Price for Clock or Watch Parts; Dials in Hong Kong SAR - 2022

Contents:

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

Price for Clock or Watch Parts; Dials in Hong Kong SAR (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 period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

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 Switzerland ($189 per unit), while the average price for exports to Brazil ($3.8 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 Thailand (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Clock or Watch Parts; Dials in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for clock or watch parts; dialses amounted to $20 per unit, surging by 64% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clock or watch parts; dials import price increased by +55.2% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the Philippines ($89 per unit), while the price for China ($19 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+26.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Clock or Watch Parts; Dials in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of clock or watch parts; dialses, which decreased by -42.1% to 1.3M units in 2022. Overall, exports continue to indicate a sharp setback. The smallest decline of -2.8% was in 2021. Over the period under review, the exports reached the maximum at 3.5M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, clock or watch parts; dials exports declined to $83M in 2022. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 26%. The exports peaked at $133M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Clock or Watch Parts; Dials from Hong Kong SAR in 2022:

1. India (406.0K units)
2. Switzerland (279.7K units)
3. Brazil (191.5K units)
4. China (169.2K units)
5. United States (90.5K units)
6. Philippines (41.1K units)
7. France (21.4K units)
8. Thailand (18.3K units)

Imports of Clock or Watch Parts; Dials in Hong Kong SAR

In 2022, the amount of clock or watch parts; dialses imported into Hong Kong SAR fell significantly to 3M units, dropping by -47.6% against the previous year's figure. In general, imports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. Over the period under review, imports hit record highs at 7.6M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, clock or watch parts; dials imports dropped significantly to $61M in 2022. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Imports peaked at $95M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Clock or Watch Parts; Dials to Hong Kong SAR in 2022:

1. China (2.9M units)

Source: IndexBox Market Intelligence Platform