Price for Watch Movements; Complete and Assembled in the United Arab Emirates - 2021
Contents:
- Price for Watch Movements; Complete and Assembled in the United Arab Emirates (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in the United Arab Emirates (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in the United Arab Emirates
- Exports of Watch Movements; Complete and Assembled in the United Arab Emirates
Price for Watch Movements; Complete and Assembled in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembleds amounted to $21 per unit, rising by 280% against the previous year. Overall, the import price showed a pronounced expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($31 per unit), while the price for Hong Kong SAR ($0.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Watch Movements; Complete and Assembled in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembleds amounted to $7.8 per unit, declining by -79.8% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2013 an increase of 720% against the previous year. The export price peaked at $145 per unit in 2015; however, from 2016 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 Kuwait ($15 per unit), while the average price for exports to Hong Kong SAR ($0.9 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 Hong Kong SAR (-7.9%), while the prices for the other major destinations experienced a decline.
Imports of Watch Movements; Complete and Assembled in the United Arab Emirates
In 2022, the amount of watch movements; complete and assembleds imported into the United Arab Emirates shrank dramatically to 182K units, dropping by -84.4% compared with 2021. In general, imports showed a sharp decline. The pace of growth appeared the most rapid in 2021 when imports increased by 90%. Over the period under review, imports attained the maximum at 1.2M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, watch movements; complete and assembled imports declined markedly to $3.8M in 2022. Overall, imports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 216% against the previous year. As a result, imports reached the peak of $6.5M, and then shrank remarkably in the following year.
| Import of Watch Movements; Complete and Assembled in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,332 | 871 | 1,367 | 3,296 | 35.3% |
| Germany | 12.3 | 2.2 | 6.3 | 112 | 108.8% |
| China | N/A | 0.1 | 2.6 | 73.6 | 2612.9% |
| United States | 61.0 | 393 | 3,419 | 18.6 | -32.7% |
| Hong Kong SAR | 445 | 176 | 58.4 | 14.8 | -67.8% |
| Others | 422 | 610 | 1,641 | 327 | -8.2% |
| Total | 2,273 | 2,052 | 6,495 | 3,842 | 19.1% |
Top Suppliers of Watch Movements; Complete and Assembled to the United Arab Emirates in 2022:
- Switzerland (105.5K units)
- Hong Kong SAR (58.0K units)
- Germany (7.5K units)
- United States (5.2K units)
- China (2.9K units)
Exports of Watch Movements; Complete and Assembled in the United Arab Emirates
In 2022, the amount of watch movements; complete and assembleds exported from the United Arab Emirates skyrocketed to 305K units, with an increase of 2,150% against the year before. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, watch movements; complete and assembled exports soared to $2.4M in 2022. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Watch Movements; Complete and Assembled in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 68.6 | 0.2 | N/A | 608 | 106.9% |
| Saudi Arabia | N/A | N/A | 9.3 | 420 | 4416.1% |
| United States | N/A | N/A | N/A | 188 | 0% |
| China | N/A | N/A | N/A | 128 | 0% |
| Germany | 5.1 | N/A | 24.8 | 124 | 189.7% |
| Qatar | N/A | N/A | N/A | 121 | 0% |
| Sudan | N/A | N/A | N/A | 54.7 | 0% |
| Hong Kong SAR | 0.4 | 2.1 | 0.8 | 52.8 | 409.2% |
| Others | 92.3 | 131 | 489 | 678 | 94.4% |
| Total | 166 | 134 | 524 | 2,375 | 142.8% |
Top Export Markets for Watch Movements; Complete and Assembled from the United Arab Emirates in 2022:
- Saudi Arabia (71.0K units)
- Hong Kong SAR (56.5K units)
- Kuwait (40.3K units)
- United States (31.8K units)
- China (21.6K units)
- Germany (20.9K units)
- Qatar (20.4K units)
- Sudan (10.3K units)
297
This report provides an in-depth analysis of the assembled watch movements market in the United Arab Emirates.
395
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
297
This report provides an in-depth analysis of the assembled watch movements market in the United Arab Emirates.
395
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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