Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Italy - 2023
Contents:
- Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Italy (FOB) - 2022
- Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Italy (CIF) - 2022
- Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Italy
- Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Italy
Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Italy (FOB) - 2022
The average export price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $53 per unit in 2022, reducing by -37.3% against the previous year. Over the period under review, the export price showed a mild reduction. The growth pace was the most rapid in 2017 when the average export price increased by 450%. Over the period under review, the average export prices reached the peak figure at $130 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
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 Germany ($74 per unit), while the average price for exports to Hong Kong SAR ($18 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 Germany (+0.4%), while the prices for the other major destinations experienced a decline.
Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Italy (CIF) - 2022
The average import price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $11 per unit in 2022, with an increase of 79% against the previous year. Over the period under review, the import price continues to indicate notable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 ($33 per unit), while the price for Japan ($3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Italy
Exports of watches; complete movements, unassembled or partly assembled (movement sets) from Italy surged to 12K units in 2022, with an increase of 204% compared with 2021. Overall, exports showed significant growth. As a result, the exports reached 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) skyrocketed to $617K in 2022. Over the period under review, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 286 | 225 | 262 | 428 | 14.4% |
| Hong Kong SAR | N/A | 17.8 | 24.1 | 93.2 | 128.8% |
| United Arab Emirates | 119 | N/A | N/A | N/A | 0% |
| Others | 6.1 | 55.5 | 37.2 | 96.2 | 150.8% |
| Total | 411 | 298 | 323 | 617 | 14.5% |
Top Export Markets for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) from Italy in 2022:
- Switzerland (5.9K units)
- Hong Kong SAR (5.3K units)
Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Italy
In 2022, imports of watches; complete movements, unassembled or partly assembled (movement sets) into Italy soared to 49K units, increasing by 22% against 2021 figures. In general, imports, however, faced a precipitous decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Over the period under review, imports of attained the maximum at 102K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) soared to $519K in 2022. Over the period under review, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 179 | 130 | 127 | 383 | 28.9% |
| Japan | 85.7 | 48.6 | 74.6 | 73.2 | -5.1% |
| Hong Kong SAR | 4.0 | 4.4 | 5.4 | 41.6 | 118.3% |
| Thailand | 4.6 | 1.1 | 3.0 | 10.7 | 32.5% |
| China | 86.6 | 20.6 | 18.5 | 9.6 | -52.0% |
| Others | 32.2 | 7.9 | 9.4 | 0.5 | -75.1% |
| Total | 392 | 213 | 238 | 519 | 9.8% |
Top Suppliers of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) to Italy in 2022:
- Japan (24.7K units)
- Switzerland (11.7K units)
- Hong Kong SAR (8.7K units)
- China (2.5K units)
- Thailand (1.6K units)
347
This report provides an in-depth analysis of the rough watch movements market in Italy.
538
This report provides an in-depth analysis of the global rough watch movements market.
347
This report provides an in-depth analysis of the rough watch movements market in Italy.
538
This report provides an in-depth analysis of the global rough watch movements market.
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