Price for Watch Movements; Complete and Assembled in the United States - 2023
Contents:
- Price for Watch Movements; Complete and Assembled in the United States (FOB) - 2022
- Price for Watch Movements; Complete and Assembled in the United States (CIF) - 2022
- Exports of Watch Movements; Complete and Assembled in the United States
- Imports of Watch Movements; Complete and Assembled in the United States
Price for Watch Movements; Complete and Assembled in the United States (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembleds amounted to $9 per unit, rising by 15% against the previous year. Over the period under review, the export price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 48% against the previous year. The export price peaked at $14 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($20 per unit), while the average price for exports to Greece ($3 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 Canada (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Watch Movements; Complete and Assembled in the United States (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembleds amounted to $71 per unit, surging by 14% against the previous year. Overall, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 49% against the previous year. The import price peaked in 2022 and is expected to retain 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 Germany ($102 per unit), while the price for Thailand ($6.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Watch Movements; Complete and Assembled in the United States
In 2022, the amount of watch movements; complete and assembleds exported from the United States declined dramatically to 2.9M units, shrinking by -21.4% compared with the year before. Overall, total exports indicated tangible growth from 2019 to 2022: its volume increased at an average annual rate of +4.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 93% against the previous year. As a result, the exports reached the peak of 3.7M units, and then shrank markedly in the following year.
In value terms, watch movements; complete and assembled exports shrank to $26M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 63% against the previous year. As a result, the exports attained the peak of $29M, and then contracted in the following year.
| Export of Watch Movements; Complete and Assembled in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 1.4 | 3.1 | 6.0 | 12.1 | 105.2% |
| Switzerland | 10.2 | 6.9 | 6.6 | 6.8 | -12.6% |
| United Kingdom | 0.3 | 0.5 | 1.3 | 1.3 | 63.0% |
| Germany | 0.8 | 0.2 | 0.6 | 1.1 | 11.2% |
| Canada | 1.8 | 0.6 | 0.8 | 0.9 | -20.6% |
| South Korea | 0.4 | 0.6 | 0.5 | 0.6 | 14.5% |
| Greece | N/A | N/A | N/A | 0.2 | 0% |
| China | 0.2 | 0.5 | 0.6 | 0.2 | 0.0% |
| Japan | 0.9 | 0.6 | 0.1 | 0.1 | -51.9% |
| Dominican Republic | 0.6 | 0.1 | 0.1 | N/A | -59.2% |
| France | 0.4 | 0.3 | 0.1 | N/A | -50.0% |
| Others | 2.9 | 4.4 | 12.1 | 2.8 | -1.2% |
| Total | 20.0 | 17.7 | 28.9 | 26.2 | 9.4% |
Top Export Markets for Watch Movements; Complete and Assembled from the United States in 2022:
- Switzerland (1000.3K units)
- Hong Kong SAR (820.9K units)
- Germany (277.6K units)
- United Kingdom (207.7K units)
- South Korea (89.7K units)
- China (74.3K units)
- Greece (51.0K units)
- Canada (47.4K units)
- Japan (18.4K units)
- Dominican Republic (9.5K units)
- France (5.6K units)
Imports of Watch Movements; Complete and Assembled in the United States
In 2022, imports of watch movements; complete and assembleds into the United States surged to 469K units, picking up by 19% against the previous year's figure. Over the period under review, imports, however, showed a perceptible curtailment. Imports peaked at 521K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, watch movements; complete and assembled imports skyrocketed to $33M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.5% 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 +62.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Watch Movements; Complete and Assembled in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 23.5 | 18.9 | 21.7 | 29.6 | 8.0% |
| Hong Kong SAR | N/A | N/A | 1.1 | 1.5 | 36.4% |
| Germany | 0.8 | N/A | 0.6 | 0.9 | 4.0% |
| Japan | 1.1 | 0.8 | 0.7 | 0.7 | -14.0% |
| China | 0.5 | 0.3 | 0.2 | 0.2 | -26.3% |
| Thailand | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.4 | 0.4 | 0.3 | 44.2% |
| Total | 26.0 | 20.5 | 24.7 | 33.3 | 8.6% |
Top Suppliers of Watch Movements; Complete and Assembled to the United States in 2022:
- Switzerland (329.9K units)
- Japan (76.6K units)
- Thailand (17.2K units)
- Hong Kong SAR (15.6K units)
- China (14.8K units)
- Germany (8.7K units)
381
This report provides an in-depth analysis of the assembled watch movements market in the USA.
380
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
381
This report provides an in-depth analysis of the assembled watch movements market in the USA.
380
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.
