Price for Watch Movements; Complete and Assembled in Sri Lanka - 2021
Contents:
- Price for Watch Movements; Complete and Assembled in Sri Lanka (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in Sri Lanka (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in Sri Lanka
- Exports of Watch Movements; Complete and Assembled in Sri Lanka
Price for Watch Movements; Complete and Assembled in Sri Lanka (CIF) - 2022
The average import price for watch movements; complete and assembleds stood at $7.4 per unit in 2022, with a decrease of -59.6% against the previous year. In general, the import price continues to indicate a deep reduction. The growth pace was the most rapid in 2013 when the average import price increased by 24% against the previous year. Over the period under review, average import prices reached the maximum at $22 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($89 per unit), while the price for Hong Kong SAR ($2.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Watch Movements; Complete and Assembled in Sri Lanka (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembleds amounted to $20 per unit, surging by 126% against the previous year. In general, the export price showed a resilient expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 329%. Over the period under review, the average export prices hit record highs at $111 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($21 per unit), while the average price for exports to Switzerland ($2 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 Oman (+17.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Watch Movements; Complete and Assembled in Sri Lanka
In 2022, approx. 2.5K units of watch movements; complete and assembleds were imported into Sri Lanka; rising by 122% on the year before. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, watch movements; complete and assembled imports declined to $19K in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 69%. As a result, imports reached the peak of $21K, and then fell in the following year.
| Import of Watch Movements; Complete and Assembled in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.9 | 4.4 | 1.3 | 7.1 | 34.8% |
| Switzerland | 7.3 | 2.8 | 3.5 | 5.1 | -11.3% |
| India | 1.3 | 1.0 | 0.7 | 3.1 | 33.6% |
| Hong Kong SAR | 0.7 | 0.6 | 1.9 | 3.1 | 64.2% |
| Taiwan (Chinese) | 0.8 | N/A | 1.2 | N/A | 22.5% |
| Others | 2.7 | 3.4 | 12.1 | 0.2 | -58.0% |
| Total | 15.6 | 12.2 | 20.7 | 18.6 | 6.0% |
Top Suppliers of Watch Movements; Complete and Assembled to Sri Lanka in 2022:
- Hong Kong SAR (1458.0 units)
- China (686.0 units)
- India (284.0 units)
- Switzerland (57.0 units)
Exports of Watch Movements; Complete and Assembled in Sri Lanka
In 2022, shipments abroad of watch movements; complete and assembleds decreased by -34.7% to 66 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 248%. As a result, the exports attained the peak of 101 units, and then fell remarkably in the following year.
In value terms, watch movements; complete and assembled exports surged to $1.3K in 2022. Overall, exports showed a abrupt curtailment. The exports peaked at $2.4K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Watch Movements; Complete and Assembled in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 1,290 | 0% |
| United Kingdom | N/A | N/A | N/A | 16.0 | 0% |
| Oman | 2,013 | 1,445 | 396 | 10.0 | -82.9% |
| Switzerland | 427 | 300 | 80.0 | 2.0 | -83.3% |
| Italy | N/A | N/A | 416 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,440 | 1,745 | 892 | 1,318 | -18.6% |
Top Export Markets for Watch Movements; Complete and Assembled from Sri Lanka in 2022:
- Germany (61.0 units)
- United Kingdom (3.0 units)
- Switzerland (1.0 units)
- Oman (1.0 units)
393
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
393
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
Nothing found. Please try again.
