Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Jordan - 2022

Contents:

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

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

In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $176 per unit, rising by 473% against the previous year. Overall, the import price enjoyed a buoyant increase. Over the period under review, average import prices attained the peak figure at $214 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +7.9% per year.

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

In 2022, the average export price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $180 per unit, declining by -30.7% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 71%. As a result, the export price reached the peak level of $391 per unit. From 2021 to 2022, the average export prices remained at a somewhat 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 Switzerland ($257 per unit), while the average price for exports to Belgium totaled $1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-3.2%).

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

In 2022, imports of watch movements; complete and assembled, not automatic winding or electrically operateds into Jordan skyrocketed to 70 units, increasing by 233% against 2021 figures. In general, imports showed a significant increase. As a result, imports attained 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 surged to $12K in 2022. Overall, imports showed a significant increase. As a result, imports attained 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 Jordan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.80.90.412.3148.7%
Italy0.91.00.2N/A-52.9%
United Arab Emirates0.40.3N/AN/A-25.0%
OthersN/A0.1N/AN/A0%
Total2.12.40.612.380.3%

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

  1. China (70.0 units)

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

In 2022, the amount of watch movements; complete and assembled, not automatic winding or electrically operateds exported from Jordan skyrocketed to 43 units, rising by 16% on the previous year's figure. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 147% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds declined notably to $7.7K in 2022. Over the period under review, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 64%. As a result, the exports reached the peak of $9.6K, and then declined sharply in the following year.

Export of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Jordan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland4.65.99.67.718.7%
BelgiumN/AN/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total4.65.99.67.718.7%

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

  1. Switzerland (30.0 units)
  2. Belgium (13.0 units)

Source: IndexBox Market Intelligence Platform

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