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

Contents:

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

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

The average import price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $48 per unit in 2022, with an increase of 269% against the previous year. Overall, the import price saw a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 784%. As a result, import price reached the peak level of $192 per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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 Singapore ($191 per unit), while the price for China ($12 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+304.2%), 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 Denmark (FOB) - 2022

In 2022, the average export price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $225 per unit, falling by -62.5% against the previous year. In general, the export price, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 1,082% against the previous year. The export price peaked at $600 per unit in 2021, and then dropped rapidly in the following year.

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 Australia ($1,546 per unit), while the average price for exports to Switzerland ($52 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 United States (+151.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of watches; complete movements, unassembled or partly assembled (movement sets) into Denmark fell markedly to 138 units in 2022, dropping by -54.6% compared with the previous year's figure. In general, imports showed a dramatic decline. The smallest decline of -2.6% was in 2021. Over the period under review, imports of reached the peak figure at 763 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) skyrocketed to $6.7K in 2022. Overall, imports showed a perceptible contraction. The growth pace was the most rapid in 2020 when imports increased by 73% against the previous year. As a result, imports reached the peak of $13K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. China (81.0 units)
2. Norway (41.0 units)
3. Singapore (9.0 units)
4. Hong Kong SAR (5.0 units)

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

In 2022, overseas shipments of watches; complete movements, unassembled or partly assembled (movement sets) decreased by 0% to 18 units, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a sharp curtailment. The growth pace was the most rapid in 2020 when exports increased by 5.1% against the previous year. As a result, the exports reached the peak of 124 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) dropped markedly to $4.1K in 2022. Overall, exports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2020 with an increase of 473% against the previous year. As a result, the exports reached the peak of $48K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Norway (9.0 units)
2. Canada (7.0 units)
3. Switzerland (1.0 units)
4. Australia (1.0 units)

Source: IndexBox Market Intelligence Platform