Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Norway - 2024

Contents:

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

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

In 2022, the average export price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $2.7 per unit, leveling off at the previous year. In general, the export price recorded a dramatic contraction. The pace of growth was the most pronounced in 2019 an increase of 8,128% against the previous year. As a result, the export price reached the peak level of $4,683 per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($29 per unit), while the average price for exports to Iceland amounted to $2.3 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-1.3%).

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

The average import price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $166 per unit in 2022, increasing by 543% against the previous year. In general, the import price enjoyed a significant increase. The import price peaked at $394 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($3,394 per unit), while the price for Taiwan (Chinese) ($13 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+73.1%), 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 Norway

After two years of decline, overseas shipments of watches; complete movements, unassembled or partly assembled (movement sets) decreased by 0% to 5.6K units in 2022. In general, exports saw significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) stood at $15K in 2022. Overall, exports showed a dramatic decline. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of attained the maximum at $89K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IcelandN/AN/AN/A12.90%
Others89.0N/AN/A2.3-70.4%
Total89.0N/AN/A15.1-44.6%

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

  1. Iceland (5.5K units)

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

In 2022, the amount of watches; complete movements, unassembled or partly assembled (movement sets) imported into Norway dropped to 82 units, which is down by -12.8% against the previous year. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 213% against the previous year. Over the period under review, imports of attained the peak figure at 146 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) skyrocketed to $14K in 2022. In general, imports, however, recorded a remarkable increase. 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 Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/AN/AN/A10.20%
SwitzerlandN/A9.2N/A1.8-55.8%
Taiwan (Chinese)N/AN/A1.90.8-57.9%
PakistanN/AN/AN/A0.50%
Austria0.40.5N/A0.1-37.0%
Hong Kong SARN/AN/A0.10.10.0%
Russia0.5N/AN/AN/A0%
China3.10.10.1N/A-82.0%
Sweden3.2N/AN/AN/A0%
United Kingdom2.60.4N/AN/A-84.6%
Others1.41.60.3N/A-53.7%
Total11.211.82.413.66.7%

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

  1. Taiwan (Chinese) (62.0 units)
  2. Switzerland (6.0 units)
  3. Hong Kong SAR (6.0 units)
  4. Pakistan (3.0 units)
  5. Netherlands (3.0 units)
  6. Austria (2.0 units)

Source: IndexBox Market Intelligence Platform

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