Price for Watch Movements; Complete and Assembled in Russia - 2022

Contents:

1. Price for Watch Movements; Complete and Assembled in Russia (CIF) - 2022
2. Price for Watch Movements; Complete and Assembled in Russia (FOB) - 2022
3. Imports of Watch Movements; Complete and Assembled in Russia
4. Exports of Watch Movements; Complete and Assembled in Russia

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

In 2022, the average import price for watch movements; complete and assembleds amounted to $14 per unit, growing by 16% against the previous year. In general, the import price continues to indicate a significant increase. The growth pace was the most rapid in 2019 when the average import price increased by 175%. Over the period under review, average import prices reached the peak figure at $17 per unit in 2020; however, from 2021 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 Switzerland ($56 per unit), while the price for Japan ($9.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+35.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for watch movements; complete and assembleds stood at $41 per unit in 2022, dropping by -13.7% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 71%. Over the period under review, the average export prices reached the peak figure at $47 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to +3.4% per year.

Imports of Watch Movements; Complete and Assembled in Russia

In 2022, imports of watch movements; complete and assembleds into Russia reduced sharply to 170K units, waning by -24.5% against 2021. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 84%. Over the period under review, imports hit record highs at 231K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, watch movements; complete and assembled imports reduced to $2.4M in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 34%. As a result, imports attained the peak of $2.7M, and then contracted in the following year.

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

1. China (110.7K units)
2. Japan (51.7K units)
3. Switzerland (7.3K units)
4. Thailand (0.8K units)

Exports of Watch Movements; Complete and Assembled in Russia

In 2022, after three years of growth, there was significant decline in overseas shipments of watch movements; complete and assembleds, when their volume decreased by -27.5% to 2.7K units. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 468% against the previous year. The exports peaked at 3.8K units in 2021, and then fell sharply in the following year.

In value terms, watch movements; complete and assembled exports declined rapidly to $112K in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 400% against the previous year. The exports peaked at $178K in 2021, and then declined sharply in the following year.

Top Export Markets for Watch Movements; Complete and Assembled from Russia in 2022:

1. Armenia (2.7K units)

Source: IndexBox Market Intelligence Platform