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

Contents:

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

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

In 2022, the average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $2.6 per unit, falling by -47.6% against the previous year. Over the period under review, the import price, however, recorded pronounced growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 228%. The import price peaked at $21 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.0% per year.

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

The average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $22 per unit in 2022, with an increase of 7% against the previous year. In general, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 93%. The export price peaked at $38 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($42 per unit), while the average price for exports to Bosnia and Herzegovina ($0.5 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 Panama (+1,028.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds into Spain reduced markedly to 280K units, falling by -47.5% against the year before. Overall, imports saw a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 94%. As a result, imports reached the peak of 534K units, and then plummeted in the following year.

In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds shrank remarkably to $728K in 2022. In general, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. Over the period under review, imports of attained the maximum at $3.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. China (273.4K units)
2. Germany (1.1K units)

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

For the third consecutive year, Spain recorded decline in overseas shipments of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds, which decreased by -56.7% to 14K units in 2022. Overall, exports continue to indicate a precipitous descent. The smallest decline of -12.6% was in 2021. Over the period under review, the exports of reached the maximum at 66K 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 contracted significantly to $295K in 2022. In general, exports saw a significant decline. The pace of growth appeared the most rapid in 2021 when exports increased by 48%. The exports peaked at $2.2M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Portugal (4.5K units)
2. Germany (1.5K units)
3. Italy (1.3K units)
4. France (1.1K units)
5. Chile (0.9K units)
6. Poland (0.8K units)
7. Hungary (0.7K units)
8. Andorra (0.5K units)
9. Netherlands (0.3K units)
10. Greece (0.3K units)
11. Bosnia and Herzegovina (0.3K units)
12. United Kingdom (0.2K units)

Source: IndexBox Market Intelligence Platform