Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Malaysia - 2024
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Malaysia (CIF) - 2022
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Malaysia (FOB) - 2022
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Malaysia
- Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Malaysia
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Malaysia (CIF) - 2022
The average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $80 per unit in 2022, picking up by 17% against the previous year. Overall, the import price continues to indicate significant growth. The most prominent rate of growth was recorded in 2020 an increase of 668%. The import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($123 per unit), while the price for Germany ($6.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+21.5%), 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 Malaysia (FOB) - 2022
In 2022, the average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $197 per unit, dropping by -51.6% against the previous year. Overall, the export price saw a deep contraction. The growth pace was the most rapid in 2019 when the average export price increased by 2,322%. Over the period under review, the average export prices reached the maximum at $598 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($405 per unit), while the average price for exports to the Philippines ($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 Australia (+122.9%), while the prices for the other major destinations experienced a decline.
Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Malaysia
In 2022, imports of pocket watches and other watches, including stop-watches; battery or accumulator powereds into Malaysia soared to 51K units, picking up by 68% compared with the previous year's figure. In general, imports, however, faced a dramatic contraction. The pace of growth appeared the most rapid in 2021 with an increase of 72%. Over the period under review, imports of attained the maximum at 155K 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 soared to $4M in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 131%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 7.6 | 697 | 1,560 | 3,533 | 674.7% |
| Switzerland | N/A | 1.3 | 91.1 | 139 | 934.0% |
| Japan | 11.2 | 38.0 | 110 | 130 | 126.4% |
| China | 162 | 95.7 | 104 | 80.2 | -20.9% |
| Germany | N/A | N/A | N/A | 27.8 | 0% |
| Hong Kong SAR | 825 | 31.3 | 4.9 | 15.4 | -73.5% |
| Others | 19.0 | 23.2 | 173 | 101 | 74.5% |
| Total | 1,025 | 886 | 2,043 | 4,027 | 57.8% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to Malaysia in 2022:
- Singapore (28.8K units)
- Japan (11.5K units)
- Germany (4.2K units)
- China (2.1K units)
- Switzerland (1.5K units)
- Hong Kong SAR (1.1K units)
Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Malaysia
In 2022, approx. 4.4K units of pocket watches and other watches, including stop-watches; battery or accumulator powereds were exported from Malaysia; jumping by 392% on 2021. In general, exports recorded a significant expansion. 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 skyrocketed to $864K in 2022. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 397%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | 307 | 523 | 70.4% |
| Hong Kong SAR | N/A | 52.7 | 11.6 | 328 | 149.5% |
| Philippines | N/A | N/A | N/A | 3.3 | 0% |
| Thailand | 1.8 | N/A | N/A | N/A | 0% |
| Brunei Darussalam | 10.5 | N/A | N/A | N/A | 0% |
| Indonesia | 0.6 | N/A | N/A | N/A | 0% |
| Others | 1.9 | 20.3 | 44.2 | 9.0 | 67.9% |
| Total | 14.7 | 73.0 | 363 | 864 | 288.8% |
Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from Malaysia in 2022:
- Hong Kong SAR (2.1K units)
- Singapore (1.3K units)
- Philippines (0.9K units)
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