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

Contents:

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

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

The average import price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $39 per unit in 2022, shrinking by -20.4% against the previous year. In general, the import price, however, saw a measured increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 62%. As a result, import price attained the peak level of $49 per unit, and then reduced notably in the following year.

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 ($88 per unit), while the price for China ($7.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $4.4 per unit, picking up by 25% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 147%. As a result, the export price reached the peak level of $8.4 per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($12 per unit), while the average price for exports to Poland ($3.2 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 Netherlands (+27.6%), 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 Germany

After two years of decline, supplies from abroad of watches; complete movements, unassembled or partly assembled (movement sets) increased by 15% to 16K units in 2022. In general, imports, however, showed a dramatic shrinkage. Over the period under review, imports of attained the peak figure at 36K 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) contracted to $634K in 2022. Overall, imports, however, faced a abrupt decline. Imports peaked at $1.1M 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 Germany in 2022:

1. Japan (6.8K units)
2. Switzerland (5.9K units)
3. China (2.7K units)
4. Hong Kong SAR (0.5K units)

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

In 2022, exports of watches; complete movements, unassembled or partly assembled (movement sets) from Germany shrank remarkably to 4.1K units, reducing by -93.3% on the year before. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 963%. As a result, the exports attained the peak of 61K units, and then dropped dramatically in the following year.

In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) reduced remarkably to $18K in 2022. Over the period under review, exports showed a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 918%. As a result, the exports reached the peak of $215K, and then shrank sharply in the following year.

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

1. Poland (2057.0 units)
2. Netherlands (1377.0 units)
3. Austria (330.0 units)
4. Switzerland (186.0 units)
5. Belgium (102.0 units)

Source: IndexBox Market Intelligence Platform