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

Contents:

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

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

In 2022, the average export price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $119 per unit, growing by 1,476% against the previous year. Over the period under review, the export price continues to indicate significant growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 1,509%. Over the period under review, the average export prices attained the peak figure at $452 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($323 per unit), while the average price for exports to Switzerland stood at $70 per unit.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+43.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $60 per unit, jumping by 170% against the previous year. Over the period under review, the import price showed a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 China amounted to +11.0% per year.

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

For the third consecutive year, Lithuania recorded growth in shipments abroad of watch movements; complete and assembled, not automatic winding or electrically operateds, which increased by 41% to 31 units in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 100% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds skyrocketed to $3.7K in 2022. Overall, exports, however, faced a abrupt decline. Over the period under review, the exports of reached the peak figure at $5K in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

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

1. Switzerland (25.0 units)
2. Hong Kong SAR (6.0 units)

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

In 2022, purchases abroad of watch movements; complete and assembled, not automatic winding or electrically operateds decreased by -83.1% to 12 units, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 54% against the previous year. As a result, imports attained the peak of 149 units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds reduced dramatically to $716 in 2022. Over the period under review, imports recorded a dramatic downturn. The smallest decline of -28.6% was in 2020. Over the period under review, imports of reached the maximum at $3.3K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. China (12.0 units)

Source: IndexBox Market Intelligence Platform