Price for Watches; Incomplete Movements, Assembled in China - 2023
Contents:
- Price for Watches; Incomplete Movements, Assembled in China (FOB) - 2022
- Price for Watches; Incomplete Movements, Assembled in China (CIF) - 2022
- Exports of Watches; Incomplete Movements, Assembled in China
- Imports of Watches; Incomplete Movements, Assembled in China
Price for Watches; Incomplete Movements, Assembled in China (FOB) - 2022
In 2022, the average watches; incomplete movements, assembled export price amounted to $39 per unit, picking up by 35% against the previous year. Over the period under review, the export price, however, saw a deep slump. The pace of growth was the most pronounced in 2015 when the average export price increased by 161%. The export price peaked at $463 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($62 per unit), while the average price for exports to Russia ($19 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 (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Watches; Incomplete Movements, Assembled in China (CIF) - 2022
The average watches; incomplete movements, assembled import price stood at $507 per unit in 2022, reducing by -42.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 261% against the previous year. Over the period under review, average import prices reached the maximum at $2,058 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($887 per unit), while the price for Singapore ($364 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+17.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Watches; Incomplete Movements, Assembled in China
In 2022, approx. 908K units of watches; incomplete movements, assembleds were exported from China; rising by 67% compared with the year before. Over the period under review, exports continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2021 with an increase of 99%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, watches; incomplete movements, assembled exports soared to $35M in 2022. In general, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Watches; Incomplete Movements, Assembled in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 11.9 | 7.0 | 12.0 | 28.2 | 33.3% |
| Pakistan | N/A | N/A | 0.3 | 0.9 | 200.0% |
| India | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Others | 16.4 | 0.7 | 3.2 | 6.0 | -28.5% |
| Total | 28.3 | 7.7 | 15.7 | 35.4 | 7.7% |
Top Export Markets for Watches; Incomplete Movements, Assembled from China in 2022:
- Japan (842.2K units)
- India (14.9K units)
- Pakistan (14.5K units)
Imports of Watches; Incomplete Movements, Assembled in China
In 2022, supplies from abroad of watches; incomplete movements, assembleds was finally on the rise to reach 9.7K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a mild setback. Imports peaked at 10K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, watches; incomplete movements, assembled imports dropped markedly to $4.9M in 2022. Overall, imports, however, saw a dramatic downturn. Over the period under review, imports hit record highs at $21M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Watches; Incomplete Movements, Assembled in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 6.8 | 5.3 | 3.6 | 3.9 | -16.9% |
| Switzerland | 1.0 | 1.8 | 1.1 | 0.8 | -7.2% |
| Singapore | N/A | N/A | N/A | 0.1 | 0% |
| Hong Kong SAR | 11.7 | N/A | N/A | N/A | 0% |
| Others | 1.2 | 0.6 | 1.2 | 0.1 | -56.3% |
| Total | 20.7 | 7.8 | 5.8 | 4.9 | -38.1% |
Top Suppliers of Watches; Incomplete Movements, Assembled to China in 2022:
- Japan (7.8K units)
- Switzerland (1.4K units)
- Singapore (0.3K units)
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This report provides an in-depth analysis of the rough watch movements market in China.
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This report provides an in-depth analysis of the global rough watch movements market.
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This report provides an in-depth analysis of the rough watch movements market in China.
537
This report provides an in-depth analysis of the global rough watch movements market.
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