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

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

The average watches; incomplete movements, assembled import price stood at $752 per unit in 2022, approximately reflecting the previous year. Overall, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 an increase of 792%. 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 2012 to 2022, the rate of growth in terms of prices for China amounted to +70.9% per year.

Imports of Watches; Incomplete Movements, Assembled in Nepal

In 2022, overseas purchases of watches; incomplete movements, assembleds decreased by 0% to 13 units for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, watches; incomplete movements, assembled imports totaled $9.8K in 2022. In general, imports continue to indicate a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.