Price for Watches; Incomplete Movements, Assembled in Myanmar - 2022

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

In 2022, the average watches; incomplete movements, assembled import price amounted to $4.6 per unit, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a strong increase. The growth pace was the most rapid in 2019 an increase of 31%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2013 to 2022, the rate of growth in terms of prices for China amounted to +6.9% per year.

Imports of Watches; Incomplete Movements, Assembled in Myanmar

After two years of decline, purchases abroad of watches; incomplete movements, assembleds decreased by -50% to 232 units in 2022. Over the period under review, imports, however, posted a resilient increase. Over the period under review, imports reached the peak figure at 464 units in 2021, and then dropped sharply in the following year.

In value terms, watches; incomplete movements, assembled imports shrank notably to $1.1K in 2022. Overall, imports, however, posted significant growth. Imports peaked at $2.1K in 2021, and then fell significantly in the following year.