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

Contents:

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

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

In 2022, the average export price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $280 per unit, declining by -31.4% against the previous year. Overall, the export price, however, recorded a prominent increase. The growth pace was the most rapid in 2021 an increase of 199%. As a result, the export price reached the peak level of $408 per unit, and then shrank notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($1,143 per unit), while the average price for exports to Romania ($13 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 France (+38.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $10 per unit in 2022, with a decrease of -18.8% against the previous year. Over the period under review, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2013 an increase of 214%. As a result, import price attained the peak level of $42 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,927 per unit), while the price for China ($3.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+51.2%), 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 the UK

Exports of watches; complete movements, unassembled or partly assembled (movement sets) from the UK dropped markedly to 5K units in 2022, waning by -69% against the previous year's figure. In general, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. As a result, the exports attained the peak of 16K units, and then reduced dramatically in the following year.

In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) declined dramatically to $1.4M in 2022. Overall, exports, however, recorded a notable increase. The pace of growth was the most pronounced in 2021 with an increase of 303%. As a result, the exports attained the peak of $6.6M, and then shrank dramatically in the following year.

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

1. Germany (938.0 units)
2. Hong Kong SAR (804.0 units)
3. Ireland (660.0 units)
4. United States (441.0 units)
5. Qatar (331.0 units)
6. Romania (308.0 units)
7. Macao SAR (305.0 units)
8. Sweden (228.0 units)
9. Switzerland (216.0 units)
10. Canada (208.0 units)
11. Denmark (178.0 units)
12. France (138.0 units)
13. Japan (47.0 units)

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

In 2022, approx. 6.5K units of watches; complete movements, unassembled or partly assembled (movement sets) were imported into the UK; falling by -54.7% compared with 2021 figures. Overall, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 54%. As a result, imports reached the peak of 14K units, and then fell rapidly in the following year.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) contracted significantly to $68K in 2022. In general, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 144%. As a result, imports attained the peak of $185K, and then declined remarkably in the following year.

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

1. Switzerland (4.3K units)
2. China (1.1K units)
3. South Korea (0.6K units)
4. Japan (0.5K units)

Source: IndexBox Market Intelligence Platform