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

Contents:

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

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

In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $38 per unit, falling by -33.6% against the previous year. Over the period under review, the import price, however, showed a significant increase. The growth pace was the most rapid in 2017 an increase of 881% against the previous year. The import price peaked at $57 per unit in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($166 per unit), while the price for India ($2.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+40.5%), 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 Romania (FOB) - 2022

The average export price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $123 per unit in 2022, surging by 56% against the previous year. Overall, the export price, however, showed a dramatic decline. Over the period under review, the average export prices attained the maximum at $4,950 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($129 per unit), while the average price for exports to the Netherlands totaled $58 per unit.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-67.1%).

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

In 2022, the amount of watch movements; complete and assembled, not automatic winding or electrically operateds imported into Romania stood at 853 units, remaining constant against the previous year's figure. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 178% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds shrank notably to $32K in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,831% against the previous year. As a result, imports reached the peak of $48K, and then contracted markedly in the following year.

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

1. India (431.0 units)
2. Germany (163.0 units)
3. Switzerland (156.0 units)
4. China (67.0 units)
5. Japan (14.0 units)
6. Italy (1.0 units)

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

In 2022, shipments abroad of watch movements; complete and assembled, not automatic winding or electrically operateds decreased by -49.3% to 36 units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 7,000%. As a result, the exports attained the peak of 71 units, and then fell sharply in the following year.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds reduced sharply to $4.4K in 2022. In general, total exports indicated a resilient expansion from 2020 to 2022: its value increased at an average annual rate of +16.3% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 71% against the previous year. As a result, the exports attained the peak of $5.6K, and then dropped markedly in the following year.

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

1. Bulgaria (33.0 units)
2. Netherlands (3.0 units)

Source: IndexBox Market Intelligence Platform