Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Nigeria - 2022
Contents:
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Nigeria (CIF) - 2022
- Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Nigeria
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Nigeria (CIF) - 2022
The average import price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $391 per unit in 2022, reducing by -6.4% against the previous year. In general, the import price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 1,337% against the previous year. The import price peaked at $417 per unit in 2021, and then contracted in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($426 per unit) and the UK ($397 per unit), while the price for Japan ($308 per unit) and the United States ($393 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Nigeria
In 2022, the amount of watch movements; complete and assembled, not automatic winding or electrically operateds imported into Nigeria skyrocketed to 88 units, picking up by 105% against the previous year. Overall, imports enjoyed significant growth. 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 $34K in 2022. In general, imports showed a significant 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 Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | 5.8 | 23.8 | 310.3% |
| United States | 0.1 | N/A | 1.6 | 6.7 | 306.2% |
| China | 0.2 | N/A | 1.4 | 1.7 | 104.1% |
| Japan | N/A | N/A | N/A | 0.6 | 0% |
| Switzerland | N/A | N/A | 2.6 | N/A | 0% |
| France | N/A | N/A | 1.9 | N/A | 0% |
| Others | 0.7 | N/A | 4.6 | 1.5 | 28.9% |
| Total | 1.1 | N/A | 17.9 | 34.4 | 215.1% |
Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to Nigeria in 2022:
- United Kingdom (60.0 units)
- United States (17.0 units)
- China (4.0 units)
- Japan (2.0 units)
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This report provides an in-depth analysis of the assembled watch movements market in Nigeria.
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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.
333
This report provides an in-depth analysis of the assembled watch movements market in Nigeria.
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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