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

Contents:

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

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

In 2022, the average export price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $11 per unit, with an increase of 274% against the previous year. Over the period under review, the export price posted a measured expansion. The pace of growth appeared the most rapid in 2018 an increase of 280%. The export price peaked at $15 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 the UK ($42 per unit), while the average price for exports to Syrian Arab Republic ($0.5 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 (+1,488.5%), 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 Turkey (CIF) - 2022

In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $52 per unit, surging by 96% against the previous year. In general, the import price posted buoyant growth. The pace of growth appeared the most rapid in 2021 an increase of 134% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($247 per unit), while the price for China ($7.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+17.9%), 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 Turkey

In 2022, exports of watch movements; complete and assembled, not automatic winding or electrically operateds from Turkey dropped significantly to 3.4K units, which is down by -65.9% on the year before. Over the period under review, exports recorded a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 7,072% against the previous year. As a result, the exports attained the peak of 9.8K units, and then declined notably in the following year.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds skyrocketed to $37K in 2022. In general, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 2,278% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

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

1. Switzerland (1302.0 units)
2. Cote d'Ivoire (640.0 units)
3. Bosnia and Herzegovina (325.0 units)
4. Germany (278.0 units)
5. United States (175.0 units)
6. United Kingdom (153.0 units)
7. France (139.0 units)
8. Syrian Arab Republic (112.0 units)
9. Israel (36.0 units)

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

In 2022, purchases abroad of watch movements; complete and assembled, not automatic winding or electrically operateds decreased by -84% to 275 units, falling for the second year in a row after two years of growth. Overall, imports recorded a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 139% against the previous year. As a result, imports reached the peak of 3.2K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds dropped sharply to $14K in 2022. Over the period under review, imports recorded a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 84%. Imports peaked at $46K in 2021, and then dropped rapidly in the following year.

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

1. China (110.0 units)
2. Thailand (68.0 units)
3. Japan (61.0 units)
4. Switzerland (36.0 units)

Source: IndexBox Market Intelligence Platform