Price for Clock Movements; Complete and Assembled, Electrically Operated in Hong Kong SAR - 2023
Contents:
- Price for Clock Movements; Complete and Assembled, Electrically Operated in Hong Kong SAR (CIF) - 2023
- Price for Clock Movements; Complete and Assembled, Electrically Operated in Hong Kong SAR (FOB) - 2022
- Imports of Clock Movements; Complete and Assembled, Electrically Operated in Hong Kong SAR
- Exports of Clock Movements; Complete and Assembled, Electrically Operated in Hong Kong SAR
Price for Clock Movements; Complete and Assembled, Electrically Operated in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for clock movements; complete and assembled, electrically operateds amounted to $2.1 per unit, increasing by 12% against the previous month. Overall, the import price, however, recorded a slight decline. The pace of growth was the most pronounced in August 2023 an increase of 70% month-to-month. As a result, import price attained the peak level of $3.6 per unit. From September 2023 to November 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($2.2 per unit), while the price for China ($1.4 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Clock Movements; Complete and Assembled, Electrically Operated in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for clock movements; complete and assembled, electrically operateds amounted to $2.7 per unit, jumping by 25% against the previous year. Overall, the export price posted a buoyant expansion. The pace of growth appeared the most rapid in 2015 an increase of 42% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($6.6 per unit), while the average price for exports to the UK ($0.8 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 Indonesia (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clock Movements; Complete and Assembled, Electrically Operated in Hong Kong SAR
In 2022, approx. 1.1M units of clock movements; complete and assembled, electrically operateds were imported into Hong Kong SAR; with a decrease of -34% compared with the previous year's figure. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of 1.7M units, and then declined dramatically in the following year.
In value terms, imports of clock movements; complete and assembled, electrically operateds reduced dramatically to $2.5M in 2022. In general, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 11% against the previous year. Imports peaked at $4.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Clock Movements; Complete and Assembled, Electrically Operated in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 2,407 | 1,907 | 2,133 | 1,883 | -7.9% |
Japan | 175 | 170 | 310 | 296 | 19.1% |
China | 1,293 | 1,189 | 1,223 | 273 | -40.5% |
Germany | 53.2 | 26.7 | 51.4 | 50.3 | -1.9% |
Others | 357 | 74.2 | 20.0 | 46.0 | -49.5% |
Total | 4,285 | 3,368 | 3,737 | 2,548 | -15.9% |
Top Suppliers of Clock Movements; Complete and Assembled, Electrically Operated to Hong Kong SAR in 2022:
- Thailand (843.4K units)
- China (186.8K units)
- Japan (67.8K units)
- Germany (25.2K units)
Exports of Clock Movements; Complete and Assembled, Electrically Operated in Hong Kong SAR
In 2022, approx. 947K units of clock movements; complete and assembled, electrically operateds were exported from Hong Kong SAR; reducing by -52.6% against the previous year's figure. In general, exports showed a significant curtailment. The growth pace was the most rapid in 2021 with an increase of 18%. The exports peaked at 2.1M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of clock movements; complete and assembled, electrically operateds shrank significantly to $2.5M in 2022. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year. As a result, the exports attained the peak of $4.3M, and then shrank remarkably in the following year.
Export of Clock Movements; Complete and Assembled, Electrically Operated in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,836 | 1,214 | 1,304 | 1,430 | -8.0% |
Germany | 182 | 359 | 759 | 329 | 21.8% |
United States | 845 | 750 | 960 | 289 | -30.1% |
Japan | 213 | 279 | 382 | 89.0 | -25.2% |
Indonesia | 76.5 | 32.7 | 136 | 76.3 | -0.1% |
Taiwan (Chinese) | 212 | 140 | 332 | 73.6 | -29.7% |
Malaysia | 32.3 | 33.8 | 28.3 | 37.9 | 5.5% |
United Kingdom | 13.1 | 11.9 | 25.0 | 16.5 | 8.0% |
India | 34.6 | 2.6 | 63.5 | 1.1 | -68.3% |
Others | 270 | 238 | 297 | 201 | -9.4% |
Total | 3,715 | 3,061 | 4,288 | 2,542 | -11.9% |
Top Export Markets for Clock Movements; Complete and Assembled, Electrically Operated from Hong Kong SAR in 2022:
- China (570.9K units)
- United States (78.1K units)
- Germany (50.0K units)
- Taiwan (Chinese) (49.6K units)
- Indonesia (45.1K units)
- Japan (23.8K units)
- United Kingdom (20.9K units)
- Malaysia (19.0K units)
- India (2.2K units)
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