Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Australia - 2024
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Australia (CIF) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Australia (FOB) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Australia
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Australia
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Australia (CIF) - 2022
In 2022, the average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $1,580 per unit, waning by -4.8% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings increased by +82.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 38% against the previous year. Over the period under review, average import prices attained the maximum at $1,660 per unit in 2021, and then reduced modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,602 per unit), while the price for Hong Kong SAR ($198 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Australia (FOB) - 2022
The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $3,320 per unit in 2022, surging by 65% against the previous year. Over the period under review, the export price recorded a significant increase. The growth pace was the most rapid in 2021 an increase of 309% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($12,301 per unit), while the average price for exports to Papua New Guinea ($295 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+31.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Australia
In 2022, approx. 111K units of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings were imported into Australia; increasing by 40% on the previous year. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings surged to $175M in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 52%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 88.1 | 75.3 | 112 | 153 | 20.2% |
| China | 3.1 | 2.9 | 5.3 | 6.3 | 26.7% |
| Japan | 2.3 | 3.4 | 5.5 | 6.1 | 38.4% |
| Hong Kong SAR | 0.2 | 0.3 | 0.5 | 1.4 | 91.3% |
| Others | 3.8 | 4.9 | 8.4 | 8.0 | 28.2% |
| Total | 97.6 | 86.8 | 131 | 175 | 21.5% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Australia in 2022:
- Switzerland (71.6K units)
- Japan (24.1K units)
- Hong Kong SAR (7.3K units)
- China (2.4K units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Australia
In 2022, overseas shipments of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings decreased by -37.9% to 11K units, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 83% against the previous year. As a result, the exports attained the peak of 31K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings rose to $36M in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 134%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 5.8 | 8.7 | 25.0 | 22.5 | 57.1% |
| Switzerland | 0.2 | 1.7 | 2.3 | 3.9 | 169.2% |
| Hong Kong SAR | 2.7 | 0.7 | 4.4 | 3.8 | 12.1% |
| Singapore | 1.0 | 1.9 | 1.3 | 1.3 | 9.1% |
| United States | 0.1 | 0.2 | 0.7 | 1.2 | 128.9% |
| Fiji | 0.5 | 0.3 | 0.5 | 0.4 | -7.2% |
| Canada | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 1.0 | 1.7 | 1.3 | 3.1 | 45.8% |
| Total | 11.3 | 15.2 | 35.5 | 36.3 | 47.6% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Australia in 2022:
- New Zealand (7.3K units)
- Switzerland (1.5K units)
- Singapore (0.5K units)
- United States (0.3K units)
- Hong Kong SAR (0.3K units)
- Canada (0.2K units)
- Fiji (0.2K units)
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