Eastern Asia: Rough Watch Movements Market 2024

Rough Watch Movements Market Size in Eastern Asia

The East Asian rough watch movements market reduced to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a slight reduction. The pace of growth was the most pronounced in 2018 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Rough Watch Movements Production in Eastern Asia

In value terms, rough watch movements production reached $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Rough Watch Movements Exports

Exports in Eastern Asia

In 2022, overseas shipments of rough watch movements increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, rough watch movements exports fell markedly to $X in 2022. Overall, exports continue to indicate strong growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units) represented roughly X% of total exports in 2022.

China was also the fastest-growing in terms of the rough watch movements exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest rough watch movements supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, dropping by X% against the previous year. Overall, the export price recorded a noticeable setback. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Rough Watch Movements Imports

Imports in Eastern Asia

In 2022, purchases abroad of rough watch movements decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. The volume of import peaked at X units in 2021, and then dropped slightly in the following year.

In value terms, rough watch movements imports declined to $X in 2022. Overall, imports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then reduced in the following year.

Imports by Country

China dominates imports structure, amounting to X units, which was near X% of total imports in 2022. It was distantly followed by Democratic People's Republic of Korea (X units), committing a X% share of total imports. Macao SAR (X units) took a little share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Democratic People's Republic of Korea (X%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Macao SAR experienced a relatively flat trend pattern. While the share of China (X p.p.), Democratic People's Republic of Korea (X p.p.) and Macao SAR (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported rough watch movements in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Democratic People's Republic of Korea ($X), with a X% share of total imports.

In China, rough watch movements imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Democratic People's Republic of Korea (X% per year) and Macao SAR (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price saw a deep setback. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Democratic People's Republic of Korea ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (X%).

Source: IndexBox Platform

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