Price for Watches; Incomplete Movements, Assembled in Azerbaijan - 2023

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

In 2022, the average watches; incomplete movements, assembled import price amounted to $7.3 per unit, rising by 8.7% against the previous year. In general, the import price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2017 an increase of 94%. As a result, import price reached the peak level of $21 per unit. From 2018 to 2022, the average import prices failed to regain momentum.

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

From 2016 to 2022, the rate of growth in terms of prices for Switzerland amounted to -6.7% per year.

Imports of Watches; Incomplete Movements, Assembled in Azerbaijan

After three years of growth, overseas purchases of watches; incomplete movements, assembleds decreased by -86% to 51 units in 2022. In general, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 2,292%. Imports peaked at 363 units in 2021, and then dropped markedly in the following year.

In value terms, watches; incomplete movements, assembled imports shrank notably to $371 in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,783%. Over the period under review, imports attained the peak figure at $2.4K in 2021, and then shrank remarkably in the following year.