Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Hungary - 2023
Contents:
- Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Hungary (CIF) - 2022
- Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Hungary (FOB) - 2022
- Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Hungary
- Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Hungary
Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Hungary (CIF) - 2022
In 2022, the average import price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $1.4 per unit, reducing by -8.9% against the previous year. In general, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of 79% against the previous year. As a result, import price attained the peak level of $9.7 per unit. From 2017 to 2022, the average import prices remained at a somewhat 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 ($3 per unit), while the price for Thailand ($0.2 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 (-7.1%), while the prices for the other major suppliers experienced a decline.
Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Hungary (FOB) - 2022
In 2022, the average export price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $42 per unit, picking up by 175% against the previous year. In general, the export price continues to indicate a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Romania.
From 2015 to 2022, the rate of growth in terms of prices for Romania amounted to +176.0% per year.
Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Hungary
Imports of watches; complete movements, unassembled or partly assembled (movement sets) into Hungary surged to 30K units in 2022, increasing by 162% against 2021 figures. In general, imports continue to indicate significant growth. 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 $44K in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.0 | 7.0 | 14.0 | 34.3 | 224.9% |
| Japan | N/A | N/A | 0.6 | 7.0 | 1066.7% |
| Thailand | N/A | N/A | N/A | 1.2 | 0% |
| Hong Kong SAR | 10.9 | 0.5 | N/A | 0.1 | -79.1% |
| Germany | N/A | 2.5 | 2.4 | N/A | -4.0% |
| Others | 0.1 | 1.6 | 1.2 | 1.1 | 122.4% |
| Total | 12.0 | 11.5 | 18.3 | 43.6 | 53.7% |
Top Suppliers of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) to Hungary in 2022:
- Japan (13.8K units)
- China (11.4K units)
- Thailand (4.7K units)
- Hong Kong SAR (0.1K units)
Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Hungary
In 2022, after two years of growth, there was significant decline in shipments abroad of watches; complete movements, unassembled or partly assembled (movement sets), when their volume decreased by -49.7% to 393 units. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 25,933%. As a result, the exports reached the peak of 781 units, and then fell sharply in the following year.
In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) surged to $17K in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 13,034% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Romania | N/A | 12.0 | 16.6 | 38.3% | |
| Others | 0.1 | N/A | N/A | 0% | |
| Total | 0.1 | 12.0 | 16.6 | 1188.4% | |
Top Export Markets for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) from Hungary in 2022:
- Romania (392.0 units)
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This report provides an in-depth analysis of the rough watch movements market in Hungary.
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