Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Tanzania - 2022

Contents:

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

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

In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $112 per unit, waning by -54.6% against the previous year. Over the period under review, the import price, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2017 an increase of 361%. The import price peaked at $395 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 China ($351 per unit), while the price for the United Arab Emirates ($10 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+53.0%), 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 Tanzania

In 2022, supplies from abroad of watch movements; complete and assembled, not automatic winding or electrically operateds was finally on the rise to reach 95 units for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds skyrocketed to $11K in 2022. Over the period under review, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2.11.64.49.565.4%
United Kingdom0.1N/A0.10.9108.0%
GermanyN/A0.2N/AN/A0%
IndiaN/AN/AN/AN/A0%
United Arab Emirates4.80.50.2N/A-79.6%
AustraliaN/A2.2N/AN/A0%
Others0.40.40.40.2-20.6%
Total7.44.95.210.612.7%

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

  1. United Kingdom (65.0 units)
  2. China (27.0 units)
  3. United Arab Emirates (1.0 units)
  4. India (1.0 units)

Source: IndexBox Market Intelligence Platform

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