Price for Clock or Watch Parts; Dials in the Philippines - 2022

Contents:

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

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

In 2022, the average export price for clock or watch parts; dialses amounted to $16 per unit, growing by 4.8% against the previous year. Over the period under review, the export price posted tangible growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 740%. As a result, the export price attained the peak level of $562 per unit. From 2020 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 Hong Kong SAR ($22 per unit), while the average price for exports to Taiwan (Chinese) ($1 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 Japan (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for clock or watch parts; dialses amounted to $5.3 per unit, growing by 13% against the previous year. In general, the import price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 56% against the previous year. The import price peaked at $21 per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Switzerland ($19 per unit), while the price for Japan ($0.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Clock or Watch Parts; Dials in the Philippines

In 2022, approx. 250K units of clock or watch parts; dialses were exported from the Philippines; with an increase of 12% on 2021. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 112% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, clock or watch parts; dials exports soared to $4M in 2022. In general, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 112%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. Hong Kong SAR (125.7K units)
2. Thailand (106.0K units)
3. Taiwan (Chinese) (9.3K units)
4. Japan (8.7K units)

Imports of Clock or Watch Parts; Dials in the Philippines

Clock or watch parts; dials imports into the Philippines expanded slightly to 288K units in 2022, increasing by 4.3% compared with the year before. In general, imports, however, recorded a significant decline. The most prominent rate of growth was recorded in 2021 when imports increased by 268% against the previous year. Imports peaked at 1M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, clock or watch parts; dials imports skyrocketed to $1.7M in 2022. Over the period under review, imports, however, faced a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 279% against the previous year. Over the period under review, imports reached the maximum at $5.7M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. Hong Kong SAR (170.7K units)
2. China (79.4K units)
3. Switzerland (12.9K units)
4. Vietnam (11.6K units)
5. Taiwan (Chinese) (9.6K units)
6. Japan (2.4K units)

Source: IndexBox Market Intelligence Platform