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

Contents:

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

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

In 2022, the average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $750 per unit, dropping by -52.9% against the previous year. In general, the import price showed a perceptible decline. The pace of growth appeared the most rapid in 2021 an increase of 29% against the previous year. Over the period under review, average import prices hit record highs at $1,603 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 Free Zones ($13,488 per unit), while the price for Switzerland ($440 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+19.7%), 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 Panama (FOB) - 2022

In 2022, the average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $2,460 per unit, stabilizing at the previous year. In general, the export price posted a mild increase. The growth pace was the most rapid in 2013 when the average export price increased by 52% against the previous year. As a result, the export price attained the peak level of $3,111 per unit. From 2014 to 2022, the average export prices remained at a lower figure.

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 Guatemala ($6,733 per unit), while the average price for exports to Hong Kong SAR ($381 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 the Dominican Republic (+14.2%), 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 Panama

In 2022, overseas purchases of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings were finally on the rise to reach 1.3K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a precipitous curtailment. Imports peaked at 4.2K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings rose slightly to $961K in 2022. In general, imports, however, saw a precipitous curtailment. Over the period under review, imports of attained the maximum at $5.7M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

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

1. Switzerland (1226.0 units)
2. Free Zones (23.0 units)
3. United States (14.0 units)
4. Hong Kong SAR (5.0 units)

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

For the third consecutive year, Panama recorded decline in shipments abroad of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings, which decreased by 0% to 441 units in 2022. In general, exports showed a sharp decline. The smallest decline of -51.1% was in 2020. The exports peaked at 1.8K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $1.1M in 2022. Overall, exports continue to indicate a precipitous decrease. The smallest decline of -41.3% was in 2020. The exports peaked at $3.7M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Free Zones (126.0 units)
2. United States (37.0 units)
3. Hong Kong SAR (34.0 units)
4. Singapore (32.0 units)
5. Curacao (23.0 units)
6. Mexico (21.0 units)
7. El Salvador (16.0 units)
8. Guatemala (14.0 units)
9. Brazil (12.0 units)
10. Dominican Republic (12.0 units)
11. Ecuador (12.0 units)
12. Peru (10.0 units)
13. Switzerland (9.0 units)

Source: IndexBox Market Intelligence Platform