Price for Clock or Watch Parts; Plates and Bridges in Canada - 2022

Contents:

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

Price for Clock or Watch Parts; Plates and Bridges in Canada (CIF) - 2022

In 2022, the average import price for clock or watch parts; plates and bridgeses amounted to $119,852 per ton, which is down by -34.1% against the previous year. Overall, the import price faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 133% against the previous year. Over the period under review, average import prices hit record highs at $483,537 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($360,070 per ton), while the price for the United States ($55,727 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clock or Watch Parts; Plates and Bridges in Canada (FOB) - 2022

The average export price for clock or watch parts; plates and bridgeses stood at $419,345 per ton in 2022, remaining stable against the previous year. Over the period under review, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 4.8%. The export price peaked at $450,467 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +6.3% per year.

Imports of Clock or Watch Parts; Plates and Bridges in Canada

In 2022, overseas purchases of clock or watch parts; plates and bridgeses were finally on the rise to reach 582 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of clock or watch parts; plates and bridgeses surged to $70K in 2022. Overall, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Clock or Watch Parts; Plates and Bridges in Canada (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland36.724.619.741.44.1%
United States2.12.40.124.1125.6%
China0.3N/A0.34.1139.1%
United Kingdom7.15.75.9N/A-8.8%
Others3.90.42.20.1-70.5%
Total50.133.228.269.811.7%

Top Suppliers of Clock or Watch Parts; Plates and Bridges to Canada in 2022:

  1. United States (433.0 kg)
  2. Switzerland (115.0 kg)
  3. China (30.0 kg)

Exports of Clock or Watch Parts; Plates and Bridges in Canada

Exports of clock or watch parts; plates and bridgeses from Canada soared to 55 kg in 2022, increasing by 83% against the year before. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of clock or watch parts; plates and bridgeses surged to $23K in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Clock or Watch Parts; Plates and Bridges in Canada (Thousand USD)
COUNTRY20212022CAGR,
2021-2022
United States8.722.3156.3%
Others3.70.8-78.4%
Total12.423.186.3%

Top Export Markets for Clock or Watch Parts; Plates and Bridges from Canada in 2022:

  1. United States (55.0 kg)

Source: IndexBox Market Intelligence Platform

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