Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Italy - 2023
Contents:
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Italy (FOB) - 2022
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Italy (CIF) - 2022
- Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Italy
- Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Italy
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Italy (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $1,850 per unit, surging by 20% against the previous year. In general, the export price posted a significant expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 132% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($4,268 per unit), while the average price for exports to Spain ($341 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 the UK (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Italy (CIF) - 2022
The average import price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $34 per unit in 2022, shrinking by -62.6% against the previous year. In general, the import price, however, continues to indicate a pronounced expansion. The pace of growth was the most pronounced in 2021 an increase of 220%. Over the period under review, average import prices hit record highs at $92 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
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 ($125 per unit), while the price for Hong Kong SAR ($4.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Italy
In 2022, exports of watch movements; complete and assembled, not automatic winding or electrically operateds from Italy soared to 14K units, growing by 16% on 2021. Over the period under review, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. The exports peaked at 19K 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 surged to $25M in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 81%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 4.7 | 4.9 | 7.0 | 9.6 | 26.9% |
| United States | 1.5 | 1.5 | 1.8 | 3.4 | 31.4% |
| United Kingdom | N/A | N/A | 3.8 | 3.3 | -13.2% |
| Switzerland | 0.7 | 0.7 | 0.7 | 1.0 | 12.6% |
| Kosovo | N/A | N/A | N/A | 0.8 | 0% |
| United Arab Emirates | N/A | 0.2 | 0.4 | 0.8 | 100.0% |
| Japan | 0.6 | 0.6 | 1.0 | 0.8 | 10.1% |
| Spain | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 1.5 | 2.1 | 3.2 | 5.5 | 54.2% |
| Total | 9.2 | 10.0 | 18.1 | 25.2 | 39.9% |
Top Export Markets for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated from Italy in 2022:
- United Kingdom (2.7K units)
- United Arab Emirates (2.3K units)
- Hong Kong SAR (2.2K units)
- United States (1.9K units)
- Switzerland (1.9K units)
- Kosovo (0.4K units)
- Spain (0.4K units)
- Japan (0.1K units)
Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Italy
In 2022, after two years of decline, there was significant growth in purchases abroad of watch movements; complete and assembled, not automatic winding or electrically operateds, when their volume increased by 440% to 14K units. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds skyrocketed to $466K in 2022. Over the period under review, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.9 | 0.9 | 4.1 | 178 | 354.2% |
| Netherlands | 141 | 80.9 | 109 | 159 | 4.1% |
| Switzerland | 100 | 46.3 | 94.0 | 103 | 1.0% |
| China | 12.9 | 16.8 | 7.4 | 11.1 | -4.9% |
| Hong Kong SAR | 6.5 | 3.1 | N/A | 3.2 | -21.0% |
| Japan | 23.7 | 24.3 | N/A | N/A | 2.5% |
| Others | 5.2 | 1.8 | 16.0 | 11.8 | 31.4% |
| Total | 291 | 174 | 231 | 466 | 17.0% |
Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to Italy in 2022:
- Germany (11.5K units)
- Switzerland (0.8K units)
- Hong Kong SAR (0.7K units)
- China (0.6K units)
- Netherlands (0.1K units)
346
This report provides an in-depth analysis of the assembled watch movements market in Italy.
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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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This report provides an in-depth analysis of the assembled watch movements market in Italy.
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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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