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

Contents:

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

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

The average watches; incomplete movements, assembled export price stood at $7.9 per unit in 2022, dropping by -93.6% against the previous year. In general, the export price recorded a sharp reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 293% against the previous year. The export price peaked at $596 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 the United States amounted to -20.2% per year.

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

In 2022, the average watches; incomplete movements, assembled import price amounted to $5.3 per unit, flattening at the previous year. Over the period under review, the import price continues to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 458% against the previous year. The import price peaked at $3,630 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($3,270 per unit), while the price for the United States stood at $3.2 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Watches; Incomplete Movements, Assembled in Portugal

In 2022, watches; incomplete movements, assembled exports from Portugal soared to 12 units, increasing by 1,100% against 2021 figures. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, watches; incomplete movements, assembled exports dropped remarkably to $95 in 2022. In general, exports, however, showed a sharp descent. The exports peaked at $124 in 2021, and then contracted dramatically in the following year.

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

1. United States (12.0 units)

Imports of Watches; Incomplete Movements, Assembled in Portugal

In 2022, watches; incomplete movements, assembled imports into Portugal stood at 12 units, leveling off at 2021. Overall, imports posted a significant increase. The smallest decline of -50% was in 2020. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, watches; incomplete movements, assembled imports totaled $63 in 2022. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 212% against the previous year. As a result, imports attained the peak of $156. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

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

1. United States (12.0 units)

Source: IndexBox Market Intelligence Platform