Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Indonesia - 2022
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Indonesia (CIF) - 2022
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Indonesia (FOB) - 2022
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Indonesia
- Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Indonesia
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Indonesia (CIF) - 2022
In 2022, the average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $27 per unit, jumping by 27% against the previous year. Over the last decade, it increased at an average annual rate of +4.6%. The growth pace was the most rapid in 2015 when the average import price increased by 28%. The import price peaked in 2022 and is likely to continue growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($27 per unit), while the price for Hong Kong SAR amounted to $19 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.9%).
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Indonesia (FOB) - 2022
The average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $134 per unit in 2022, shrinking by -8% against the previous year. In general, the export price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 217% against the previous year. The export price peaked at $157 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
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 Hong Kong SAR ($200 per unit), while the average price for exports to Malaysia ($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 Brunei Darussalam (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Indonesia
In 2022, approx. 26K units of pocket watches and other watches, including stop-watches; battery or accumulator powereds were imported into Indonesia; growing by 78% against the year before. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of pocket watches and other watches, including stop-watches; battery or accumulator powereds skyrocketed to $678K in 2022. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 182 | 144 | 193 | 660 | 53.6% |
| Hong Kong SAR | 5.0 | N/A | 2.0 | 9.7 | 24.7% |
| South Korea | 0.3 | 24.6 | 87.9 | N/A | 1611.7% |
| Others | 12.6 | 20.9 | 18.0 | 7.8 | -14.8% |
| Total | 200 | 189 | 300 | 678 | 50.2% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to Indonesia in 2022:
- China (24.8K units)
- Hong Kong SAR (0.5K units)
Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Indonesia
In 2022, approx. 6 units of pocket watches and other watches, including stop-watches; battery or accumulator powereds were exported from Indonesia; waning by -99.9% on the previous year. Overall, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 711% against the previous year. As a result, the exports reached the peak of 7K units, and then reduced notably in the following year.
In value terms, exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds declined significantly to $804 in 2022. Over the period under review, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 929% against the previous year. As a result, the exports attained the peak of $1M, and then dropped notably in the following year.
| Export of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 0.3 | 0.1 | 0.5 | 0.4 | 10.1% |
| United States | N/A | N/A | N/A | 0.2 | 0% |
| Singapore | N/A | 4.0 | 32.5 | 0.1 | -84.2% |
| Germany | 1.1 | 0.2 | 0.4 | 0.1 | -55.0% |
| Malaysia | 0.1 | N/A | N/A | N/A | 0% |
| Brunei Darussalam | 67.8 | 65.9 | 873 | N/A | 258.8% |
| Philippines | 14.5 | 9.6 | 48.8 | N/A | 83.5% |
| Others | 66.5 | 18.9 | 59.9 | N/A | -5.1% |
| Total | 150 | 98.7 | 1,015 | 0.8 | -82.5% |
Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from Indonesia in 2022:
- Hong Kong SAR (2.0 units)
- United States (1.0 units)
- Malaysia (1.0 units)
- Germany (1.0 units)
- Singapore (1.0 units)
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