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

Contents:

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

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

The average import price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $18 per unit in 2022, waning by -36.1% against the previous year. Over the period under review, the import price recorded a abrupt descent. The pace of growth was the most pronounced in 2016 an increase of 162%. As a result, import price attained the peak level of $87 per unit. From 2017 to 2022, the average import prices remained at a lower figure.

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 China ($60 per unit), while the price for Thailand ($4.6 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 (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $27 per unit in 2022, shrinking by -71.7% against the previous year. Over the period under review, the export price, however, continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 238% against the previous year. As a result, the export price attained the peak level of $187 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($88 per unit), while the average price for exports to Poland ($5.6 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 the UK (+37.8%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports of watches; complete movements, unassembled or partly assembled (movement sets) into Austria skyrocketed to 10K units in 2022, growing by 2,461% against the previous year's figure. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) surged to $187K in 2022. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Switzerland (9.3K units)
2. Japan (0.5K units)
3. Thailand (0.3K units)

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

In 2022, exports of watches; complete movements, unassembled or partly assembled (movement sets) from Austria surged to 68 units, rising by 209% compared with the year before. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) dropped to $1.8K in 2022. Over the period under review, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, the exports of hit record highs at $2.7K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

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

1. Poland (50.0 units)
2. United States (10.0 units)
3. United Kingdom (4.0 units)
4. Switzerland (3.0 units)

Source: IndexBox Market Intelligence Platform