Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Indonesia - 2022
Contents:
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Indonesia (CIF) - 2022
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Indonesia (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Indonesia
- Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Indonesia
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Indonesia (CIF) - 2022
The average import price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $391 per unit in 2022, with an increase of 6.8% against the previous year. In general, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 56%. The import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($397 per unit), while the price for Hong Kong SAR ($109 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+39.8%), 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 Indonesia (FOB) - 2022
The average export price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $61 per unit in 2022, declining by -63.3% against the previous year. Over the period under review, the export price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 327% against the previous year. The export price peaked at $278 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Brunei Darussalam amounted to +30.9% per year.
Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Indonesia
In 2022, after two years of decline, there was significant growth in supplies from abroad of watch movements; complete and assembled, not automatic winding or electrically operateds, when their volume increased by 49% to 361 units. Overall, imports, however, recorded a dramatic contraction. Imports peaked at 1.3K 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 surged to $141K in 2022. Over the period under review, imports, however, showed a abrupt descent. Over the period under review, imports of reached the peak figure at $218K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 150 | 50.0 | 71.0 | 106 | -10.9% |
| China | 29.7 | 38.2 | 10.2 | 29.3 | -0.5% |
| Japan | 21.5 | 9.1 | 6.7 | 5.0 | -38.5% |
| Singapore | 5.2 | 1.2 | N/A | 0.3 | -61.4% |
| Hong Kong SAR | 6.0 | 2.2 | N/A | 0.1 | -74.5% |
| Others | 6.0 | 4.3 | 0.7 | 0.9 | -46.9% |
| Total | 218 | 105 | 88.7 | 141 | -13.5% |
Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to Indonesia in 2022:
- Switzerland (266.0 units)
- China (74.0 units)
- Japan (13.0 units)
- Singapore (1.0 units)
- Hong Kong SAR (1.0 units)
Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Indonesia
Exports of watch movements; complete and assembled, not automatic winding or electrically operateds from Indonesia surged to 35 units in 2022, picking up by 46% on 2021. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 243% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds shrank remarkably to $2.1K in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 316%. The exports peaked at $4K in 2021, and then reduced markedly in the following year.
| Export of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Indonesia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 151 | 122 | 477 | 2,119 | 141.2% |
| Bosnia and Herzegovina | N/A | N/A | 734 | N/A | 0% |
| Sweden | 317 | N/A | 117 | N/A | -39.2% |
| France | N/A | 1,369 | 554 | N/A | -59.5% |
| Netherlands | N/A | 125 | 2,022 | N/A | 1517.6% |
| Others | N/A | 331 | 56.0 | N/A | -83.1% |
| Total | 468 | 1,947 | 3,960 | 2,119 | 65.4% |
Top Export Markets for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated from Indonesia in 2022:
- Singapore (35.0 units)
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