Price for Clock or Watch Parts; Dials in Thailand - 2024

Contents:

1. Price for Clock or Watch Parts; Dials in Thailand (FOB) - 2022
2. Price for Clock or Watch Parts; Dials in Thailand (CIF) - 2024
3. Exports of Clock or Watch Parts; Dials in Thailand
4. Imports of Clock or Watch Parts; Dials in Thailand

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

In 2022, the average export price for clock or watch parts; dialses amounted to $182 per unit, with an increase of 21% against the previous year. In general, the export price, however, saw a abrupt contraction. The growth pace was the most rapid in 2015 when the average export price increased by 187%. As a result, the export price reached the peak level of $1,133 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($1,052 per unit), while the average price for exports to Vietnam ($3.2 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 UK (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Clock or Watch Parts; Dials in Thailand (CIF) - 2024

In February 2024, the average import price for clock or watch parts; dialses amounted to $27.4 per unit, increasing by 43% against the previous month. In general, import price indicated a perceptible expansion from March 2023 to February 2024: its price increased at an average monthly rate of +3.8% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2024 figures, clock or watch parts; dials import price increased by +43.4% against January 2024 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 February 2024, the country with the highest price was Switzerland ($85.6 per unit), while the price for Japan ($5.9 per unit) was amongst the lowest.

From March 2023 to February 2024, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Clock or Watch Parts; Dials in Thailand

In 2022, exports of clock or watch parts; dialses from Thailand soared to 45K units, with an increase of 17% compared with 2021. Overall, exports, however, continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2021 when exports increased by 25%. Over the period under review, the exports hit record highs at 50K 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 surged to $20M in 2022. Over the period under review, total exports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Switzerland (17.7K units)
2. Hong Kong SAR (9.2K units)
3. Austria (6.1K units)
4. Japan (5.7K units)
5. Germany (2.0K units)
6. Vietnam (1.5K units)
7. United Kingdom (1.4K units)

Imports of Clock or Watch Parts; Dials in Thailand

In 2022, overseas purchases of clock or watch parts; dialses decreased by -25.9% to 762K units, falling for the second year in a row after two years of growth. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. As a result, imports reached the peak of 1.1M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, clock or watch parts; dials imports dropped to $13M in 2022. Overall, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2020 when imports increased by 17%. As a result, imports attained the peak of $17M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

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

1. China (633.2K units)
2. Japan (109.7K units)

Source: IndexBox Market Intelligence Platform