Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Hungary - 2023
Contents:
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Hungary (CIF) - 2022
- Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Hungary
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Hungary (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $24 per unit, rising by 51% against the previous year. Overall, the import price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 380%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($171 per unit), while the price for China ($5.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+215.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Hungary
For the third consecutive year, Hungary recorded decline in purchases abroad of watch movements; complete and assembled, not automatic winding or electrically operateds, which decreased by -53% to 158 units in 2022. Over the period under review, imports recorded a sharp contraction. The smallest decline of -52.5% was in 2021. Imports peaked at 1.9K 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 rapidly to $3.8K in 2022. Overall, imports saw a sharp descent. The pace of growth was the most pronounced in 2021 when imports increased by 128% against the previous year. Over the period under review, imports of attained the peak figure at $8.1K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Hungary (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 2,458 | 594 | 2,877 | 2,949 | 6.3% |
| United States | 740 | 518 | N/A | 512 | -11.6% |
| India | N/A | N/A | N/A | 218 | 0% |
| China | 1,732 | 152 | 197 | 83.0 | -63.7% |
| Japan | N/A | 991 | 714 | 35.0 | -81.2% |
| Hong Kong SAR | 990 | 98.0 | 298 | N/A | -45.1% |
| Germany | 2,228 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 1,270 | N/A | 0% |
| Total | 8,148 | 2,353 | 5,356 | 3,797 | -22.5% |
Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to Hungary in 2022:
- Switzerland (126.0 units)
- China (16.0 units)
- India (11.0 units)
- United States (3.0 units)
- Japan (2.0 units)
382
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
382
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
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