)
2. United Kingdom (0.1K units)

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

In 2022, after three years of growth, there was significant decline in overseas shipments of watch movements; complete and assembled, not automatic winding or electrically operateds, when their volume decreased by -90% to 12 units. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 1,614%. As a result, the exports reached the peak of 120 units, and then fell significantly in the following year.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds dropped remarkably to $4.3K in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 14,752%. As a result, the exports attained the peak of $22K, and then shrank sharply in the following year.

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

1. United States (8.0 units)
2. Switzerland (1.0 units)
3. Australia (1.0 units)
4. Norway (1.0 units)
5. Canada (1.0 units)

Source: IndexBox Market Intelligence Platform