Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in the United States - 2023

Contents:

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

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

In 2022, the average export price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $3.6 per unit, with a decrease of -33.6% against the previous year. In general, the export price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 36% against the previous year. The export price peaked at $8.2 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 Argentina ($41 per unit), while the average price for exports to China ($3 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 Argentina (+30.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $66 per unit, approximately equating the previous year. Over the period under review, the import price posted a resilient expansion. The pace of growth was the most pronounced in 2015 an increase of 40% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

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 ($94 per unit), while the price for India ($2.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+10.2%), 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 States

In 2022, approx. 2M units of watch movements; complete and assembled, not automatic winding or electrically operateds were exported from the United States; falling by -35.7% on 2021. Over the period under review, exports, however, saw moderate growth. The pace of growth appeared the most rapid in 2021 with an increase of 82%. As a result, the exports reached the peak of 3.1M units, and then reduced dramatically in the following year.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds dropped rapidly to $7M in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 111% against the previous year. As a result, the exports reached the peak of $16M, and then fell rapidly in the following year.

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

1. Switzerland (768.3K units)
2. Hong Kong SAR (362.0K units)
3. Germany (277.1K units)
4. United Kingdom (178.4K units)
5. China (71.5K units)
6. Mexico (52.9K units)
7. Greece (51.2K units)
8. Japan (8.9K units)
9. France (5.0K units)

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

In 2022, approx. 95K units of watch movements; complete and assembled, not automatic winding or electrically operateds were imported into the United States; with a decrease of -2.1% on the year before. In general, imports faced a abrupt curtailment. Over the period under review, imports of hit record highs at 164K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds declined modestly to $6.2M in 2022. Overall, imports recorded a abrupt contraction. Imports peaked at $8.2M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. Switzerland (63.2K units)
2. Japan (11.5K units)
3. China (6.8K units)
4. India (6.1K units)
5. Germany (2.0K units)
6. Thailand (1.7K units)
7. Austria (1.5K units)

Source: IndexBox Market Intelligence Platform