Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Australia - 2024
Contents:
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Australia (CIF) - 2024
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Australia (FOB) - 2022
- Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Australia
- Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Australia
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Australia (CIF) - 2024
The average import price for clocks; wall clocks, battery, accumulator or mains powereds stood at $5.8 per unit in December 2023, with a decrease of -37.4% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 an increase of 42% m-o-m. As a result, import price attained the peak level of $9.2 per unit, and then declined significantly in the following month.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2023 to December 2023, the rate of growth in terms of prices for China amounted to -1.8% per month.
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Australia (FOB) - 2022
The average export price for clocks; wall clocks, battery, accumulator or mains powereds stood at $16 per unit in 2022, growing by 28% against the previous year. In general, the export price, however, showed a deep reduction. The growth pace was the most rapid in 2017 an increase of 52% against the previous year. The export price peaked at $31 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($236 per unit), while the average price for exports to New Zealand ($8.9 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 United States (+29.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Australia
Imports of clocks; wall clocks, battery, accumulator or mains powereds into Australia dropped notably to 845K units in 2022, which is down by -18.4% against the previous year. Over the period under review, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. As a result, imports reached the peak of 1M units, and then contracted sharply in the following year.
In value terms, imports of clocks; wall clocks, battery, accumulator or mains powereds declined to $7.4M in 2022. The total import value increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, imports attained the peak of $8.5M, and then dropped in the following year.
Import of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.7 | 5.0 | 6.8 | 6.0 | 8.5% |
Germany | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
Others | 1.2 | 1.0 | 1.6 | 1.1 | -2.9% |
Total | 6.0 | 6.1 | 8.5 | 7.4 | 7.2% |
Top Suppliers of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered to Australia in 2022:
- China (800.5K units)
- Germany (13.0K units)
Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Australia
In 2022, exports of clocks; wall clocks, battery, accumulator or mains powereds from Australia reduced dramatically to 4.5K units, with a decrease of -18.5% on 2021 figures. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 52%. The exports peaked at 5.8K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of clocks; wall clocks, battery, accumulator or mains powereds expanded modestly to $72K in 2022. In general, exports recorded a deep contraction. The exports peaked at $86K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Australia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 29.2 | 24.1 | 45.6 | 36.8 | 8.0% |
Singapore | 2.8 | 38.9 | 3.7 | 4.0 | 12.6% |
United States | 47.6 | 1.6 | 3.6 | 2.1 | -64.7% |
Mexico | 4.6 | N/A | N/A | N/A | 0% |
Others | 2.0 | 5.3 | 16.6 | 29.4 | 145.0% |
Total | 86.2 | 69.9 | 69.5 | 72.4 | -5.6% |
Top Export Markets for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered from Australia in 2022:
- New Zealand (4.1K units)
- Singapore (0.3K units)
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