Price for Watch Movements; Complete and Assembled in Romania - 2023

Price for Watch Movements; Complete and Assembled in Romania (CIF) - 2022

In 2022, the average import price for watch movements; complete and assembleds amounted to $13 per unit, standing approx. at the previous year. Over the period under review, the import price saw a prominent expansion. The pace of growth was the most pronounced in 2017 an increase of 257%. Over the period under review, average import prices hit record highs at $20 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($17 per unit), while the price for China ($1.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Watch Movements; Complete and Assembled in Romania (FOB) - 2022

In 2022, the average export price for watch movements; complete and assembleds amounted to $33 per unit, rising by 21% against the previous year. Over the period under review, the export price, however, faced a abrupt downturn. The export price peaked at $8,915 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to -8.6% per year.

Imports of Watch Movements; Complete and Assembled in Romania

In 2022, imports of watch movements; complete and assembleds into Romania dropped to 8.2K units, declining by -12% compared with the previous year's figure. Overall, imports, however, recorded a mild increase. The most prominent rate of growth was recorded in 2021 with an increase of 192%. As a result, imports reached the peak of 9.3K units, and then shrank in the following year.

In value terms, watch movements; complete and assembled imports fell to $106K in 2022. Over the period under review, imports, however, posted prominent growth. The growth pace was the most rapid in 2021 with an increase of 92% against the previous year. As a result, imports attained the peak of $120K, and then declined in the following year.

Import of Watch Movements; Complete and Assembled in Romania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	35.4	30.1	35.7	43.9	7.4%
Germany	4.9	1.9	35.7	35.4	93.3%
United Kingdom	8.4	7.1	1.5	2.4	-34.1%
Hong Kong SAR	N/A	N/A	8.1	1.3	-84.0%
China	2.2	0.4	1.3	0.7	-31.7%
Japan	6.2	0.4	N/A	N/A	-93.5%
Czech Republic	1.5	N/A	N/A	N/A	0%
Others	10.3	22.3	37.4	21.9	28.6%
Total	69.1	62.2	120	106	15.3%

Top Suppliers of Watch Movements; Complete and Assembled to Romania in 2022:

Germany (4.1K units)
Switzerland (3.0K units)
China (0.5K units)
United Kingdom (0.1K units)
Hong Kong SAR (0.1K units)

Exports of Watch Movements; Complete and Assembled in Romania

In 2022, after two years of growth, there was significant decline in overseas shipments of watch movements; complete and assembleds, when their volume decreased by -97.5% to 11 units. In general, exports recorded a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 3,246%. As a result, the exports reached the peak of 435 units, and then dropped remarkably in the following year.

In value terms, watch movements; complete and assembled exports reduced sharply to $367 in 2022. Overall, exports faced a sharp shrinkage. The growth pace was the most rapid in 2021 with an increase of 242% against the previous year. As a result, the exports reached the peak of $12K, and then plummeted in the following year.