Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Austria - 2023

Contents:

1. Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Austria (CIF) - 2022
2. Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Austria (FOB) - 2023
3. Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Austria
4. Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Austria

Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Austria (CIF) - 2022

The average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $1,665 per unit in 2022, growing by 43% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $2,217 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Switzerland ($4,696 per unit), while the price for China ($72 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Austria (FOB) - 2023

In October 2023, the average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $3,613 per unit, surging by 98% against the previous month. Over the period under review, the export price saw a slight expansion. Over the period under review, the average export prices attained the peak figure at $4,381 per unit in June 2023; afterwards, it flattened through to October 2023.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Hong Kong SAR ($7,924 per unit), while the average price for exports to the UK ($1,244 per unit) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.8%), 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 Austria

In 2022, after three years of growth, there was significant decline in purchases abroad of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings, when their volume decreased by -28.3% to 76K units. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year. Imports peaked at 107K units in 2021, and then shrank dramatically in the following year.

In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings rose modestly to $127M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Austria in 2022:

1. Germany (22.8K units)
2. Switzerland (18.0K units)
3. China (13.1K units)
4. Italy (6.0K units)
5. France (4.0K units)
6. Thailand (3.3K units)
7. Hong Kong SAR (3.1K units)

Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Austria

In 2022, approx. 22K units of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings were exported from Austria; growing by 4.7% compared with the previous year's figure. The total export volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings fell slightly to $50M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 51%. As a result, the exports attained the peak of $52M, and then fell slightly in the following year.

Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Austria in 2022:

1. Greece (4.1K units)
2. Poland (3.6K units)
3. Switzerland (3.6K units)
4. Hong Kong SAR (2.2K units)
5. United Kingdom (1.4K units)
6. United States (1.1K units)
7. Czech Republic (1.1K units)
8. Slovakia (1.0K units)
9. Germany (0.4K units)
10. Slovenia (0.3K units)
11. Liechtenstein (0.2K units)
12. Belarus (0.1K units)

Source: IndexBox Market Intelligence Platform