Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Ireland - 2023

Contents:

  1. Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Ireland (CIF) - 2022
  2. Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Ireland (FOB) - 2022
  3. Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Ireland
  4. Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Ireland

Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Ireland (CIF) - 2022

In 2022, the average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $13 per unit, falling by -4.8% against the previous year. Over the period under review, the import price, however, saw a buoyant increase. The growth pace was the most rapid in 2018 an increase of 94% against the previous year. As a result, import price reached the peak level of $20 per unit. From 2019 to 2022, the average 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 the UK ($19 per unit), while the price for Hong Kong SAR ($9.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Ireland (FOB) - 2022

In 2022, the average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $89 per unit, rising by 131% against the previous year. In general, the export price enjoyed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 China ($263 per unit), while the average price for exports to Italy ($19 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 Arab Emirates (+295.7%), while the prices for the other major destinations experienced a decline.

Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Ireland

In 2022, approx. 24K units of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds were imported into Ireland; picking up by 60% on the previous year. In general, imports saw mild growth. The pace of growth appeared the most rapid in 2020 when imports increased by 92%. As a result, imports attained the peak of 44K units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds surged to $327K in 2022. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports of attained the peak figure at $492K in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Import of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Ireland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China85.620445.512212.5%
United Kingdom148208109111-9.1%
France1.4N/AN/A43.5214.4%
Switzerland1.932.76.228.4146.3%
Slovenia39.114.5N/AN/A-62.9%
Others52.233.153.921.9-25.1%
Total328492215327-0.1%

Top Suppliers of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered to Ireland in 2022:

  1. China (12.6K units)
  2. United Kingdom (5.8K units)
  3. France (2.4K units)
  4. Switzerland (2.1K units)

Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Ireland

Exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds from Ireland expanded significantly to 973 units in 2022, surging by 9.2% against the previous year's figure. Overall, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 127%. Over the period under review, the exports of attained the maximum at 1.2K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds skyrocketed to $86K in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 389% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Export of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Ireland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab EmiratesN/AN/A1.915.9736.8%
SwitzerlandN/AN/AN/A14.80%
KuwaitN/AN/A1.212.5941.7%
ChinaN/AN/AN/A11.10%
QatarN/AN/AN/A8.10%
United Kingdom18.36.67.14.8-36.0%
ItalyN/AN/AN/A4.00%
SingaporeN/AN/A9.2N/A0%
Others1.70.414.815.0106.6%
Total20.07.034.286.262.7%

Top Export Markets for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered from Ireland in 2022:

  1. Italy (211.0 units)
  2. United Kingdom (196.0 units)
  3. Kuwait (145.0 units)
  4. Switzerland (120.0 units)
  5. United Arab Emirates (74.0 units)
  6. China (42.0 units)
  7. Qatar (32.0 units)

Source: IndexBox Market Intelligence Platform

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