Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Australia - 2023

Contents:

1. Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Australia (FOB) - 2022
2. Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Australia (CIF) - 2022
3. Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Australia
4. Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Australia

Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Australia (FOB) - 2022

The average export price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $35 per unit in 2022, shrinking by -11.6% against the previous year. Overall, the export price showed a slight contraction. The growth pace was the most rapid in 2020 an increase of 43% against the previous year. The export price peaked at $48 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($35 per unit) and Switzerland ($35 per unit), while the average price for exports to Singapore ($35 per unit) and Germany ($35 per unit) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-2.0%).

Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Australia (CIF) - 2022

The average import price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $4.4 per unit in 2022, with a decrease of -14.6% against the previous year. In general, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 43%. As a result, import price reached the peak level of $13 per unit. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($173 per unit), while the price for Hong Kong SAR ($2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Australia

In 2022, approx. 19K units of watches; complete movements, unassembled or partly assembled (movement sets) were exported from Australia; reducing by -59.5% against 2021. Over the period under review, exports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of 225%. As a result, the exports attained the peak of 47K units, and then fell dramatically in the following year.

In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) reduced dramatically to $674K in 2022. In general, exports, however, continue to indicate a slight expansion. The growth pace was the most rapid in 2021 with an increase of 204% against the previous year. As a result, the exports attained the peak of $1.9M, and then declined significantly in the following year.

Top Export Markets for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) from Australia in 2022:

1. Hong Kong SAR (11.7K units)
2. Switzerland (5.3K units)
3. Germany (1.2K units)
4. Singapore (0.8K units)

Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Australia

In 2022, the amount of watches; complete movements, unassembled or partly assembled (movement sets) imported into Australia reduced notably to 15K units, which is down by -45.5% on the previous year's figure. Overall, imports showed a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 78% against the previous year. As a result, imports attained the peak of 27K units, and then reduced remarkably in the following year.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) fell markedly to $65K in 2022. Over the period under review, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Over the period under review, imports of reached the maximum at $163K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) to Australia in 2022:

1. Hong Kong SAR (9.8K units)
2. Thailand (3.0K units)
3. Switzerland (1.0K units)
4. Taiwan (Chinese) (0.4K units)
5. China (0.3K units)
6. United States (0.2K units)

Source: IndexBox Market Intelligence Platform