Price for Clock Movements; Complete and Assembled in Lithuania - 2023
Contents:
- Price for Clock Movements; Complete and Assembled in Lithuania (CIF) - 2022
- Price for Clock Movements; Complete and Assembled in Lithuania (FOB) - 2022
- Imports of Clock Movements; Complete and Assembled in Lithuania
- Exports of Clock Movements; Complete and Assembled in Lithuania
Price for Clock Movements; Complete and Assembled in Lithuania (CIF) - 2022
The average import price for clock movements; complete and assembleds stood at $2.1 per unit in 2022, increasing by 153% against the previous year. Overall, the import price enjoyed a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($5.7 per unit), while the price for China ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.6%).
Price for Clock Movements; Complete and Assembled in Lithuania (FOB) - 2022
In 2022, the average export price for clock movements; complete and assembleds amounted to $145 per unit, shrinking by -14.1% against the previous year. Over the period under review, the export price, however, continues to indicate modest growth. The growth pace was the most rapid in 2020 when the average export price increased by 109%. As a result, the export price reached the peak level of $197 per unit. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($249 per unit), while the average price for exports to Kyrgyzstan ($0.2 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 Russia (+9.7%), while the prices for the other major destinations experienced a decline.
Imports of Clock Movements; Complete and Assembled in Lithuania
For the third year in a row, Lithuania recorded decline in overseas purchases of clock movements; complete and assembleds, which decreased by -29.7% to 12K units in 2022. In general, imports recorded a dramatic curtailment. The smallest decline of -12.2% was in 2020. Over the period under review, imports attained the maximum at 126K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, clock movements; complete and assembled imports surged to $25K in 2022. Over the period under review, imports saw a precipitous shrinkage. Imports peaked at $65K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Clock Movements; Complete and Assembled in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.7 | 5.9 | 5.9 | 4.8 | 0.7% |
| China | 56.8 | 49.5 | 6.4 | 4.3 | -57.7% |
| Finland | N/A | N/A | N/A | 1.9 | 0% |
| Others | 3.2 | 5.0 | 2.0 | 14.4 | 65.1% |
| Total | 64.7 | 60.4 | 14.3 | 25.4 | -26.8% |
Top Suppliers of Clock Movements; Complete and Assembled to Lithuania in 2022:
- China (8.1K units)
- Germany (3.2K units)
- Finland (0.3K units)
Exports of Clock Movements; Complete and Assembled in Lithuania
For the third year in a row, Lithuania recorded decline in shipments abroad of clock movements; complete and assembleds, which decreased by -43.1% to 74 units in 2022. In general, exports continue to indicate a abrupt decrease. The smallest decline of -4.2% was in 2020. Over the period under review, the exports attained the peak figure at 142 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, clock movements; complete and assembled exports dropped rapidly to $11K in 2022. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 100% against the previous year. As a result, the exports reached the peak of $27K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Clock Movements; Complete and Assembled in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 10.0 | 0% |
| Belarus | N/A | N/A | N/A | 0.8 | 0% |
| Russia | 13.3 | 26.8 | 20.5 | N/A | 24.2% |
| United Kingdom | N/A | N/A | 1.4 | N/A | 0% |
| Kyrgyzstan | N/A | N/A | N/A | N/A | 0% |
| Ukraine | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 13.4 | 26.8 | 21.9 | 10.7 | -7.2% |
Top Export Markets for Clock Movements; Complete and Assembled from Lithuania in 2022:
- Turkey (40.0 units)
- Belarus (30.0 units)
- Kyrgyzstan (4.0 units)
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