Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Africa - 2024
Contents:
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Africa (CIF) - 2022
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Africa (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Africa
- Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Africa
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Africa (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $6.2 per unit, reducing by -6.9% against the previous year. Over the period under review, the import price, however, recorded noticeable growth. The growth pace was the most rapid in 2017 when the average import price increased by 129%. The import price peaked at $13 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($4.8 per unit), while the price for Hong Kong SAR ($0.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced a decline.
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Africa (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $0.2 per unit, reducing by -97.1% against the previous year. Over the period under review, the export price showed a dramatic contraction. The growth pace was the most rapid in 2019 when the average export price increased by 200%. As a result, the export price attained the peak level of $43 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($226 per unit), while the average price for exports to Italy ($0.1 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 the Netherlands (+50.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Africa
In 2022, approx. 21K units of watch movements; complete and assembled, not automatic winding or electrically operateds were imported into South Africa; rising by 189% against the year before. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 614%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds soared to $128K in 2022. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 276%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.8 | 0.9 | 20.0 | 88.8 | 266.8% |
| Japan | 0.5 | 0.7 | 0.1 | 3.3 | 87.6% |
| France | 7.6 | 0.1 | 5.8 | 1.6 | -40.5% |
| India | 1.5 | 0.1 | N/A | 0.4 | -35.6% |
| Hong Kong SAR | 1.4 | N/A | 0.1 | N/A | -73.3% |
| Others | 34.4 | 10.8 | 21.6 | 34.0 | -0.4% |
| Total | 47.3 | 12.7 | 47.6 | 128 | 39.4% |
Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to South Africa in 2022:
- China (18.7K units)
- Japan (1.6K units)
- India (0.1K units)
- France (0.1K units)
Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Africa
In 2022, shipments abroad of watch movements; complete and assembled, not automatic winding or electrically operateds increased by 2,607% to 14K units for the first time since 2019, thus ending a two-year declining trend. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds dropped remarkably to $3.5K in 2022. Overall, exports, however, showed a significant contraction. The exports peaked at $70K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | N/A | 2.1 | 0% |
| Netherlands | 32.0 | 2.9 | N/A | 0.5 | -75.0% |
| Botswana | N/A | 0.9 | 0.7 | N/A | -22.2% |
| United States | 3.4 | 0.1 | N/A | N/A | -97.1% |
| Australia | N/A | N/A | 3.4 | N/A | 0% |
| Mauritius | 33.9 | 0.3 | N/A | N/A | -99.1% |
| Others | 0.2 | 7.3 | 0.4 | 1.0 | 71.0% |
| Total | 69.5 | 11.5 | 4.5 | 3.5 | -63.1% |
Top Export Markets for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated from South Africa in 2022:
- Italy (14.1K units)
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