Price for Clock Movements; Complete and Assembled, Other than Battery, Accumulator or Mains Powered in South Korea - 2022

Contents:

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

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

The average import price for clock movements; complete and assembled, other than battery, accumulator or mains powereds stood at $14 per unit in 2022, shrinking by -1.8% against the previous year. Overall, the import price showed a perceptible descent. The pace of growth was the most pronounced in 2018 an increase of 24%. As a result, import price attained the peak level of $19 per unit. From 2019 to 2022, the average import prices remained at a lower figure.

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 Switzerland ($35 per unit), while the price for Thailand ($14 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for clock movements; complete and assembled, other than battery, accumulator or mains powereds stood at $46 per unit in 2022, jumping by 328% against the previous year. Over the period under review, the export price, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2020 when the average export price increased by 407% against the previous year. The export price peaked at $109 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Kazakhstan ($80 per unit), while the average price for exports to the United Arab Emirates amounted to $12 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+15.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of clock movements; complete and assembled, other than battery, accumulator or mains powereds, when their volume decreased by -15.2% to 13K units. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 57%. As a result, imports reached the peak of 15K units, and then contracted significantly in the following year.

In value terms, imports of clock movements; complete and assembled, other than battery, accumulator or mains powereds plummeted to $171K in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 62%. As a result, imports reached the peak of $205K, and then shrank dramatically in the following year.

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

1. China (11.9K units)
2. Thailand (0.4K units)
3. France (0.1K units)

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

In 2022, shipments abroad of clock movements; complete and assembled, other than battery, accumulator or mains powereds decreased by -89.5% to 2 units, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a sharp curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 10%. As a result, the exports reached the peak of 22 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of clock movements; complete and assembled, other than battery, accumulator or mains powereds contracted notably to $92 in 2022. In general, exports showed a deep contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 457%. As a result, the exports attained the peak of $864. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. United Arab Emirates (1.0 units)
2. Kazakhstan (1.0 units)

Source: IndexBox Market Intelligence Platform