Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Vietnam - 2022
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Vietnam (CIF) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Vietnam (FOB) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Vietnam
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Vietnam
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Vietnam (CIF) - 2022
In 2022, the average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $1,206 per unit, reducing by -2.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 90%. As a result, import price attained the peak level of $2,247 per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Switzerland ($1,208 per unit) and China ($1,206 per unit), while the price for Japan ($1,197 per unit) and Thailand ($1,205 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.6%), while the prices for the other major suppliers experienced a decline.
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Vietnam (FOB) - 2022
The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $2,497 per unit in 2022, declining by -2.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2014 an increase of 29%. As a result, the export price reached the peak level of $2,634 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($2,664 per unit), while the average price for exports to the United Arab Emirates ($387 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 Switzerland (+4.8%), 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 Vietnam
In 2022, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings into Vietnam expanded sharply to 20K units, with an increase of 14% against the previous year's figure. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 116%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings expanded sharply to $25M in 2022. The total import value increased at an average annual rate of +11.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 14.0 | 14.3 | 17.8 | 20.7 | 13.9% |
| China | 3.0 | 3.5 | 2.8 | 1.8 | -15.7% |
| Thailand | N/A | N/A | 0.6 | 1.3 | 116.7% |
| Japan | 0.6 | 0.4 | 0.7 | 0.3 | -20.6% |
| Others | 0.4 | 0.2 | 0.4 | 0.5 | 7.7% |
| Total | 18.0 | 18.4 | 22.2 | 24.7 | 11.1% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Vietnam in 2022:
- Switzerland (17.2K units)
- China (1.5K units)
- Thailand (1.1K units)
- Japan (0.3K units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Vietnam
In 2022, approx. 323 units of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings were exported from Vietnam; increasing by 95% compared with the previous year. Overall, exports recorded a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 237% against the previous year. As a result, the exports reached the peak of 902 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings surged to $807K in 2022. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 236%. As a result, the exports reached the peak of $2M. 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 Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 198 | 1,918 | 170 | 560 | 41.4% |
| Singapore | 354 | 39.8 | 232 | 126 | -29.1% |
| Ireland | N/A | N/A | N/A | 71.9 | 0% |
| United Arab Emirates | N/A | 0.1 | 0.5 | 5.8 | 661.6% |
| Others | 42.0 | 37.1 | 24.1 | 42.7 | 0.6% |
| Total | 594 | 1,995 | 427 | 807 | 10.8% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Vietnam in 2022:
- Hong Kong SAR (211.0 units)
- Singapore (48.0 units)
- Ireland (27.0 units)
- United Arab Emirates (15.0 units)
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