Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Singapore - 2022
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Singapore (CIF) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Singapore (FOB) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Singapore
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Singapore
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Singapore (CIF) - 2022
The average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $1,080 per unit in 2022, surging by 47% against the previous year. Overall, the import price enjoyed a buoyant increase. The growth pace was the most rapid in 2014 when the average import price increased by 60%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
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 ($2,804 per unit), while the price for China ($33 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.0%), 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 Singapore (FOB) - 2022
In 2022, the average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $1,033 per unit, rising by 20% against the previous year. Over the period under review, the export price saw significant growth. The growth pace was the most rapid in 2017 an increase of 196%. Over the period under review, the average export prices hit record highs at $1,185 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($5,779 per unit), while the average price for exports to Indonesia ($188 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 Malaysia (+44.1%), 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 Singapore
In 2022, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings into Singapore contracted to 412K units, which is down by -11.4% compared with 2021 figures. Over the period under review, imports saw a deep reduction. The growth pace was the most rapid in 2021 with an increase of 2.8%. Over the period under review, imports of reached the peak figure at 660K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings soared to $445M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.9% 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 +93.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 270 | 209 | 315 | 417 | 15.6% |
| Japan | 3.6 | 5.4 | 7.1 | 7.2 | 26.0% |
| Hong Kong SAR | 2.2 | 3.4 | 4.9 | 5.4 | 34.9% |
| China | 4.8 | 1.8 | 2.2 | 4.7 | -0.7% |
| Germany | 1.9 | 1.6 | 3.1 | 2.5 | 9.6% |
| Others | 10.8 | 8.8 | 10.5 | 7.4 | -11.8% |
| Total | 293 | 230 | 343 | 445 | 14.9% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Singapore in 2022:
- Switzerland (148.8K units)
- China (144.8K units)
- Hong Kong SAR (66.0K units)
- Japan (22.0K units)
- Germany (8.0K units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Singapore
In 2022, after three years of growth, there was decline in shipments abroad of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings, when their volume decreased by -3.6% to 211K units. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 84% against the previous year. As a result, the exports reached the peak of 219K units, and then dropped modestly in the following year.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings skyrocketed to $218M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 33.8 | 24.9 | 37.8 | 57.0 | 19.0% |
| Malaysia | 26.6 | 24.8 | 33.0 | 38.8 | 13.4% |
| Australia | 24.5 | 20.1 | 30.1 | 37.6 | 15.3% |
| Hong Kong SAR | 17.8 | 22.0 | 28.3 | 21.9 | 7.2% |
| Indonesia | 2.7 | 6.1 | 22.0 | 21.5 | 99.7% |
| Vietnam | 4.9 | 2.5 | 4.4 | 6.1 | 7.6% |
| Japan | 4.4 | 4.2 | 8.6 | 5.0 | 4.4% |
| Others | 17.7 | 24.8 | 23.7 | 29.6 | 18.7% |
| Total | 133 | 129 | 188 | 218 | 17.9% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Singapore in 2022:
- Indonesia (114.1K units)
- Vietnam (24.6K units)
- Hong Kong SAR (16.3K units)
- Malaysia (15.9K units)
- Thailand (9.9K units)
- Australia (8.4K units)
- Japan (8.0K units)
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