Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Ireland - 2023
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Ireland (CIF) - 2022
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Ireland (FOB) - 2022
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Ireland
- Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Ireland
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Ireland (CIF) - 2022
The average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $24 per unit in 2022, with a decrease of -20% against the previous year. Over the period under review, the import price, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 46%. As a result, import price attained the peak level of $30 per unit, and then fell significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($112 per unit), while the price for Hong Kong SAR ($9.3 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 (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Ireland (FOB) - 2022
In 2022, the average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $12 per unit, falling by -33.7% against the previous year. Overall, the export price faced a deep contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 310%. As a result, the export price attained the peak level of $52 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -12.0% per year.
Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Ireland
In 2022, approx. 12K units of pocket watches and other watches, including stop-watches; battery or accumulator powereds were imported into Ireland; surging by 38% against 2021. Over the period under review, imports, however, saw a sharp decline. The pace of growth was the most pronounced in 2021 with an increase of 79% against the previous year. Over the period under review, imports of hit record highs at 26K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of pocket watches and other watches, including stop-watches; battery or accumulator powereds expanded significantly to $292K in 2022. Overall, imports, however, continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 161% against the previous year. Imports peaked at $714K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 55.3 | 68.3 | 75.5 | 105 | 23.8% |
| China | 55.7 | 12.5 | 49.8 | 41.0 | -9.7% |
| Malaysia | N/A | N/A | 32.9 | 38.9 | 18.2% |
| Belgium | 2.7 | 8.6 | 5.9 | 15.8 | 80.2% |
| Hong Kong SAR | 0.5 | N/A | 5.9 | 6.4 | 133.9% |
| Taiwan (Chinese) | 2.4 | 2.1 | 3.5 | 5.2 | 29.4% |
| France | 1.1 | N/A | 4.7 | 4.0 | 53.8% |
| Spain | N/A | N/A | 40.6 | 3.3 | -91.9% |
| Switzerland | 89.6 | 0.3 | 11.8 | 3.1 | -67.4% |
| Japan | 499 | 0.4 | 0.5 | 2.3 | -83.4% |
| Others | 7.6 | 9.1 | 34.0 | 66.3 | 105.9% |
| Total | 714 | 101 | 265 | 292 | -25.8% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to Ireland in 2022:
- China (4.3K units)
- United Kingdom (3.8K units)
- Belgium (1.1K units)
- Hong Kong SAR (0.7K units)
- France (0.3K units)
- Malaysia (0.3K units)
- Taiwan (Chinese) (0.2K units)
- Spain (0.2K units)
Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Ireland
For the fourth year in a row, Ireland recorded growth in shipments abroad of pocket watches and other watches, including stop-watches; battery or accumulator powereds, which increased by 3,006% to 15K units in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds surged to $175K in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | 0.3 | 2.7 | 170 | 2280.5% |
| Germany | N/A | N/A | 1.0 | 0.6 | -40.0% |
| Others | 0.3 | 4.6 | 4.8 | 4.6 | 148.4% |
| Total | 0.3 | 4.8 | 8.5 | 175 | 735.5% |
Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from Ireland in 2022:
- United Kingdom (14.9K units)
- Germany (0.1K units)
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