Price for Clock or Watch Parts; Dials in Canada - 2022

Contents:

1. Price for Clock or Watch Parts; Dials in Canada (CIF) - 2022
2. Price for Clock or Watch Parts; Dials in Canada (FOB) - 2022
3. Imports of Clock or Watch Parts; Dials in Canada
4. Exports of Clock or Watch Parts; Dials in Canada

Price for Clock or Watch Parts; Dials in Canada (CIF) - 2022

In 2022, the average import price for clock or watch parts; dialses amounted to $12 per unit, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2017 when the average import price increased by 15% against the previous year. The import price peaked at $13 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 China ($23 per unit), while the price for Taiwan (Chinese) ($0.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Clock or Watch Parts; Dials in Canada (FOB) - 2022

In 2022, the average export price for clock or watch parts; dialses amounted to $46 per unit, picking up by 18% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2021 an increase of 30% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($44 per unit), while the average price for exports to the United States ($40 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 the United States (+0.9%), while the prices for the other major destinations experienced a decline.

Imports of Clock or Watch Parts; Dials in Canada

In 2022, the amount of clock or watch parts; dialses imported into Canada soared to 41K units, rising by 32% compared with the previous year's figure. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at 41K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, clock or watch parts; dials imports skyrocketed to $528K in 2022. The total import value increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Clock or Watch Parts; Dials to Canada in 2022:

1. Switzerland (36.7K units)
2. China (1.3K units)
3. Taiwan (Chinese) (0.8K units)
4. United States (0.4K units)

Exports of Clock or Watch Parts; Dials in Canada

In 2022, the amount of clock or watch parts; dialses exported from Canada soared to 6.8K units, rising by 15% against the previous year's figure. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 187%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, clock or watch parts; dials exports soared to $299K in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 198% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Clock or Watch Parts; Dials from Canada in 2022:

1. Switzerland (6.4K units)
2. United Kingdom (0.3K units)

Source: IndexBox Market Intelligence Platform