Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Japan - 2023
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Japan (CIF) - 2023
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Japan (FOB) - 2022
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Japan
- Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Japan
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Japan (CIF) - 2023
In November 2023, the average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $3.7 per unit, growing by 6.4% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 46% against the previous month. Over the period under review, average import prices hit record highs at $6.0 per unit in June 2023; however, from July 2023 to November 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -0.5% per month.
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Japan (FOB) - 2022
In 2022, the average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $68 per unit, with an increase of 7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 43% against the previous year. Over the period under review, the average export prices hit record highs at $91 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($127 per unit), while the average price for exports to China ($27 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 South Korea (+5.5%), 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 Japan
In 2022, the amount of pocket watches and other watches, including stop-watches; battery or accumulator powereds imported into Japan fell dramatically to 70K units, dropping by -26.1% on the previous year's figure. In general, imports saw a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 16% against the previous year. Imports peaked at 110K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of pocket watches and other watches, including stop-watches; battery or accumulator powereds fell to $5.4M in 2022. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 0.5% against the previous year. Imports peaked at $6.7M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.5 | 5.5 | 5.6 | 5.4 | -6.0% |
| Hong Kong SAR | N/A | N/A | 0.1 | N/A | 0% |
| Others | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
| Total | 6.7 | 5.8 | 5.8 | 5.4 | -6.9% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to Japan in 2022:
- China (70.0K units)
Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Japan
In 2022, the amount of pocket watches and other watches, including stop-watches; battery or accumulator powereds exported from Japan shrank dramatically to 8.5K units, which is down by -18.2% on the year before. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 6.3% against the previous year. As a result, the exports reached the peak of 10K units, and then shrank dramatically in the following year.
In value terms, exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds dropped to $573K in 2022. Over the period under review, exports saw a perceptible downturn. The pace of growth was the most pronounced in 2021 when exports increased by 24%. As a result, the exports reached the peak of $655K, and then reduced in the following year.
| Export of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 196 | 71.2 | 222 | 236 | 6.4% |
| Hong Kong SAR | 167 | 104 | 195 | 127 | -8.7% |
| China | 96.4 | 143 | 135 | 99.6 | 1.1% |
| Australia | 15.6 | 7.9 | 11.6 | 19.7 | 8.1% |
| Netherlands | N/A | 11.5 | 11.2 | 19.2 | 29.2% |
| United Kingdom | 18.6 | 4.6 | 11.2 | 17.3 | -2.4% |
| South Korea | 16.1 | 20.7 | 32.9 | 16.4 | 0.6% |
| Singapore | 69.7 | 49.2 | 14.3 | 7.9 | -51.6% |
| Others | 38.3 | 115 | 21.9 | 29.9 | -7.9% |
| Total | 617 | 527 | 655 | 573 | -2.4% |
Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from Japan in 2022:
- China (3733.0 units)
- United States (1864.0 units)
- Hong Kong SAR (1751.0 units)
- Australia (190.0 units)
- Netherlands (190.0 units)
- South Korea (170.0 units)
- United Kingdom (156.0 units)
- Singapore (42.0 units)
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