Latin America and the Caribbean: Assembled Watch Movements Market 2020

Assembled Watch Movements Market Size in Latin America and the Caribbean

The revenue of the assembled watch movements market in Latin America and the Caribbean amounted to $X in 2017, coming up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The assembled watch movements consumption continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2010, when market value increased by X% y-o-y. In that year, the assembled watch movements market reached their peak level of $X. From 2011 to 2017, growth of the assembled watch movements market stood at a somewhat lower level.

Assembled Watch Movements Exports in Latin America and the Caribbean

In 2017, exports of watch movements, complete and assembled in Latin America and the Caribbean amounted to X units, increasing by X% against the previous year. The assembled watch movements exports continue to indicate a remarkable growth. The pace of growth was the most pronounced in 2015, when it surged by X% year-to-year. Over the period under review, the assembled watch movements exports reached its maximum volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, assembled watch movements exports totaled $X in 2017. The total exports indicated a mild growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the assembled watch movements exports increased by +X% against 2011 indices. Over the period under review, the assembled watch movements exports reached its peak figure level in 2017, and are likely to continue its growth in the immediate term.

Assembled Watch Movements Exports by Country in Latin America and the Caribbean

Aruba prevails in assembled watch movements exports structure, amounting to X units, which was near X% of total exports in 2017. The following exporters - Mexico (X units) and Colombia (X units) each resulted at a X% share of total exports.

Exports from Aruba increased at an average annual rate of +X% from 2007 to 2017. At the same time, Colombia (+X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Mexico (-X%) illustrated a downward trend over the same period. Mexico (X%) significantly strengthened its position in terms of the global exports, while Colombia and Aruba saw its share reduced by -X% and -X% from 2007 to 2017, respectively.

In value terms, Aruba ($X), Mexico ($X) and Colombia ($X) constituted the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

Colombia (+X% per year) experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Assembled Watch Movements Export Prices by Country in Latin America and the Caribbean

The assembled watch movements export price in Latin America and the Caribbean stood at $X per thousand units in 2017, declining by -X% against the previous year. The assembled watch movements export price continues to indicate a drastic curtailment. The pace of growth was the most pronounced in 2014, when it surged by X% year-to-year. The level of export price peaked of $X per unit in 2007; however, from 2008 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Mexico ($X per unit), while Aruba ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Mexico (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Assembled Watch Movements Imports in Latin America and the Caribbean

In 2017, imports of watch movements, complete and assembled in Latin America and the Caribbean stood at X units, growing by X% against the previous year. The assembled watch movements imports continue to indicate a temperate setback. The most prominent rate of growth was recorded in 2010, when imports increased by X% y-o-y. Over the period under review, the assembled watch movements imports reached its peak figure volume of X units in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, assembled watch movements imports totaled $X in 2017. The assembled watch movements imports continue to indicate a relatively flat trend pattern. Over the period under review, the assembled watch movements imports reached its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Assembled Watch Movements Imports by Country in Latin America and the Caribbean

Brazil prevails in assembled watch movements imports structure, amounting to X units, which was near X% of total imports in 2017. It was distantly followed by Paraguay (X units), creating X% share of total imports. Venezuela (X units) and Mexico (X units) followed a long way behind the leaders.

Brazil was also the fastest growing in terms of the watch movements, complete and assembled imports, with a CAGR of +X% from 2007 to 2017. Paraguay experienced a relatively flat trend pattern. Mexico (-X%) and Venezuela (-X%) illustrated a downward trend over the same period. While the share of Venezuela (X%) and Mexico (X%) increased significantly in terms of the global imports from 2007-2017, the share of Brazil (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported watch movements, complete and assembled in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global imports. It was followed by Paraguay, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Brazil amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (-X% per year) and Paraguay (-X% per year).

Assembled Watch Movements Import Prices by Country in Latin America and the Caribbean

In 2017, the assembled watch movements import price in Latin America and the Caribbean amounted to $X per thousand units, coming down by -X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2012, when it surged by X% year-to-year. In that year, the import prices for watch movements, complete and assembled reached their peak level of $X per thousand units. From 2013 to 2017, growth of the import prices for watch movements, complete and assembled stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Mexico ($X per unit), while Venezuela ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform