Price for Clock Movements; Complete and Assembled in Canada - 2023
Contents:
- Price for Clock Movements; Complete and Assembled in Canada (CIF) - 2023
- Price for Clock Movements; Complete and Assembled in Canada (FOB) - 2022
- Imports of Clock Movements; Complete and Assembled in Canada
- Exports of Clock Movements; Complete and Assembled in Canada
Price for Clock Movements; Complete and Assembled in Canada (CIF) - 2023
In June 2023, the average import price for clock movements; complete and assembleds amounted to $13.9 per unit, increasing by 64% against the previous month. Over the period under review, the import price saw buoyant growth. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 82% month-to-month. Over the period under review, average import prices reached the peak figure in June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Saudi Arabia ($21.6 per unit), while the price for China ($1.7 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+15.1%), while the prices for the other major suppliers experienced a decline.
Price for Clock Movements; Complete and Assembled in Canada (FOB) - 2022
In 2022, the average export price for clock movements; complete and assembleds amounted to $8.3 per unit, falling by -36.9% against the previous year. Overall, the export price, however, recorded a pronounced increase. The pace of growth appeared the most rapid in 2019 an increase of 65%. The export price peaked at $14 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($31 per unit), while the average price for exports to France ($6.1 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 the United States (+9.1%).
Imports of Clock Movements; Complete and Assembled in Canada
In 2022, clock movements; complete and assembled imports into Canada totaled 266K units, picking up by 13% against the year before. In general, imports posted a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 78% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, clock movements; complete and assembled imports skyrocketed to $839K in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Clock Movements; Complete and Assembled in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 394 | 263 | 368 | 417 | 1.9% |
China | 162 | 237 | 262 | 212 | 9.4% |
Saudi Arabia | 13.3 | 39.4 | 52.6 | 102 | 97.2% |
Switzerland | 60.6 | 4.4 | 4.7 | 20.7 | -30.1% |
Taiwan (Chinese) | 16.4 | 53.7 | 1.4 | 13.8 | -5.6% |
Others | 63.7 | 22.7 | 29.6 | 73.4 | 4.8% |
Total | 710 | 620 | 719 | 839 | 5.7% |
Top Suppliers of Clock Movements; Complete and Assembled to Canada in 2022:
- United States (135.8K units)
- China (106.2K units)
- Saudi Arabia (6.3K units)
- Taiwan (Chinese) (4.3K units)
- Switzerland (4.3K units)
Exports of Clock Movements; Complete and Assembled in Canada
After two years of decline, overseas shipments of clock movements; complete and assembleds increased by 983% to 6.2K units in 2022. In general, exports, however, showed a significant curtailment. Over the period under review, the exports attained the peak figure at 15K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, clock movements; complete and assembled exports surged to $51K in 2022. Over the period under review, exports, however, showed a sharp downturn. The exports peaked at $151K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Clock Movements; Complete and Assembled in Canada (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | N/A | N/A | N/A | 31.5 | 0% |
United States | 143 | 2.7 | 7.0 | 10.0 | -58.8% |
Hong Kong SAR | N/A | N/A | N/A | 5.8 | 0% |
Macao SAR | N/A | N/A | N/A | 3.0 | 0% |
France | 4.8 | N/A | N/A | 0.6 | -50.0% |
Others | 3.3 | 5.7 | 0.4 | 0.1 | -68.8% |
Total | 151 | 8.4 | 7.5 | 51.1 | -30.3% |
Top Export Markets for Clock Movements; Complete and Assembled from Canada in 2022:
- Italy (5.0K units)
- United States (0.7K units)
- Hong Kong SAR (0.2K units)
- France (0.1K units)
- Macao SAR (0.1K units)
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