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

Contents:

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

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

In 2022, the average export price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $18 per unit, growing by 100% against the previous year. In general, the export price recorded a resilient increase. The growth pace was the most rapid in 2015 when the average export price increased by 254% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($162 per unit), while the average price for exports to Serbia ($3.1 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 the United States (+1,810.8%), 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 Turkey (CIF) - 2022

The average import price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $3.3 per unit in 2022, shrinking by -51.1% against the previous year. Overall, the import price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 229% against the previous year. As a result, import price reached the peak level of $6.7 per unit, and then declined sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($8.8 per unit), while the price for China ($2.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+26.5%), 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 Turkey

After three years of growth, shipments abroad of watches; complete movements, unassembled or partly assembled (movement sets) decreased by -76.7% to 123 units in 2022. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 2,012% against the previous year. As a result, the exports attained the peak of 528 units, and then reduced remarkably in the following year.

In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) shrank dramatically to $2.2K in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 5,098%. As a result, the exports attained the peak of $4.6K, and then fell rapidly in the following year.

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

1. Germany (90.0 units)
2. Serbia (7.0 units)
3. France (5.0 units)
4. United States (4.0 units)
5. Bosnia and Herzegovina (3.0 units)
6. Iraq (3.0 units)
7. Italy (2.0 units)
8. Australia (1.0 units)

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

In 2022, imports of watches; complete movements, unassembled or partly assembled (movement sets) into Turkey reduced remarkably to 356 units, which is down by -86.8% on 2021 figures. In general, imports continue to indicate a dramatic decline. The smallest decline of -59.6% was in 2021. Over the period under review, imports of attained the peak figure at 26K 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) contracted sharply to $1.2K in 2022. Over the period under review, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 33%. Over the period under review, imports of attained the maximum at $33K 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 Turkey in 2022:

1. China (294.0 units)
2. Japan (46.0 units)
3. Hong Kong SAR (14.0 units)

Source: IndexBox Market Intelligence Platform