Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in the United Arab Emirates - 2022

Contents:

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

Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in the United Arab Emirates (FOB) - 2022

The average export price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $377 per unit in 2022, with an increase of 126% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 236% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($636 per unit), while the average price for exports to Qatar ($323 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 UK (+5,832.7%), 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 the United Arab Emirates (CIF) - 2022

In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $13 per unit, reducing by -27.3% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by 101% against the previous year. As a result, import price reached the peak level of $35 per unit. From 2020 to 2022, the average import prices remained at a lower figure.

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 Switzerland ($34 per unit), while the price for Germany ($4.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.2%), 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 the United Arab Emirates

In 2022, exports of watch movements; complete and assembled, not automatic winding or electrically operateds from the United Arab Emirates dropped to 951 units, with a decrease of -4% compared with 2021 figures. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when exports increased by 593%. As a result, the exports reached the peak of 991 units, and then contracted in the following year.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds surged to $359K in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 496% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.

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

1. Germany (366.0 units)
2. Switzerland (362.0 units)
3. United States (59.0 units)
4. Bahrain (52.0 units)
5. United Kingdom (28.0 units)
6. Qatar (26.0 units)
7. Kuwait (25.0 units)

Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in the United Arab Emirates

In 2022, after three years of growth, there was significant decline in supplies from abroad of watch movements; complete and assembled, not automatic winding or electrically operateds, when their volume decreased by -61% to 18K units. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 345%. Over the period under review, imports of attained the maximum at 46K units in 2021, and then shrank rapidly in the following year.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds fell markedly to $236K in 2022. Overall, imports, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 199% against the previous year. Over the period under review, imports of hit record highs at $831K in 2021, and then contracted significantly in the following year.

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

1. Germany (12.9K units)
2. Switzerland (4.2K units)
3. United States (0.9K units)

Source: IndexBox Market Intelligence Platform