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

Contents:

  1. Price for Watches; Incomplete Movements, Assembled in Norway (CIF) - 2022
  2. Price for Watches; Incomplete Movements, Assembled in Norway (FOB) - 2022
  3. Imports of Watches; Incomplete Movements, Assembled in Norway
  4. Exports of Watches; Incomplete Movements, Assembled in Norway

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

In 2022, the average watches; incomplete movements, assembled import price amounted to $473 per unit, growing by 1,220% against the previous year. In general, the import price saw a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($497 per unit), while the price for Switzerland totaled $183 per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.7%).

Price for Watches; Incomplete Movements, Assembled in Norway (FOB) - 2022

The average watches; incomplete movements, assembled export price stood at $39,705 per unit in 2022, increasing by 58,317% against the previous year. Over the period under review, the export price showed significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +5.1% per year.

Imports of Watches; Incomplete Movements, Assembled in Norway

Watches; incomplete movements, assembled imports into Norway surged to 564 units in 2022, growing by 355% on 2021 figures. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,027%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, watches; incomplete movements, assembled imports surged to $267K in 2022. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Watches; Incomplete Movements, Assembled in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SARN/AN/AN/A2590%
Switzerland0.3N/A0.36.8183.0%
ChinaN/AN/A0.3N/A0%
Sweden2.50.53.4N/A16.6%
Others0.3N/A0.51.258.7%
Total3.10.54.4267341.6%

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

  1. Hong Kong SAR (521.0 units)
  2. Switzerland (37.0 units)

Exports of Watches; Incomplete Movements, Assembled in Norway

In 2022, approx. 1 units of watches; incomplete movements, assembleds were exported from Norway; declining by -99.5% against the year before. Overall, exports saw a dramatic slump. The growth pace was the most rapid in 2021 when exports increased by 6,900% against the previous year. As a result, the exports attained the peak of 210 units, and then dropped dramatically in the following year.

In value terms, watches; incomplete movements, assembled exports skyrocketed to $28K in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 2,256% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Export of Watches; Incomplete Movements, Assembled in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/AN/A27.90%
Sweden0.40.114.3N/A497.9%
OthersN/A0.5N/AN/A0%
Total0.40.614.327.9311.6%

Top Export Markets for Watches; Incomplete Movements, Assembled from Norway in 2022:

  1. United States (1.0 units)

Source: IndexBox Market Intelligence Platform

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