Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Singapore - 2023
Contents:
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Singapore (FOB) - 2022
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Singapore (CIF) - 2022
- Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Singapore
- Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Singapore
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Singapore (FOB) - 2022
The average export price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $70 per unit in 2022, with an increase of 22% against the previous year. In general, the export price posted a moderate expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 57% against the previous year. The export price peaked at $120 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($467 per unit), while the average price for exports to Indonesia ($42 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+380.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Singapore (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $63 per unit, with an increase of 46% against the previous year. In general, the import price showed a strong expansion. The pace of growth appeared the most rapid in 2021 an increase of 224% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
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 Panama ($199 per unit), while the price for China ($23 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Singapore
Exports of watch movements; complete and assembled, not automatic winding or electrically operateds from Singapore reduced remarkably to 9.7K units in 2022, waning by -81% against the previous year. In general, exports faced a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 114%. The exports peaked at 58K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds dropped notably to $680K in 2022. Overall, exports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 71%. Over the period under review, the exports of attained the peak figure at $4M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 4.6 | 603 | 2,080 | 425 | 352.1% |
| Indonesia | 441 | 105 | 512 | 98.3 | -39.4% |
| South Africa | N/A | N/A | N/A | 30.6 | 0% |
| Malaysia | 3,528 | 339 | 0.7 | 1.4 | -92.7% |
| Others | 60.1 | 664 | 335 | 124 | 27.3% |
| Total | 4,034 | 1,711 | 2,927 | 680 | -44.8% |
Top Export Markets for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated from Singapore in 2022:
- Hong Kong SAR (6.6K units)
- Indonesia (2.3K units)
- South Africa (0.5K units)
Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Singapore
In 2022, approx. 9.3K units of watch movements; complete and assembled, not automatic winding or electrically operateds were imported into Singapore; reducing by -36.6% compared with the previous year's figure. In general, imports saw a sharp curtailment. Imports peaked at 372K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds dropped to $582K in 2022. Overall, imports saw a significant curtailment. Imports peaked at $3.2M 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 Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | N/A | N/A | N/A | 129 | 0% |
| Japan | 335 | 108 | 18.9 | 123 | -28.4% |
| Malaysia | 61.3 | 42.7 | 177 | 96.5 | 16.3% |
| Switzerland | 202 | 139 | 115 | 86.4 | -24.7% |
| China | 2,605 | 951 | 131 | 74.8 | -69.4% |
| United Kingdom | 6.2 | N/A | 10.5 | 15.8 | 36.6% |
| United States | 1.4 | 1.2 | 35.5 | 15.3 | 121.9% |
| Others | 36.8 | 23.0 | 143 | 41.3 | 3.9% |
| Total | 3,247 | 1,266 | 631 | 582 | -43.6% |
Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to Singapore in 2022:
- China (3.2K units)
- Malaysia (2.1K units)
- Japan (1.7K units)
- Switzerland (0.8K units)
- Panama (0.7K units)
- United Kingdom (0.3K units)
- United States (0.2K units)
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This report provides an in-depth analysis of the assembled watch movements market in Singapore.
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This report provides an in-depth analysis of the assembled watch movements market in Singapore.
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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.
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