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

Contents:

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

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

In 2022, the average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $1,021 per unit, leveling off at the previous year. Overall, the import price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the maximum at $1,029 per unit in 2021, and then fell modestly in the following year.

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 ($2,290 per unit), while the price for China ($78 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+9.0%), 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 Canada (FOB) - 2023

In December 2023, the average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $445 per unit, reducing by -73.2% against the previous month. In general, the export price faced a deep setback. The pace of growth appeared the most rapid in June 2023 an increase of 139% against the previous month. The export price peaked at $2,580 per unit in March 2023; however, from April 2023 to December 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($7,277 per unit), while the average price for exports to the United States totaled $359 per unit.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.4%).

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

Imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings into Canada expanded rapidly to 220K units in 2022, increasing by 6.4% compared with 2021. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings rose rapidly to $225M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 57%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

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

1. Switzerland (90.8K units)
2. China (81.9K units)
3. Japan (37.7K units)
4. Hong Kong SAR (3.7K units)

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

In 2022, the amount of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings exported from Canada shrank slightly to 24K units, falling by -2.2% on the previous year's figure. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +10.6% 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 +36.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 40% against the previous year. As a result, the exports reached the peak of 25K units, and then declined in the following year.

In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings reduced to $22M in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, the exports reached the peak of $25M, and then declined in the following year.

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

1. United States (22.5K units)
2. Hong Kong SAR (0.9K units)
3. Switzerland (0.6K units)

Source: IndexBox Market Intelligence Platform