Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Switzerland - 2024

Contents:

1. Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Switzerland (CIF) - 2022
2. Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Switzerland (FOB) - 2024
3. Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Switzerland
4. Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Switzerland

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

In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $161 per unit, surging by 14% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 68%. The import price peaked at $187 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($400 per unit), while the price for Spain ($28 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+15.1%), 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 Switzerland (FOB) - 2024

The average export price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $198 per unit in January 2024, dropping by -55.7% against the previous month. Over the period under review, the export price recorded a pronounced shrinkage. The pace of growth was the most pronounced in May 2023 an increase of 178% month-to-month. Over the period under review, the average export prices hit record highs at $505 per unit in August 2023; however, from September 2023 to January 2024, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was France ($3,115 per unit), while the average price for exports to the United States ($39.6 per unit) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the third year in a row, Switzerland recorded decline in supplies from abroad of watch movements; complete and assembled, not automatic winding or electrically operateds, which decreased by -18.9% to 38K units in 2022. In general, imports saw a precipitous contraction. The smallest decline of -12.3% was in 2021. Over the period under review, imports of reached the peak figure at 85K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds reduced to $6.1M in 2022. Overall, imports faced a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by 47% against the previous year. Over the period under review, imports of attained the peak figure at $9.4M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. China (7.5K units)
2. United States (5.6K units)
3. Japan (3.3K units)
4. Singapore (2.8K units)
5. United Kingdom (2.8K units)
6. Germany (2.7K units)
7. Hong Kong SAR (2.2K units)
8. Netherlands (1.9K units)
9. Kuwait (1.6K units)
10. France (1.3K units)
11. Taiwan (Chinese) (1.1K units)
12. Spain (1.1K units)
13. United Arab Emirates (1.0K units)

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

In 2022, exports of watch movements; complete and assembled, not automatic winding or electrically operateds from Switzerland shrank markedly to 27K units, with a decrease of -27.7% compared with the previous year's figure. In general, exports faced a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 43% against the previous year. The exports peaked at 43K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds declined dramatically to $5M in 2022. Overall, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2021 when exports increased by 58%. As a result, the exports attained the peak of $6.2M, and then declined rapidly in the following year.

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

1. Hong Kong SAR (7.0K units)
2. United States (4.4K units)
3. France (2.9K units)
4. Germany (2.8K units)
5. Netherlands (1.9K units)
6. Kuwait (1.4K units)
7. Italy (1.2K units)
8. United Kingdom (1.2K units)
9. Japan (1.0K units)
10. China (0.8K units)
11. United Arab Emirates (0.2K units)

Source: IndexBox Market Intelligence Platform