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

Contents:

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

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

The average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $2,143 per unit in 2022, surging by 47% against the previous year. In general, the import price continues to indicate temperate growth. The pace of growth appeared the most rapid in 2021 an increase of 72%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($2,218 per unit), while the price for the United States ($602 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.8%), 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 Ecuador (FOB) - 2022

In 2022, the average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $2,723 per unit, rising by 89% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 462%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Ireland.

From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to +26.5% per year.

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

In 2022, the amount of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings imported into Ecuador skyrocketed to 2K units, jumping by 20% against 2021. The total import volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 26% against the previous year. As a result, imports attained the peak of 2K units; afterwards, it flattened through to 2022.

In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings skyrocketed to $4.2M in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland9171,2162,1614,11164.9%
ChinaN/A1.43.047.7483.7%
United States73147014625.3-67.4%
Hong Kong SARN/AN/A34.50.4-98.8%
Others97.627.843.621.9-39.2%
Total1,7461,7152,3884,20634.1%

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

  1. Switzerland (1853.0 units)
  2. China (65.0 units)
  3. United States (42.0 units)
  4. Hong Kong SAR (1.0 units)

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

In 2022, the amount of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings exported from Ecuador reduced notably to 11 units, waning by -15.4% compared with the previous year's figure. In general, exports faced a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of 333%. Over the period under review, the exports of reached the maximum at 165 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings surged to $30K in 2022. Over the period under review, exports saw a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 2,334% against the previous year. Over the period under review, the exports of hit record highs at $40K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Ecuador (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IrelandN/AN/AN/A29.90%
Hong Kong SAR37.6N/AN/AN/A0%
Switzerland0.8N/A18.7N/A383.5%
United States1.2N/AN/AN/A0%
OthersN/A0.8N/AN/A0%
Total39.70.818.729.9-9.0%

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

  1. Ireland (11.0 units)

Source: IndexBox Market Intelligence Platform

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