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

Contents:

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

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

The average import price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $361 per unit in 2022, increasing by 55% against the previous year. Over the period under review, the import price showed strong growth. The growth pace was the most rapid in 2017 when the average import price increased by 238% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,388 per unit), while the price for Germany ($23 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $833 per unit in 2022, picking up by 257% against the previous year. Overall, the export price posted a strong expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 1,564%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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 the United States ($4,444 per unit), while the average price for exports to the Netherlands stood at $317 per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-4.6%).

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

In 2022, overseas purchases of watch movements; complete and assembled, not automatic winding or electrically operateds decreased by -33.3% to 30 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year. As a result, imports reached the peak of 45 units, and then fell significantly in the following year.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds reached $11K in 2022. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 179% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.

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

1. Netherlands (11.0 units)
2. Germany (8.0 units)
3. Switzerland (6.0 units)
4. China (3.0 units)
5. United States (1.0 units)
6. Spain (1.0 units)

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

In 2022, the amount of watch movements; complete and assembled, not automatic winding or electrically operateds exported from Portugal shrank markedly to 8 units, waning by -98.8% on the previous year's figure. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 22,100% against the previous year. As a result, the exports attained the peak of 666 units, and then declined significantly in the following year.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds plummeted to $6.7K in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 19,887% against the previous year. As a result, the exports reached the peak of $156K, and then shrank rapidly in the following year.

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

1. Netherlands (7.0 units)
2. United States (1.0 units)

Source: IndexBox Market Intelligence Platform