Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Canada - 2024
Contents:
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Canada (CIF) - 2022
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Canada (FOB) - 2022
- Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Canada
- Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Canada
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Canada (CIF) - 2022
The average import price for clocks; wall clocks, battery, accumulator or mains powereds stood at $7.1 per unit in 2022, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2020 an increase of 19%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Hong Kong SAR ($7.1 per unit) and Japan ($7.1 per unit), while the price for the United States ($7.1 per unit) and Taiwan (Chinese) ($7.1 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Canada (FOB) - 2022
In 2022, the average export price for clocks; wall clocks, battery, accumulator or mains powereds amounted to $5.1 per unit, shrinking by -30.9% against the previous year. Overall, the export price saw a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices reached the peak figure at $7.4 per unit in 2021, and then shrank notably in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($5.1 per unit), while the average price for exports to the UK ($5.1 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 Saudi Arabia (-1.9%), while the prices for the other major destinations experienced a decline.
Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Canada
For the third consecutive year, Canada recorded decline in overseas purchases of clocks; wall clocks, battery, accumulator or mains powereds, which decreased by -9.8% to 2.3M units in 2022. Overall, imports saw a deep slump. The smallest decline of -6.5% was in 2021. Over the period under review, imports of hit record highs at 3.6M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of clocks; wall clocks, battery, accumulator or mains powereds contracted to $17M in 2022. In general, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, imports reached the peak of $18M, and then contracted in the following year.
| Import of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.1 | 9.5 | 10.3 | 10.7 | -1.2% |
| Japan | 4.8 | 5.3 | 6.3 | 4.0 | -5.9% |
| United States | 1.2 | 1.1 | 1.1 | 1.2 | 0.0% |
| Others | 1.0 | 0.8 | 0.7 | 0.7 | -11.2% |
| Total | 18.1 | 16.6 | 18.4 | 16.6 | -2.8% |
Top Suppliers of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered to Canada in 2022:
- China (1500.5K units)
- Japan (560.2K units)
- United States (174.9K units)
Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Canada
In 2022, exports of clocks; wall clocks, battery, accumulator or mains powereds from Canada skyrocketed to 693K units, surging by 73% on 2021. In general, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of clocks; wall clocks, battery, accumulator or mains powereds skyrocketed to $3.5M in 2022. The total export value increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.7 | 2.6 | 2.9 | 3.2 | 5.8% |
| Saudi Arabia | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 2.7 | 2.7 | 2.9 | 3.5 | 9.0% |
Top Export Markets for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered from Canada in 2022:
- United States (630.0K units)
- Saudi Arabia (45.0K units)
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