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

Contents:

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

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

The average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $57 per unit in 2022, falling by -62.5% against the previous year. Overall, the export price, however, recorded perceptible growth. The pace of growth appeared the most rapid in 2015 an increase of 253% against the previous year. The export price peaked at $255 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($443 per unit), while the average price for exports to Indonesia totaled $42 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+43.0%).

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

The average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $89 per unit in 2022, waning by -48.5% against the previous year. Over the period under review, the import price, however, recorded a significant increase. The pace of growth appeared the most rapid in 2015 an increase of 1,145% against the previous year. Over the period under review, average import prices hit record highs at $221 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Switzerland ($885 per unit), while the price for China ($14 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+44.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the fourth consecutive year, Singapore recorded growth in shipments abroad of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds, which increased by 937% to 56K units in 2022. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds soared to $3.2M in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 313% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

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

1. Indonesia (52.4K units)
2. Japan (1.3K units)

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

In 2022, approx. 11K units of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds were imported into Singapore; growing by 62% on the previous year. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 129%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds dropped significantly to $979K in 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 201% against the previous year. Over the period under review, imports of hit record highs at $1.2M in 2021, and then declined sharply in the following year.

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

1. China (10.0K units)
2. Switzerland (0.9K units)

Source: IndexBox Market Intelligence Platform