Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in South Africa - 2024
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in South Africa (FOB) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in South Africa (CIF) - 2022
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in South Africa
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in South Africa
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in South Africa (FOB) - 2022
The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $14,795 per unit in 2022, dropping by -39.2% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 132% against the previous year. The export price peaked at $24,332 per unit in 2021, and then contracted notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($19,310 per unit), while the average price for exports to Seychelles ($7.3 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 United States (+270.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in South Africa (CIF) - 2022
In 2022, the average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $118 per unit, which is down by -11.1% against the previous year. In general, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2019 an increase of 49%. The import price peaked at $269 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($2,407 per unit), while the price for China ($8.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.8%), while the prices for the other major suppliers experienced a decline.
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in South Africa
For the fourth consecutive year, South Africa recorded growth in overseas shipments of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings, which increased by 230% to 884 units in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 458% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings skyrocketed to $13M in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 660%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | N/A | 5,306 | 10,930 | 106.0% |
| Singapore | N/A | N/A | 234 | 783 | 234.6% |
| United States | 27.0 | 119 | 357 | 531 | 169.9% |
| Switzerland | 213 | 567 | 160 | 247 | 5.1% |
| United Arab Emirates | N/A | 0.3 | 10.0 | 243 | 2746.0% |
| United Kingdom | 27.1 | N/A | 7.2 | 155 | 78.8% |
| Germany | N/A | N/A | 178 | 21.6 | -87.9% |
| Seychelles | N/A | N/A | N/A | 0.1 | 0% |
| Others | 223 | 172 | 270 | 169 | -8.8% |
| Total | 491 | 858 | 6,521 | 13,079 | 198.7% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from South Africa in 2022:
- Hong Kong SAR (566.0 units)
- Singapore (89.0 units)
- United Arab Emirates (39.0 units)
- United States (38.0 units)
- Switzerland (27.0 units)
- Seychelles (20.0 units)
- United Kingdom (13.0 units)
- Germany (3.0 units)
Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in South Africa
In 2022, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings into South Africa skyrocketed to 97K units, with an increase of 54% compared with 2021. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 184% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings soared to $11M in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 174%. Over the period under review, imports of attained the peak figure 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 South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 5.1 | 2.5 | 7.1 | 9.9 | 24.7% |
| China | 0.2 | 0.2 | 0.5 | 0.7 | 51.8% |
| Hong Kong SAR | 0.1 | N/A | 0.2 | 0.3 | 44.2% |
| Others | 0.3 | 0.3 | 0.6 | 0.6 | 26.0% |
| Total | 5.6 | 3.1 | 8.4 | 11.5 | 27.1% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to South Africa in 2022:
- China (83.9K units)
- Hong Kong SAR (7.2K units)
- Switzerland (4.1K units)
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