Price for Watch Cases and Parts Thereof in Canada - 2023

Contents:

1. Price for Watch Cases and Parts Thereof in Canada (FOB) - 2022
2. Price for Watch Cases and Parts Thereof in Canada (CIF) - 2022
3. Exports of Watch Cases and Parts Thereof in Canada
4. Imports of Watch Cases and Parts Thereof in Canada

Price for Watch Cases and Parts Thereof in Canada (FOB) - 2022

In 2022, the average export price for watch cases and parts thereoves amounted to $144 per unit, shrinking by -46.4% against the previous year. Over the period under review, the export price showed a deep reduction. The growth pace was the most rapid in 2018 an increase of 28%. The export price peaked at $717 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($144 per unit), while the average price for exports to Switzerland amounted to $143 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-14.8%).

Price for Watch Cases and Parts Thereof in Canada (CIF) - 2022

In 2022, the average import price for watch cases and parts thereoves amounted to $14 per unit, falling by -18.4% against the previous year. Overall, the import price saw a pronounced descent. The pace of growth was the most pronounced in 2018 when the average import price increased by 13% against the previous year. The import price peaked at $18 per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 the United States ($14 per unit) and Switzerland ($14 per unit), while the price for Hong Kong SAR ($14 per unit) and China ($14 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.6%), while the prices for the other major suppliers experienced a decline.

Exports of Watch Cases and Parts Thereof in Canada

In 2022, watch cases and parts thereof exports from Canada expanded significantly to 20K units, with an increase of 9.6% on the previous year's figure. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, watch cases and parts thereof exports shrank dramatically to $2.9M in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 33%. As a result, the exports reached the peak of $4.9M, and then dropped notably in the following year.

Top Export Markets for Watch Cases and Parts Thereof from Canada in 2022:

1. United States (18.9K units)
2. Switzerland (0.8K units)

Imports of Watch Cases and Parts Thereof in Canada

In 2022, approx. 87K units of watch cases and parts thereoves were imported into Canada; jumping by 131% against 2021. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, watch cases and parts thereof imports skyrocketed to $1.2M in 2022. Over the period under review, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Watch Cases and Parts Thereof to Canada in 2022:

1. United States (40.5K units)
2. Switzerland (21.2K units)
3. China (19.5K units)
4. Japan (1.3K units)

Source: IndexBox Market Intelligence Platform