Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Luxembourg - 2023
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Luxembourg (CIF) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Luxembourg (FOB) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Luxembourg
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Luxembourg
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Luxembourg (CIF) - 2022
The average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $1,170 per unit in 2022, increasing by 23% against the previous year. In general, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of 156%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($1,882 per unit), while the price for China ($28 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Luxembourg (FOB) - 2022
In 2022, the average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $951 per unit, falling by -7.4% against the previous year. Overall, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2018 an increase of 128% against the previous year. The export price peaked at $3,728 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($2,415 per unit), while the average price for exports to Japan ($154 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 France (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Luxembourg
After three years of growth, supplies from abroad of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings decreased by -25.9% to 9.8K units in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2020 when imports increased by 74% against the previous year. Imports peaked at 13K units in 2021, and then reduced dramatically in the following year.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings reduced to $12M in 2022. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year. Imports peaked at $13M in 2021, and then contracted in the following year.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 0.1 | 2.9 | 3.2 | 4.5 | 255.7% |
| France | 0.4 | 1.9 | 3.4 | 3.5 | 106.1% |
| Switzerland | 4.5 | 3.2 | 5.0 | 2.9 | -13.6% |
| Germany | 0.1 | 0.3 | 0.4 | 0.3 | 44.2% |
| China | 0.1 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.7 | 0.6 | 0.4 | 26.0% |
| Total | 5.4 | 9.0 | 12.6 | 11.5 | 28.7% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Luxembourg in 2022:
- Belgium (3.5K units)
- France (3.1K units)
- Switzerland (1.5K units)
- China (0.6K units)
- Taiwan (Chinese) (0.3K units)
- Germany (0.3K units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Luxembourg
After three years of growth, shipments abroad of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings decreased by -57.9% to 3.6K units in 2022. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 740% against the previous year. As a result, the exports reached the peak of 8.6K units, and then contracted dramatically in the following year.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings declined significantly to $3.4M in 2022. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 281%. As a result, the exports attained the peak of $8.8M, and then contracted significantly in the following year.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | 3,237 | 1,697 | -47.6% |
| Switzerland | 569 | 612 | 479 | 977 | 19.7% |
| France | 29.1 | 195 | 117 | 146 | 71.2% |
| Germany | 211 | 963 | 456 | 145 | -11.8% |
| United States | 29.0 | 72.9 | 170 | 64.7 | 30.7% |
| Others | 154 | 469 | 4,344 | 403 | 37.8% |
| Total | 992 | 2,313 | 8,803 | 3,433 | 51.3% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Luxembourg in 2022:
- United Arab Emirates (2291.0 units)
- Switzerland (893.0 units)
- France (130.0 units)
- United States (89.0 units)
- Germany (60.0 units)
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