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

Contents:

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

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

In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $47 per unit, with a decrease of -33.6% against the previous year. Overall, the import price, however, posted perceptible growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 89%. As a result, import price attained the peak level of $71 per unit, and then contracted significantly in the following year.

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 ($224 per unit), while the price for Congo ($10 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.6%), 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 Ireland (FOB) - 2022

The average export price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $28 per unit in 2022, surging by 15% against the previous year. In general, the export price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 an increase of 305%. Over the period under review, the average export prices hit record highs at $44 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($29 per unit), while the average price for exports to the United States stood at $20 per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.9%).

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

In 2022, supplies from abroad of watch movements; complete and assembled, not automatic winding or electrically operateds was finally on the rise to reach 574 units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a abrupt downturn. Over the period under review, imports of hit record highs at 1K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds dropped to $27K in 2022. Overall, imports, however, continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 87% against the previous year. As a result, imports attained the peak of $30K, and then contracted in the following year.

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

1. Netherlands (445.0 units)
2. China (41.0 units)
3. United Kingdom (20.0 units)
4. Congo (18.0 units)
5. Switzerland (15.0 units)
6. Taiwan (Chinese) (10.0 units)
7. Japan (4.0 units)

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

In 2022, exports of watch movements; complete and assembled, not automatic winding or electrically operateds from Ireland fell sharply to 75 units, with a decrease of -88.4% compared with 2021. In general, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 4,200%. The exports peaked at 1.2K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds dropped rapidly to $2.1K in 2022. Overall, exports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2021 when exports increased by 4,949%. As a result, the exports reached the peak of $16K, and then fell markedly in the following year.

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

1. United Arab Emirates (74.0 units)

Source: IndexBox Market Intelligence Platform