Price for Watches; Incomplete Movements, Assembled in the Czech Republic - 2023

Contents:

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

Price for Watches; Incomplete Movements, Assembled in the Czech Republic (CIF) - 2022

In 2022, the average watches; incomplete movements, assembled import price amounted to $366 per unit, falling by -13.5% against the previous year. In general, the import price saw a mild shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by 20%. As a result, import price reached the peak level of $570 per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($670 per unit), while the price for Japan ($131 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Watches; Incomplete Movements, Assembled in the Czech Republic (FOB) - 2022

The average watches; incomplete movements, assembled export price stood at $290 per unit in 2022, picking up by 11% against the previous year. Overall, the export price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 127% against the previous year. As a result, the export price reached the peak level of $718 per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($570 per unit), while the average price for exports to Slovakia stood at $174 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+7.9%).

Imports of Watches; Incomplete Movements, Assembled in the Czech Republic

For the third consecutive year, the Czech Republic recorded decline in purchases abroad of watches; incomplete movements, assembleds, which decreased by -12% to 22 units in 2022. Overall, imports recorded a sharp reduction. The smallest decline of -10.7% was in 2021. Imports peaked at 47 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, watches; incomplete movements, assembled imports reduced sharply to $8.1K in 2022. In general, imports recorded a dramatic shrinkage. Imports peaked at $23K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Watches; Incomplete Movements, Assembled to the Czech Republic in 2022:

1. Japan (12.0 units)
2. Germany (8.0 units)
3. Switzerland (1.0 units)

Exports of Watches; Incomplete Movements, Assembled in the Czech Republic

In 2022, shipments abroad of watches; incomplete movements, assembleds decreased by -37.5% to 10 units, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a precipitous slump. The pace of growth appeared the most rapid in 2020 when exports increased by 17% against the previous year. As a result, the exports attained the peak of 28 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, watches; incomplete movements, assembled exports declined significantly to $2.8K in 2022. In general, exports continue to indicate a precipitous shrinkage. The smallest decline of -14.1% was in 2020. Over the period under review, the exports reached the maximum at $9.5K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Watches; Incomplete Movements, Assembled from the Czech Republic in 2022:

1. Slovakia (7.0 units)
2. Hungary (3.0 units)

Source: IndexBox Market Intelligence Platform