Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Sri Lanka - 2022
Contents:
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Sri Lanka (CIF) - 2022
- Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Sri Lanka
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Sri Lanka (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $58 per unit, increasing by 15% against the previous year. Overall, the import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 49%. The import price peaked at $64 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($154 per unit), while the price for India ($17 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+27.2%), 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 Sri Lanka
After three years of growth, overseas purchases of watch movements; complete and assembled, not automatic winding or electrically operateds decreased by -47.7% to 102 units in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 261% against the previous year. As a result, imports reached the peak of 195 units, and then declined markedly in the following year.
In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds dropped significantly to $5.9K in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 186%. As a result, imports attained the peak of $9.8K, and then reduced notably in the following year.
| Import of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 102 | 365 | 3,815 | 3,035 | 209.9% |
| China | 338 | 1,078 | 2,097 | 2,158 | 85.5% |
| India | 302 | 398 | 1,314 | 688 | 31.6% |
| United States | 11.0 | 27.0 | 32.0 | 42.0 | 56.3% |
| Taiwan (Chinese) | 483 | 41.0 | 623 | N/A | 13.6% |
| Others | 1,024 | 1,523 | 1,945 | N/A | 37.8% |
| Total | 2,260 | 3,432 | 9,826 | 5,923 | 37.9% |
Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to Sri Lanka in 2022:
- Hong Kong SAR (45.0 units)
- India (41.0 units)
- China (14.0 units)
- United States (2.0 units)
395
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
395
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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