Price for Watches; Incomplete Movements, Assembled in Australia - 2021

Price for Watches; Incomplete Movements, Assembled in Australia (CIF) - 2022

The average watches; incomplete movements, assembled import price stood at $547 per unit in 2022, growing by 75% against the previous year. Overall, the import price, however, saw a noticeable downturn. The import price peaked at $1,116 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($1,003 per unit), while the price for China ($245 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Watches; Incomplete Movements, Assembled in Australia (FOB) - 2022

The average watches; incomplete movements, assembled export price stood at $12 per unit in 2022, reducing by -25.4% against the previous year. In general, the export price continues to indicate a deep slump. Over the period under review, the average export prices hit record highs at $122 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for Switzerland amounted to -36.8% per year.

Imports of Watches; Incomplete Movements, Assembled in Australia

In 2022, after three years of growth, there was significant decline in overseas purchases of watches; incomplete movements, assembleds, when their volume decreased by -57.5% to 34 units. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 182%. Imports peaked at 80 units in 2021, and then fell notably in the following year.

In value terms, watches; incomplete movements, assembled imports reduced rapidly to $18K in 2022. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 167%. Imports peaked at $25K in 2021, and then declined dramatically in the following year.

Import of Watches; Incomplete Movements, Assembled in Australia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	0.7	4.3	2.6	11.9	157.1%
China	0.4	1.1	0.4	3.8	111.8%
Hong Kong SAR	0.2	0.5	0.2	2.7	138.1%
Germany	0.1	0.3	0.1	N/A	0.0%
United Kingdom	1.8	5.9	6.3	N/A	87.1%
United Arab Emirates	N/A	0.2	N/A	N/A	0%
Singapore	0.3	2.2	7.3	N/A	393.3%
Others	2.8	2.6	8.1	N/A	70.1%
Total	6.4	17.1	24.9	18.4	42.2%

Top Suppliers of Watches; Incomplete Movements, Assembled to Australia in 2022:

China (15.0 units)
Switzerland (12.0 units)
Hong Kong SAR (6.0 units)

Exports of Watches; Incomplete Movements, Assembled in Australia

In 2022, the amount of watches; incomplete movements, assembleds exported from Australia skyrocketed to 374 units, surging by 12,367% on the previous year. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, watches; incomplete movements, assembled exports skyrocketed to $4.6K in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.