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

Price for Watches; Incomplete Movements, Assembled in Lithuania (CIF) - 2023

The average watches; incomplete movements, assembled import price stood at $23,893 per unit in September 2023, with a decrease of -27.2% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 78% m-o-m. As a result, import price reached the peak level of $37,682 per unit; afterwards, it flattened through to September 2023.

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

From September 2022 to September 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per month.

Imports of Watches; Incomplete Movements, Assembled in Lithuania

In 2022, overseas purchases of watches; incomplete movements, assembleds decreased by -74.1% to 53 units, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 24,300% against the previous year. As a result, imports attained the peak of 244 units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, watches; incomplete movements, assembled imports expanded modestly to $1M in 2022. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 477,518%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Import of Watches; Incomplete Movements, Assembled in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	0.2	488	618	1,035	1629.7%
United Kingdom	N/A	N/A	N/A	0.5	0%
Hong Kong SAR	N/A	264	327	N/A	23.9%
China	N/A	50.1	53.0	N/A	5.8%
Others	N/A	N/A	N/A	N/A	0%
Total	0.2	802	999	1,035	1629.7%