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

Contents:

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

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

The average export price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $1.9 per unit in 2022, with a decrease of -27.7% against the previous year. Over the period under review, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 an increase of 15%. Over the period under review, the average export prices attained the maximum at $3.3 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 ($6 per unit), while the average price for exports to the United States ($0.5 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 Hong Kong SAR (+33.7%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $14 per unit, with an increase of 73% against the previous year. In general, the import price, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2014 when the average import price increased by 106%. As a result, import price attained the peak level of $56 per unit. From 2015 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 Italy ($106 per unit), while the price for India ($3.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.7%), 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 Switzerland

In 2022, the amount of watches; complete movements, unassembled or partly assembled (movement sets) exported from Switzerland skyrocketed to 6M units, jumping by 28% against 2021. In general, total exports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.7% against 2020 indices. 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) contracted to $11M in 2022. Overall, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. The exports peaked at $14M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

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

1. United States (3664.4K units)
2. Thailand (1927.5K units)
3. Germany (248.1K units)
4. Italy (123.3K units)
5. Hong Kong SAR (8.9K units)
6. United Arab Emirates (1.5K units)

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

In 2022, the amount of watches; complete movements, unassembled or partly assembled (movement sets) imported into Switzerland fell remarkably to 88K units, which is down by -74.6% compared with 2021 figures. In general, imports showed a dramatic decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Imports peaked at 533K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) dropped dramatically to $1.2M in 2022. Overall, imports saw a significant contraction. The pace of growth was the most pronounced in 2021 when imports increased by 37% against the previous year. Imports peaked at $4M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

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

1. India (65.5K units)
2. United Arab Emirates (5.6K units)
3. Hong Kong SAR (5.5K units)
4. France (4.4K units)
5. United States (2.9K units)
6. Italy (2.2K units)
7. China (0.6K units)

Source: IndexBox Market Intelligence Platform