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

Contents:

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

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

The average import price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $0.7 per unit in 2022, which is down by -93.9% against the previous year. Over the period under review, the import price faced a significant decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 7,138% against the previous year. As a result, import price reached the peak level of $44 per unit. From 2016 to 2022, the average import prices failed to regain momentum.

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 Germany ($4 per unit), while the price for China stood at $0.7 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $7 per unit, declining by -12.5% against the previous year. Over the period under review, the export price saw a deep reduction. The export price peaked at $8 per unit in 2021, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for the Czech Republic.

From 2021 to 2022, the rate of growth in terms of prices for the Czech Republic amounted to 0.0% per year.

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

After two years of decline, overseas purchases of watches; complete movements, unassembled or partly assembled (movement sets) increased by 942% to 396 units in 2022. In general, imports, however, showed a slight shrinkage. Over the period under review, imports of reached the peak figure at 408 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) fell sharply to $296 in 2022. Over the period under review, imports, however, saw a precipitous slump. The smallest decline of -33% was in 2020. Over the period under review, imports of reached the maximum at $8.7K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. China (394.0 units)
2. Germany (2.0 units)

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

In 2022, exports of watches; complete movements, unassembled or partly assembled (movement sets) from Slovakia surged to 3 units, with an increase of 50% on the previous year's figure. Overall, total exports indicated a significant expansion from 2021 to 2022: its volume increased at an average annual rate of +50.0% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained 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) soared to $21 in 2022. The total export value increased at an average annual rate of +31.2% over the period from 2021 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Czech Republic (3.0 units)

Source: IndexBox Market Intelligence Platform