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

Contents:

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

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

In 2022, the average import price for clock or watch parts; dialses amounted to $172 per unit, waning by -4% against the previous year. In general, the import price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 153%. Over the period under review, average import prices reached the peak figure at $179 per unit in 2021, and then fell slightly in the following year.

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 United States ($172 per unit), while the price for China ($1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+21.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for clock or watch parts; dialses amounted to $30 per unit, rising by 163% against the previous year. In general, the export price, however, continues to indicate a noticeable setback. Over the period under review, the average export prices attained the peak figure at $36 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 ($30 per unit), while the average price for exports to Spain stood at $1 per unit.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-40.8%).

Imports of Clock or Watch Parts; Dials in Venezuela

For the third consecutive year, Venezuela recorded decline in supplies from abroad of clock or watch parts; dialses, which decreased by -9.1% to 10 units in 2022. In general, imports showed a abrupt shrinkage. Over the period under review, imports attained the maximum at 15 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, clock or watch parts; dials imports fell significantly to $865 in 2022. Overall, imports continue to indicate a abrupt curtailment. The smallest decline of -19.9% was in 2020. Over the period under review, imports reached the maximum at $1.7K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. United States (5.0 units)
2. Italy (1.0 units)
3. China (1.0 units)
4. Hong Kong SAR (1.0 units)
5. Switzerland (1.0 units)
6. Spain (1.0 units)

Exports of Clock or Watch Parts; Dials in Venezuela

In 2022, shipments abroad of clock or watch parts; dialses decreased by 0% to 16 units, falling for the second year in a row after two years of growth. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,000%. As a result, the exports reached the peak of 22 units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, clock or watch parts; dials exports surged to $451 in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 369% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. Switzerland (15.0 units)
2. Spain (1.0 units)

Source: IndexBox Market Intelligence Platform