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

Contents:

1. Price for Watches; Incomplete Movements, Assembled in Bulgaria (CIF) - 2022
2. Imports of Watches; Incomplete Movements, Assembled in Bulgaria

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

In 2022, the average watches; incomplete movements, assembled import price amounted to $977 per unit, remaining relatively unchanged against the previous year. Over the period under review, the import price posted significant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 64% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($1,787 per unit), while the price for Switzerland stood at $105 per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+45.9%).

Imports of Watches; Incomplete Movements, Assembled in Bulgaria

For the third year in a row, Bulgaria recorded decline in purchases abroad of watches; incomplete movements, assembleds, which decreased by 0% to 2 units in 2022. In general, imports recorded a sharp downturn. The smallest decline of -36.8% was in 2020. Imports peaked at 310 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, watches; incomplete movements, assembled imports amounted to $2K in 2022. Over the period under review, imports recorded a dramatic decrease. The pace of growth was the most pronounced in 2020 with an increase of 3.6%. As a result, imports attained the peak of $5.4K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

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

1. Switzerland (1.0 units)
2. Hong Kong SAR (1.0 units)

Source: IndexBox Market Intelligence Platform