Price for Clock Movements; Complete and Assembled in South Africa - 2023
Contents:
- Price for Clock Movements; Complete and Assembled in South Africa (CIF) - 2022
- Price for Clock Movements; Complete and Assembled in South Africa (FOB) - 2022
- Imports of Clock Movements; Complete and Assembled in South Africa
- Exports of Clock Movements; Complete and Assembled in South Africa
Price for Clock Movements; Complete and Assembled in South Africa (CIF) - 2022
In 2022, the average import price for clock movements; complete and assembleds amounted to $1.3 per unit, increasing by 20% against the previous year. In general, the import price, however, continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2014 an increase of 176% against the previous year. As a result, import price reached the peak level of $6.9 per unit. From 2015 to 2022, the average import prices remained at a somewhat 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 Hong Kong SAR ($2.1 per unit), while the price for China stood at $1.1 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.3%).
Price for Clock Movements; Complete and Assembled in South Africa (FOB) - 2022
The average export price for clock movements; complete and assembleds stood at $19 per unit in 2022, declining by -56.2% against the previous year. Over the period under review, the export price saw a abrupt slump. The growth pace was the most rapid in 2021 an increase of 151% against the previous year. The export price peaked at $45 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($131 per unit), while the average price for exports to Namibia ($4.5 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 Senegal (+36.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Clock Movements; Complete and Assembled in South Africa
In 2022, the amount of clock movements; complete and assembleds imported into South Africa fell notably to 135K units, which is down by -61.1% against the previous year's figure. Over the period under review, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 319%. As a result, imports reached the peak of 346K units, and then dropped rapidly in the following year.
In value terms, clock movements; complete and assembled imports declined remarkably to $176K in 2022. Overall, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 276%. As a result, imports attained the peak of $378K, and then contracted rapidly in the following year.
| Import of Clock Movements; Complete and Assembled in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 217 | 69.8 | 344 | 146 | -12.4% |
| Hong Kong SAR | 8.2 | 1.5 | 16.2 | 11.0 | 10.3% |
| Others | 28.3 | 29.2 | 17.4 | 18.7 | -12.9% |
| Total | 253 | 100 | 378 | 176 | -11.4% |
Top Suppliers of Clock Movements; Complete and Assembled to South Africa in 2022:
- China (127.5K units)
- Hong Kong SAR (5.2K units)
Exports of Clock Movements; Complete and Assembled in South Africa
In 2022, the amount of clock movements; complete and assembleds exported from South Africa shrank significantly to 1.2K units, which is down by -49.1% against the previous year. In general, exports faced a significant decline. The growth pace was the most rapid in 2021 with an increase of 142% against the previous year. The exports peaked at 2.4K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, clock movements; complete and assembled exports reduced dramatically to $22K in 2022. Overall, exports faced a precipitous contraction. The growth pace was the most rapid in 2021 when exports increased by 505% against the previous year. The exports peaked at $108K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Clock Movements; Complete and Assembled in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | N/A | N/A | N/A | 4.3 | 0% |
| Namibia | 4.6 | 6.3 | 5.4 | 2.5 | -18.4% |
| Swaziland | 0.9 | 1.1 | 1.1 | 2.2 | 34.7% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 1.5 | 0% |
| Australia | N/A | N/A | N/A | 1.3 | 0% |
| Botswana | 0.2 | 0.7 | 0.6 | 1.2 | 81.7% |
| Lesotho | 0.8 | N/A | 0.7 | 1.0 | 7.7% |
| Senegal | 65.3 | N/A | 75.4 | 0.1 | -88.5% |
| Netherlands | 16.8 | 5.4 | 8.9 | N/A | -27.2% |
| Others | 19.0 | 3.1 | 8.2 | 8.2 | -24.4% |
| Total | 108 | 16.5 | 100 | 22.4 | -40.8% |
Top Export Markets for Clock Movements; Complete and Assembled from South Africa in 2022:
- Namibia (544.0 units)
- Swaziland (183.0 units)
- Botswana (105.0 units)
- Ghana (102.0 units)
- Lesotho (91.0 units)
- Democratic Republic of the Congo (60.0 units)
- Australia (30.0 units)
- Senegal (1.0 units)
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