Price for Clock Movements; Complete and Assembled in the UK - 2023
Contents:
- Price for Clock Movements; Complete and Assembled in the UK (FOB) - 2022
- Price for Clock Movements; Complete and Assembled in the UK (CIF) - 2022
- Exports of Clock Movements; Complete and Assembled in the UK
- Imports of Clock Movements; Complete and Assembled in the UK
Price for Clock Movements; Complete and Assembled in the UK (FOB) - 2022
The average export price for clock movements; complete and assembleds stood at $4.5 per unit in 2022, dropping by -81.1% against the previous year. Overall, the export price faced a precipitous descent. The pace of growth appeared the most rapid in 2014 when the average export price increased by 87%. Over the period under review, the average export prices hit record highs at $72 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($22 per unit), while the average price for exports to Ireland ($2.9 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 Germany (+3.7%), while the prices for the other major destinations experienced a decline.
Price for Clock Movements; Complete and Assembled in the UK (CIF) - 2022
The average import price for clock movements; complete and assembleds stood at $4.8 per unit in 2022, growing by 44% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 129% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($17 per unit), while the price for Hong Kong SAR ($1.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Clock Movements; Complete and Assembled in the UK
In 2022, exports of clock movements; complete and assembleds from the UK surged to 373K units, picking up by 315% compared with 2021. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 463% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, clock movements; complete and assembled exports dropped markedly to $1.7M in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 438% against the previous year. As a result, the exports attained the peak of $2.1M, and then dropped rapidly in the following year.
| Export of Clock Movements; Complete and Assembled in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 28.0 | 20.9 | 61.1 | 998 | 229.1% |
| Germany | 38.5 | 10.5 | 260 | 173 | 65.0% |
| United States | 52.8 | 131 | 135 | 99.7 | 23.6% |
| Central African Republic | N/A | N/A | 8.0 | N/A | 0% |
| Others | 261 | 236 | 1,681 | 410 | 16.2% |
| Total | 380 | 398 | 2,145 | 1,681 | 64.2% |
Top Export Markets for Clock Movements; Complete and Assembled from the UK in 2022:
- Ireland (349.4K units)
- Germany (7.7K units)
- United States (6.7K units)
Imports of Clock Movements; Complete and Assembled in the UK
In 2022, approx. 223K units of clock movements; complete and assembleds were imported into the UK; dropping by -10.1% against the previous year's figure. Over the period under review, imports faced a dramatic decrease. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. Imports peaked at 927K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, clock movements; complete and assembled imports skyrocketed to $1.1M in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 60% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Clock Movements; Complete and Assembled in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 46.2 | 60.1 | 176 | 414 | 107.7% |
| China | 385 | 186 | 372 | 272 | -10.9% |
| Italy | 41.6 | 38.0 | 29.3 | 50.4 | 6.6% |
| Turkey | 13.1 | N/A | 9.8 | 14.2 | 2.7% |
| Hong Kong SAR | 51.1 | 6.1 | 1.3 | 6.3 | -50.2% |
| Others | 511 | 231 | 244 | 319 | -14.5% |
| Total | 1,048 | 522 | 833 | 1,076 | 0.9% |
Top Suppliers of Clock Movements; Complete and Assembled to the UK in 2022:
- China (158.1K units)
- Germany (23.9K units)
- Italy (19.0K units)
- Hong Kong SAR (5.4K units)
- Turkey (3.9K units)
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