Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Singapore - 2022
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Singapore (CIF) - 2022
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Singapore (FOB) - 2022
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Singapore
- Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Singapore
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Singapore (CIF) - 2022
In 2022, the average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $66 per unit, picking up by 118% against the previous year. In general, the import price posted significant growth. The growth pace was the most rapid in 2016 an increase of 676% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($476 per unit), while the price for Thailand ($8.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+29.3%), 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 Singapore (FOB) - 2022
The average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $81 per unit in 2022, increasing by 177% against the previous year. In general, the export price recorded a strong expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 298%. As a result, the export price reached the peak level of $101 per unit. From 2017 to 2022, the average export prices failed to regain momentum.
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 Arab Emirates ($142 per unit), while the average price for exports to Indonesia ($39 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 Maldives (+31.0%), 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 Singapore
Imports of pocket watches and other watches, including stop-watches; battery or accumulator powereds into Singapore contracted to 35K units in 2022, falling by -10.5% on the previous year's figure. Over the period under review, imports recorded a sharp contraction. Imports peaked at 193K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of pocket watches and other watches, including stop-watches; battery or accumulator powereds surged to $2.3M in 2022. In general, imports saw a abrupt decrease. Imports peaked at $2.8M 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 Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 86.3 | 1,122 | 360 | 1,272 | 145.2% |
| China | 632 | 493 | 346 | 311 | -21.1% |
| Japan | 24.2 | 39.4 | 124 | 225 | 110.3% |
| Vietnam | 1,705 | 1.0 | N/A | 221 | -49.4% |
| Hong Kong SAR | 32.9 | 43.6 | 46.5 | 94.4 | 42.1% |
| United States | 24.0 | 66.4 | 84.4 | 82.9 | 51.2% |
| Thailand | N/A | 2.3 | 2.4 | 11.2 | 120.7% |
| Others | 315 | 71.4 | 216 | 87.0 | -34.9% |
| Total | 2,820 | 1,839 | 1,180 | 2,305 | -6.5% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to Singapore in 2022:
- China (15.4K units)
- Hong Kong SAR (6.4K units)
- Japan (4.4K units)
- Switzerland (2.7K units)
- Vietnam (2.0K units)
- United States (1.8K units)
- Thailand (1.3K units)
Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Singapore
For the third consecutive year, Singapore recorded decline in shipments abroad of pocket watches and other watches, including stop-watches; battery or accumulator powereds, which decreased by -54.2% to 16K units in 2022. In general, exports showed a sharp setback. The exports peaked at 324K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds surged to $1.3M in 2022. Over the period under review, exports recorded a precipitous slump. Over the period under review, the exports of reached the peak figure at $19M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 6,750 | 3,530 | 404 | 284 | -65.2% |
| Maldives | N/A | N/A | 131 | 216 | 64.9% |
| Brunei Darussalam | 0.9 | 0.2 | 1.3 | 148 | 447.9% |
| Hong Kong SAR | 5,539 | 749 | 9.0 | 141 | -70.6% |
| United Arab Emirates | N/A | N/A | N/A | 140 | 0% |
| Italy | N/A | N/A | 184 | 129 | -29.9% |
| Cambodia | N/A | 4.1 | 78.5 | 119 | 438.7% |
| Malaysia | 871 | 118 | 11.8 | 62.4 | -58.5% |
| Thailand | 76.5 | 105 | 52.7 | N/A | -17.0% |
| Japan | 3,118 | 470 | 5.7 | N/A | -95.7% |
| Vietnam | 171 | 78.4 | 48.2 | N/A | -46.9% |
| Others | 2,757 | 832 | 107 | 71.4 | -70.4% |
| Total | 19,284 | 5,886 | 1,033 | 1,311 | -59.2% |
Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from Singapore in 2022:
- Indonesia (7.3K units)
- Brunei Darussalam (1.8K units)
- Maldives (1.6K units)
- Cambodia (1.3K units)
- Malaysia (1.2K units)
- Hong Kong SAR (1.2K units)
- United Arab Emirates (1.0K units)
- Italy (0.4K units)
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