Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Oman - 2022
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Oman (CIF) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Oman (FOB) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Oman
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Oman
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Oman (CIF) - 2022
In 2022, the average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $1,775 per unit, increasing by 44% against the previous year. Over the period under review, 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($2,230 per unit), while the price for the Netherlands ($356 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+16.3%), 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 Oman (FOB) - 2022
The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $2,644 per unit in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 271%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($2,654 per unit), while the average price for exports to the United Arab Emirates amounted to $2,650 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+378.4%), 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 Oman
In 2022, the amount of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings imported into Oman fell to 17K units, shrinking by -13% against the previous year's figure. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +6.6% 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 +53.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 77%. As a result, imports attained the peak of 19K units, and then declined in the following year.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings skyrocketed to $29M in 2022. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 70%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.1 | 5.5 | 9.7 | 23.9 | 179.0% |
| Switzerland | 15.4 | 7.5 | 11.5 | 3.5 | -39.0% |
| Turkey | N/A | 0.1 | 0.3 | 0.9 | 200.0% |
| Netherlands | N/A | N/A | 0.3 | 0.6 | 100.0% |
| Qatar | 0.4 | 0.4 | 1.4 | 0.3 | -9.1% |
| United States | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Others | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| Total | 17.0 | 13.7 | 23.4 | 29.4 | 20.0% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Oman in 2022:
- United Arab Emirates (10.7K units)
- Switzerland (2.5K units)
- Netherlands (1.7K units)
- Turkey (0.7K units)
- United States (0.4K units)
- Qatar (0.3K units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Oman
In 2022, the amount of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings exported from Oman declined sharply to 464 units, dropping by -55% against the previous year's figure. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 10,200%. As a result, the exports reached the peak of 1K units, and then shrank remarkably in the following year.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings fell dramatically to $1.2M in 2022. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 10,571% against the previous year. As a result, the exports reached the peak of $2.7M, and then fell rapidly in the following year.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 7.1 | N/A | 651 | 815 | 386.0% |
| United Arab Emirates | N/A | N/A | 0.6 | 411 | 68400.0% |
| Hong Kong SAR | N/A | N/A | 80.1 | N/A | 0% |
| Free Zones | N/A | N/A | 134 | N/A | 0% |
| Italy | N/A | N/A | 1,819 | N/A | 0% |
| Qatar | 181 | 25.4 | 21.5 | N/A | -65.5% |
| Others | 0.7 | N/A | 0.3 | 1.2 | 19.7% |
| Total | 189 | 25.4 | 2,706 | 1,227 | 86.5% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Oman in 2022:
- Switzerland (307.0 units)
- United Arab Emirates (155.0 units)
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