Price for Watch Movements; Complete and Assembled in Austria - 2023

Contents:

  1. Price for Watch Movements; Complete and Assembled in Austria (CIF) - 2022
  2. Price for Watch Movements; Complete and Assembled in Austria (FOB) - 2022
  3. Imports of Watch Movements; Complete and Assembled in Austria
  4. Exports of Watch Movements; Complete and Assembled in Austria

Price for Watch Movements; Complete and Assembled in Austria (CIF) - 2022

In 2022, the average import price for watch movements; complete and assembleds amounted to $32 per unit, rising by 10% against the previous year. Over the period under review, the import price continues to indicate temperate growth. The most prominent rate of growth was recorded in 2017 an increase of 53%. Over the period under review, average import prices hit record highs at $37 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($45 per unit), while the price for Slovakia ($3.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Watch Movements; Complete and Assembled in Austria (FOB) - 2022

The average export price for watch movements; complete and assembleds stood at $90 per unit in 2022, with an increase of 91% against the previous year. Over the period under review, the export price recorded a moderate increase. The export price peaked at $107 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($238 per unit), while the average price for exports to Italy ($15 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 Romania (+69.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Watch Movements; Complete and Assembled in Austria

In 2022, imports of watch movements; complete and assembleds into Austria soared to 43K units, growing by 90% on 2021. Overall, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, watch movements; complete and assembled imports soared to $1.4M in 2022. Over the period under review, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Watch Movements; Complete and Assembled in Austria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland703486439644-2.9%
Germany3.526.113.1621461.9%
Netherlands26.465.268.942.517.2%
SlovakiaN/AN/A22.731.538.8%
Hong Kong SAR22.45.510.19.9-23.8%
China65.667.794.37.7-51.0%
Japan22.73.35.97.1-32.1%
Others6.09.714.534.378.8%
Total8496636681,39918.1%

Top Suppliers of Watch Movements; Complete and Assembled to Austria in 2022:

  1. Switzerland (16.7K units)
  2. Germany (13.9K units)
  3. Slovakia (8.6K units)
  4. Netherlands (1.6K units)
  5. China (1.1K units)
  6. Japan (0.6K units)
  7. Hong Kong SAR (0.6K units)

Exports of Watch Movements; Complete and Assembled in Austria

In 2022, the amount of watch movements; complete and assembleds exported from Austria soared to 7.1K units, increasing by 120% compared with the year before. Overall, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, watch movements; complete and assembled exports surged to $637K in 2022. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Watch Movements; Complete and Assembled in Austria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR92.428.02.925840.8%
Romania0.3N/AN/A98.5589.9%
SlovakiaN/AN/A0.270.435100.0%
Switzerland69.710430.165.7-2.0%
Netherlands13.069.629.639.544.8%
SpainN/AN/AN/A24.30%
United StatesN/AN/A0.417.24200.0%
PolandN/A1.41.311.0180.3%
Italy3.66.82.79.839.6%
United Arab Emirates126N/A80.0N/A-20.3%
Others4.57.34.042.2110.9%
Total30921715163727.3%

Top Export Markets for Watch Movements; Complete and Assembled from Austria in 2022:

  1. Hong Kong SAR (1085.0 units)
  2. Spain (886.0 units)
  3. Netherlands (798.0 units)
  4. Slovakia (656.0 units)
  5. Italy (654.0 units)
  6. Poland (643.0 units)
  7. Switzerland (634.0 units)
  8. United States (630.0 units)
  9. Romania (453.0 units)

Source: IndexBox Market Intelligence Platform

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