Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Luxembourg - 2023
Contents:
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Luxembourg (FOB) - 2022
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Luxembourg (CIF) - 2022
- Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Luxembourg
- Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Luxembourg
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Luxembourg (FOB) - 2022
The average export price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $321 per unit in 2022, increasing by 98% against the previous year. In general, the export price showed a relatively flat trend pattern. The export price peaked at $603 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +0.6% per year.
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Luxembourg (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $11 per unit, which is down by -16% against the previous year. Overall, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 29% against the previous year. As a result, import price attained the peak level of $119 per unit. From 2014 to 2022, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($15 per unit), while the price for the Netherlands totaled $11 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+9.5%), while the prices for the other major suppliers experienced a decline.
Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Luxembourg
In 2022, after three years of growth, there was significant decline in shipments abroad of watch movements; complete and assembled, not automatic winding or electrically operateds, when their volume decreased by -83% to 9 units. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 783%. As a result, the exports attained the peak of 53 units, and then shrank markedly in the following year.
In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds reduced markedly to $2.9K in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 499% against the previous year. As a result, the exports reached the peak of $8.6K, and then dropped notably in the following year.
| Export of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.1 | 1.4 | 6.4 | 2.9 | 207.2% |
| France | N/A | N/A | 2.2 | N/A | 0% |
| Oman | 0.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.7 | 1.4 | 8.6 | 2.9 | 60.6% |
Top Export Markets for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated from Luxembourg in 2022:
- Netherlands (9.0 units)
Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Luxembourg
In 2022, imports of watch movements; complete and assembled, not automatic winding or electrically operateds into Luxembourg shrank sharply to 221 units, falling by -62.9% against the previous year's figure. Overall, imports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 286% against the previous year. As a result, imports attained the peak of 595 units, and then contracted sharply in the following year.
In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds contracted remarkably to $2.5K in 2022. In general, imports showed a precipitous contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 198%. Over the period under review, imports of reached the maximum at $9.2K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 2.6 | 4.8 | 2.5 | -1.9% |
| Hong Kong SAR | N/A | N/A | 2.7 | N/A | 0% |
| Belgium | 0.2 | N/A | N/A | N/A | 0% |
| France | 4.1 | N/A | N/A | N/A | 0% |
| Denmark | 3.8 | N/A | N/A | N/A | 0% |
| Others | 1.2 | N/A | 0.4 | N/A | -42.3% |
| Total | 9.2 | 2.7 | 8.0 | 2.5 | -35.2% |
Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to Luxembourg in 2022:
- Netherlands (220.0 units)
- France (1.0 units)
393
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
393
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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