Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Mexico - 2023
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Mexico (CIF) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Mexico (FOB) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Mexico
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Mexico
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Mexico (CIF) - 2022
The average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $1,035 per unit in 2022, picking up by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2013 an increase of 27% against the previous year. Over the period under review, average import prices reached the peak figure at $1,110 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 ($2,619 per unit), while the price for China ($40 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+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 Mexico (FOB) - 2022
The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $2,389 per unit in 2022, increasing by 28% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 58%. As a result, the export price attained the peak level of $2,696 per unit. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($3,897 per unit), while the average price for exports to the United States totaled $1,529 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+12.5%).
Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Mexico
In 2022, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings into Mexico soared to 149K units, picking up by 19% compared with the previous year. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +8.9% 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 +70.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 43% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings surged to $154M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.3% 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 +93.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 103 | 75.8 | 113 | 147 | 12.6% |
| Japan | 2.9 | 1.4 | 2.3 | 5.5 | 23.8% |
| China | 2.1 | 2.0 | 2.2 | 1.6 | -8.7% |
| Others | 0.7 | 0.4 | N/A | 0.1 | -47.7% |
| Total | 109 | 79.6 | 117 | 154 | 12.2% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Mexico in 2022:
- Switzerland (56.0K units)
- Japan (50.5K units)
- China (40.7K units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Mexico
In 2022, approx. 895 units of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings were exported from Mexico; shrinking by -63.7% on the year before. Overall, exports saw a significant decline. The pace of growth appeared the most rapid in 2021 with an increase of 3.2% against the previous year. Over the period under review, the exports of reached the maximum at 2.8K 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 fell sharply to $2.1M in 2022. In general, exports faced a precipitous decline. The pace of growth was the most pronounced in 2020 when exports increased by 2.7%. As a result, the exports attained the peak of $5.9M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 3.4 | 3.8 | 2.1 | 1.3 | -27.4% |
| United States | 2.3 | 2.2 | 2.5 | 0.9 | -26.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.8 | 5.9 | 4.6 | 2.1 | -28.7% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Mexico in 2022:
- United States (570.0 units)
- Switzerland (325.0 units)
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