Price for Watches; Incomplete Movements, Assembled in Switzerland - 2023
Contents:
- Price for Watches; Incomplete Movements, Assembled in Switzerland (FOB) - 2022
- Price for Watches; Incomplete Movements, Assembled in Switzerland (CIF) - 2022
- Exports of Watches; Incomplete Movements, Assembled in Switzerland
- Imports of Watches; Incomplete Movements, Assembled in Switzerland
Price for Watches; Incomplete Movements, Assembled in Switzerland (FOB) - 2022
The average watches; incomplete movements, assembled export price stood at $5,240 per unit in 2022, jumping by 36% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The growth pace was the most rapid in 2019 when the average export price increased by 138% against the previous year. The export price peaked at $7,785 per unit in 2014; however, from 2015 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 ($7,570 per unit), while the average price for exports to Latvia ($136 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 India (+342.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Watches; Incomplete Movements, Assembled in Switzerland (CIF) - 2022
In 2022, the average watches; incomplete movements, assembled import price amounted to $723 per unit, with a decrease of -57.4% against the previous year. Over the period under review, the import price showed a perceptible downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 166%. As a result, import price reached the peak level of $1,695 per unit, and then shrank significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($912 per unit), while the price for Hong Kong SAR ($602 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (+8.2%), while the prices for the other major suppliers experienced a decline.
Exports of Watches; Incomplete Movements, Assembled in Switzerland
In 2022, after two years of decline, there was significant growth in overseas shipments of watches; incomplete movements, assembleds, when their volume increased by 63% to 62 units. In general, total exports indicated a measured increase from 2019 to 2022: its volume increased at an average annual rate of +2.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, watches; incomplete movements, assembled exports skyrocketed to $324K in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Watches; Incomplete Movements, Assembled in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 10.6 | 17.0 | 17.9 | 189 | 161.2% |
| Germany | 79.2 | 51.7 | 106 | 88.3 | 3.7% |
| Norway | 2.7 | 2.3 | 1.6 | 5.1 | 23.6% |
| France | 2.1 | 2.1 | 1.5 | 4.7 | 30.8% |
| China | 3.7 | N/A | N/A | 3.3 | -3.7% |
| India | N/A | 2.5 | 0.5 | 3.2 | 13.1% |
| Japan | 2.2 | 5.1 | 2.1 | 1.6 | -10.1% |
| Armenia | N/A | N/A | N/A | 1.0 | 0% |
| Kuwait | 0.6 | 0.3 | 0.4 | 0.9 | 14.5% |
| Kazakhstan | 0.2 | 0.3 | 0.3 | 0.6 | 44.2% |
| South Korea | 0.1 | 0.5 | 0.2 | 0.5 | 71.0% |
| Azerbaijan | 0.2 | 0.1 | N/A | 0.4 | 26.0% |
| Latvia | 0.1 | 0.2 | N/A | 0.1 | 0.0% |
| Others | 32.6 | 44.2 | 16.5 | 25.5 | -7.9% |
| Total | 134 | 126 | 147 | 324 | 34.2% |
Top Export Markets for Watches; Incomplete Movements, Assembled from Switzerland in 2022:
- Hong Kong SAR (25.0 units)
- Germany (14.0 units)
- China (4.0 units)
- Kuwait (2.0 units)
- Kazakhstan (2.0 units)
- France (2.0 units)
- Norway (2.0 units)
- Japan (1.0 units)
- India (1.0 units)
- Azerbaijan (1.0 units)
- Latvia (1.0 units)
- Armenia (1.0 units)
- South Korea (1.0 units)
Imports of Watches; Incomplete Movements, Assembled in Switzerland
After two years of decline, overseas purchases of watches; incomplete movements, assembleds increased by 392% to 118 units in 2022. Over the period under review, imports, however, faced a precipitous decline. Imports peaked at 629 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, watches; incomplete movements, assembled imports surged to $86K in 2022. In general, imports, however, saw a precipitous curtailment. Over the period under review, imports reached the maximum at $535K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Watches; Incomplete Movements, Assembled in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 8.2 | 3.3 | 6.3 | 48.2 | 80.5% |
| China | 10.5 | 14.5 | 1.1 | 21.7 | 27.4% |
| United States | N/A | N/A | 0.1 | 5.8 | 5700.0% |
| Thailand | 418 | 134 | N/A | N/A | -67.9% |
| Italy | 7.3 | 19.1 | 0.1 | N/A | -88.3% |
| Others | 91.8 | 8.1 | 32.7 | 9.9 | -52.4% |
| Total | 535 | 179 | 40.3 | 85.6 | -45.7% |
Top Suppliers of Watches; Incomplete Movements, Assembled to Switzerland in 2022:
- Hong Kong SAR (80.0 units)
- China (29.0 units)
- United States (6.0 units)
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This report provides an in-depth analysis of the rough watch movements market in Switzerland.
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This report provides an in-depth analysis of the global rough watch movements market.
338
This report provides an in-depth analysis of the rough watch movements market in Switzerland.
542
This report provides an in-depth analysis of the global rough watch movements market.
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