Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Belgium - 2023
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Belgium (FOB) - 2022
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Belgium (CIF) - 2022
- Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Belgium
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Belgium
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Belgium (FOB) - 2022
The average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $8.6 per unit in 2022, increasing by 1.7% against the previous year. Over the period under review, the export price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2016 an increase of 58%. The export price peaked at $23 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($12 per unit), while the average price for exports to Japan ($3.5 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 Croatia (-6.0%), while the prices for the other major destinations experienced a decline.
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Belgium (CIF) - 2022
In 2022, the average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $6.1 per unit, falling by -61% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 110%. Over the period under review, average import prices attained the peak figure at $19 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($77 per unit), while the price for China ($4.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Belgium
For the fourth year in a row, Belgium recorded growth in overseas shipments of pocket watches and other watches, including stop-watches; battery or accumulator powereds, which increased by 22% to 81K units in 2022. In general, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 132%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds skyrocketed to $701K in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 62%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 47.6 | 53.7 | 198 | 364 | 97.0% |
| Germany | 39.0 | 62.4 | 85.5 | 52.8 | 10.6% |
| United Kingdom | 8.7 | 22.0 | 24.5 | 42.0 | 69.0% |
| Switzerland | 123 | 39.8 | 23.3 | 28.9 | -38.3% |
| Netherlands | 16.4 | 19.7 | 42.9 | 17.5 | 2.2% |
| Italy | 6.1 | 13.4 | 17.7 | 14.5 | 33.5% |
| Japan | 8.9 | 25.7 | 35.2 | 13.8 | 15.7% |
| Hong Kong SAR | 34.7 | 182 | 2.0 | 12.1 | -29.6% |
| Others | 115 | 227 | 135 | 156 | 10.7% |
| Total | 399 | 646 | 564 | 701 | 20.7% |
Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from Belgium in 2022:
- France (50.0K units)
- United Kingdom (8.2K units)
- Germany (6.4K units)
- Japan (3.9K units)
- Italy (2.3K units)
- Netherlands (1.5K units)
- Hong Kong SAR (1.1K units)
- Switzerland (0.6K units)
Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Belgium
In 2022, approx. 98K units of pocket watches and other watches, including stop-watches; battery or accumulator powereds were imported into Belgium; shrinking by -40.1% compared with 2021 figures. Overall, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 77%. As a result, imports reached the peak of 163K units, and then reduced rapidly in the following year.
In value terms, imports of pocket watches and other watches, including stop-watches; battery or accumulator powereds fell remarkably to $592K in 2022. In general, imports showed a dramatic shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 67% against the previous year. As a result, imports reached the peak of $2.5M, and then reduced notably in the following year.
| Import of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 205 | 235 | 319 | 345 | 18.9% |
| Switzerland | 103 | 225 | 1,479 | 87.6 | -5.3% |
| France | 10.8 | 53.9 | 35.9 | 33.3 | 45.5% |
| Netherlands | 5.9 | 8.3 | 308 | 28.1 | 68.2% |
| Germany | 1,150 | 917 | 77.7 | 24.8 | -72.2% |
| United States | 10.7 | 17.0 | 61.6 | 16.3 | 15.1% |
| Spain | 12.8 | 14.8 | 10.7 | 7.9 | -14.9% |
| Others | 54.9 | 39.1 | 235 | 48.5 | -4.0% |
| Total | 1,553 | 1,510 | 2,527 | 592 | -27.5% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to Belgium in 2022:
- China (78.7K units)
- France (4.4K units)
- Netherlands (4.3K units)
- Switzerland (3.1K units)
- United States (1.7K units)
- Spain (1.6K units)
- Germany (1.0K units)
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