Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Lithuania - 2023

Contents:

  1. Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Lithuania (CIF) - 2022
  2. Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Lithuania (FOB) - 2022
  3. Imports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Lithuania
  4. Exports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Lithuania

Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Lithuania (CIF) - 2022

In 2022, the average import price for clock movements; complete and assembled, other than battery, accumulator or mains powereds amounted to $115 per unit, declining by -36.4% against the previous year. Over the period under review, the import price, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 an increase of 3,516%. The import price peaked at $181 per unit in 2021, and then fell rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovenia ($285 per unit), while the price for the Netherlands ($3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+57.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Lithuania (FOB) - 2022

In 2022, the average export price for clock movements; complete and assembled, other than battery, accumulator or mains powereds amounted to $255 per unit, jumping by 293% against the previous year. Over the period under review, the export price, however, saw a slight slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 354% against the previous year. The export price peaked at $310 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Belarus.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +371.2% per year.

Imports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Lithuania

In 2022, overseas purchases of clock movements; complete and assembled, other than battery, accumulator or mains powereds were finally on the rise to reach 88 units after two years of decline. Over the period under review, imports, however, showed a dramatic downturn. Over the period under review, imports of attained the maximum at 177 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of clock movements; complete and assembled, other than battery, accumulator or mains powereds surged to $10K in 2022. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SloveniaN/AN/AN/A10.00%
Netherlands0.20.1N/A0.1-20.6%
BelgiumN/AN/AN/AN/A0%
Italy2.84.40.3N/A-67.3%
OthersN/AN/A2.2N/A0%
Total3.04.42.510.149.9%

Top Suppliers of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered to Lithuania in 2022:

  1. Netherlands (48.0 units)
  2. Slovenia (35.0 units)
  3. Belgium (5.0 units)

Exports of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Lithuania

In 2022, after three years of growth, there was significant decline in overseas shipments of clock movements; complete and assembled, other than battery, accumulator or mains powereds, when their volume decreased by -96.2% to 3 units. In general, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 163% against the previous year. As a result, the exports attained the peak of 79 units, and then declined rapidly in the following year.

In value terms, exports of clock movements; complete and assembled, other than battery, accumulator or mains powereds fell rapidly to $766 in 2022. Overall, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2020 when exports increased by 62% against the previous year. As a result, the exports reached the peak of $5.4K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in Lithuania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BelarusN/AN/AN/A0.80%
Russia3.35.33.7N/A5.9%
LatviaN/AN/A0.1N/A0%
United KingdomN/AN/A1.4N/A0%
OthersN/AN/AN/AN/A0%
Total3.35.45.10.8-37.6%

Top Export Markets for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered from Lithuania in 2022:

  1. Belarus (3.0 units)

Source: IndexBox Market Intelligence Platform

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