Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in China - 2023
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in China (CIF) - 2023
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in China (FOB) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in China
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in China
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in China (CIF) - 2023
The average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $1,409 per unit in December 2023, which is down by -4.9% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 an increase of 35% month-to-month. Over the period under review, average import prices attained the maximum at $1,807 per unit in May 2023; afterwards, it flattened through to December 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($1,522 per unit), while the price for Japan totaled $106 per unit.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+0.7%).
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in China (FOB) - 2022
The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $19 per unit in 2022, dropping by -9.4% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings decreased by -22.4% against 2020 indices. The growth pace was the most rapid in 2020 when the average export price increased by 39%. As a result, the export price reached the peak level of $25 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($37 per unit), while the average price for exports to India ($4.4 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 Iran (+21.4%), 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 China
In 2022, after three years of growth, there was significant decline in supplies from abroad of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings, when their volume decreased by -37% to 1.5M units. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 4.6% against the previous year. Over the period under review, imports of reached the maximum at 2.4M units in 2021, and then shrank sharply in the following year.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings plummeted to $1.9B in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value 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 +39.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. Over the period under review, imports of hit record highs at $2.4B in 2021, and then reduced markedly in the following year.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,357 | 1,859 | 2,377 | 1,898 | 11.8% |
| Japan | 13.1 | 16.3 | 14.0 | 9.5 | -10.2% |
| Others | 9.9 | 12.5 | 14.6 | 10.3 | 1.3% |
| Total | 1,380 | 1,888 | 2,406 | 1,918 | 11.6% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to China in 2022:
- Switzerland (1457.3K units)
- Japan (58.0K units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in China
In 2022, the amount of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings exported from China surged to 5.3M units, with an increase of 17% against the previous year. Over the period under review, exports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. The exports peaked at 5.9M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $102M in 2022. In general, exports, however, recorded a slight curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 18% against the previous year. The exports peaked at $106M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 72.3 | 63.3 | 58.9 | 59.4 | -6.3% |
| United States | 5.1 | 4.0 | 6.2 | 11.9 | 32.6% |
| Switzerland | 3.6 | 2.9 | 10.3 | 6.3 | 20.5% |
| Japan | 4.9 | 2.7 | 3.8 | 5.4 | 3.3% |
| Germany | 1.1 | 1.1 | 2.2 | 4.8 | 63.4% |
| United Kingdom | 1.2 | 2.9 | 3.9 | 3.7 | 45.5% |
| Iran | N/A | N/A | N/A | 1.5 | 0% |
| Saudi Arabia | 0.5 | N/A | 0.4 | 1.0 | 26.0% |
| United Arab Emirates | 9.0 | 0.2 | 1.6 | 0.6 | -59.5% |
| Malaysia | 0.4 | 0.1 | 0.3 | 0.6 | 14.5% |
| India | 0.5 | N/A | 0.2 | 0.2 | -26.3% |
| Others | 7.1 | 4.2 | 8.5 | 7.1 | 0.0% |
| Total | 106 | 81.2 | 96.2 | 102 | -1.3% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from China in 2022:
- Hong Kong SAR (3171.9K units)
- United States (373.1K units)
- Switzerland (293.1K units)
- Japan (192.0K units)
- United Kingdom (171.2K units)
- Saudi Arabia (158.4K units)
- Germany (131.2K units)
- Malaysia (119.6K units)
- Iran (117.8K units)
- India (56.6K units)
- United Arab Emirates (55.8K units)
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