Price for Watch Movements; Complete and Assembled in Saudi Arabia - 2021
Contents:
- Price for Watch Movements; Complete and Assembled in Saudi Arabia (FOB) - 2022
- Exports of Watch Movements; Complete and Assembled in Saudi Arabia
Price for Watch Movements; Complete and Assembled in Saudi Arabia (FOB) - 2022
The average export price for watch movements; complete and assembleds stood at $435 per unit in 2022, falling by -31.2% against the previous year. Overall, the export price, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 an increase of 544% against the previous year. The export price peaked at $685 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($651 per unit), while the average price for exports to the UK ($36 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 Netherlands (+53.4%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Watch Movements; Complete and Assembled in Saudi Arabia
In 2022, approx. 41 units of watch movements; complete and assembleds were exported from Saudi Arabia; increasing by 14% against the year before. Overall, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 53% against the previous year. As a result, the exports attained the peak of 81 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, watch movements; complete and assembled exports fell notably to $18K in 2022. Over the period under review, exports, however, saw a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 189%. Over the period under review, the exports attained the peak figure at $36K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Watch Movements; Complete and Assembled in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.4 | 1.5 | 22.2 | 16.9 | 248.3% |
| United Arab Emirates | 30.2 | 5.1 | 0.5 | 0.7 | -71.5% |
| Hong Kong SAR | 2.0 | 0.5 | 0.1 | 0.1 | -63.2% |
| Switzerland | 1.0 | 0.2 | N/A | N/A | -80.0% |
| Seychelles | N/A | N/A | N/A | N/A | 0% |
| United Kingdom | 1.3 | 0.3 | 0.1 | N/A | -72.3% |
| Oman | N/A | N/A | N/A | N/A | 0% |
| Sudan | 0.8 | 0.2 | 0.1 | N/A | -64.6% |
| Others | 0.5 | 0.2 | 0.1 | N/A | -55.3% |
| Total | 36.4 | 8.0 | 23.0 | 17.8 | -21.2% |
Top Export Markets for Watch Movements; Complete and Assembled from Saudi Arabia in 2022:
- Netherlands (36.0 units)
- Sudan (1.0 units)
- United Arab Emirates (1.0 units)
- United Kingdom (1.0 units)
- Hong Kong SAR (1.0 units)
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This report provides an in-depth analysis of the assembled watch movements market in Saudi Arabia.
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This report provides an in-depth analysis of the assembled watch movements market in Saudi Arabia.
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Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
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