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

Contents:

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

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

In 2022, the average import price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $20 per unit, surging by 36% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($150 per unit), while the price for Germany ($15 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $49 per unit in 2022, with an increase of 73% against the previous year. Overall, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 265%. As a result, the export price attained the peak level of $145 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($94 per unit), while the average price for exports to Austria ($3 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+21.9%).

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

In 2022, overseas purchases of watches; complete movements, unassembled or partly assembled (movement sets) decreased by -11.9% to 601 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 334% against the previous year. Imports peaked at 682 units in 2021, and then dropped in the following year.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) surged to $12K in 2022. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 400% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

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

1. China (389.0 units)
2. Hong Kong SAR (124.0 units)
3. Germany (68.0 units)
4. Switzerland (20.0 units)

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

After two years of decline, shipments abroad of watches; complete movements, unassembled or partly assembled (movement sets) decreased by -33.3% to 4 units in 2022. Over the period under review, exports showed a dramatic descent. Over the period under review, the exports of attained the maximum at 63 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) soared to $195 in 2022. Overall, exports faced a significant contraction. Over the period under review, the exports of reached the maximum at $7K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Switzerland (2.0 units)
2. Austria (1.0 units)
3. Portugal (1.0 units)

Source: IndexBox Market Intelligence Platform