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

Contents:

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

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

In 2022, the average import price for watch movements; complete and assembleds amounted to $8.4 per unit, falling by -68.8% against the previous year. Overall, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 135%. As a result, import price reached the peak level of $27 per unit, and then shrank rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($80 per unit), while the price for Finland ($4.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for watch movements; complete and assembleds stood at $14 per unit in 2022, reducing by -78.4% against the previous year. Overall, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 223% against the previous year. As a result, the export price reached the peak level of $63 per unit, and then contracted significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($16 per unit), while the average price for exports to Kosovo ($6.8 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 Italy (+51.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Watch Movements; Complete and Assembled in Slovenia

In 2022, the amount of watch movements; complete and assembleds imported into Slovenia surged to 11K units, picking up by 849% compared with the previous year's figure. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, watch movements; complete and assembled imports surged to $94K in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Watch Movements; Complete and Assembled in Slovenia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
FinlandN/AN/AN/A41.80%
Switzerland26.616.720.327.41.0%
Germany0.66.49.010.9162.9%
China6.819.00.72.7-26.5%
Others0.90.41.911.6134.5%
Total34.942.431.994.539.4%

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

  1. Finland (9.3K units)
  2. Germany (1.0K units)
  3. Switzerland (0.3K units)
  4. China (0.3K units)

Exports of Watch Movements; Complete and Assembled in Slovenia

In 2022, after two years of decline, there was significant growth in shipments abroad of watch movements; complete and assembleds, when their volume increased by 55% to 311 units. Over the period under review, exports, however, saw a dramatic downturn. Over the period under review, the exports attained the maximum at 1.3K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, watch movements; complete and assembled exports contracted notably to $4.3K in 2022. In general, exports, however, continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2021 with an increase of 217%. As a result, the exports reached the peak of $13K, and then declined sharply in the following year.

Export of Watch Movements; Complete and Assembled in Slovenia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Croatia7.23.62.13.9-18.5%
Bosnia and Herzegovina0.20.20.50.314.5%
KosovoN/AN/AN/A0.10%
SlovakiaN/AN/AN/AN/A0%
Others2.10.210.1N/A119.3%
Total9.54.012.74.3-23.2%

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

  1. Croatia (280.0 units)
  2. Bosnia and Herzegovina (20.0 units)
  3. Kosovo (11.0 units)

Source: IndexBox Market Intelligence Platform

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