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

Contents:

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

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

The average import price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $12 per unit in 2022, flattening at the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for watches; complete movements, unassembled or partly assembled (movement sets) increased by +43.4% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 44%. The import price peaked at $14 per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Switzerland.

From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to +4.1% per year.

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

The average export price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $20 per unit in 2022, declining by -17.1% against the previous year. In general, the export price showed a deep setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 62% against the previous year. The export price peaked at $46 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($27 per unit), while the average price for exports to Canada ($14 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 (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, purchases abroad of watches; complete movements, unassembled or partly assembled (movement sets) increased by 83% to 105K units for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) skyrocketed to $1.2M in 2022. Overall, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Switzerland (104.8K units)

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

In 2022, approx. 38K units of watches; complete movements, unassembled or partly assembled (movement sets) were exported from the United States; waning by -57.7% compared with the previous year. Overall, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 113%. As a result, the exports reached the peak of 89K units, and then shrank sharply in the following year.

In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) declined markedly to $774K in 2022. Over the period under review, exports showed a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 80% against the previous year. As a result, the exports reached the peak of $2.2M, and then shrank rapidly in the following year.

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

1. Switzerland (15.8K units)
2. Mexico (8.8K units)
3. Hong Kong SAR (5.9K units)
4. Canada (3.4K units)
5. United Kingdom (2.5K units)
6. Italy (0.7K units)
7. Japan (0.1K units)

Source: IndexBox Market Intelligence Platform