Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in South Africa - 2024
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in South Africa (CIF) - 2022
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in South Africa (FOB) - 2022
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in South Africa
- Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in South Africa
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in South Africa (CIF) - 2022
In 2022, the average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $16 per unit, jumping by 31% against the previous year. In general, the import price recorded a buoyant increase. The pace of growth was the most pronounced in 2019 an increase of 84% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
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 Switzerland ($169 per unit), while the price for Taiwan (Chinese) ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.5%), 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 South Africa (FOB) - 2022
The average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $15 per unit in 2022, shrinking by -33.3% against the previous year. In general, the export price recorded a deep reduction. The growth pace was the most rapid in 2020 when the average export price increased by 448% against the previous year. As a result, the export price attained the peak level of $110 per unit. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Swaziland ($25 per unit), while the average price for exports to Botswana ($14 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 Swaziland (-6.0%), 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 South Africa
In 2022, approx. 27K units of pocket watches and other watches, including stop-watches; battery or accumulator powereds were imported into South Africa; with an increase of 11% on 2021 figures. In general, imports, however, recorded a precipitous slump. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. Imports peaked at 111K 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 skyrocketed to $422K in 2022. Over the period under review, imports, however, showed a dramatic slump. The growth pace was the most rapid in 2021 with an increase of 59%. Imports peaked at $847K 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 South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 397 | 154 | 247 | 320 | -6.9% |
| Switzerland | 3.1 | 0.8 | 2.5 | 86.0 | 202.7% |
| Hong Kong SAR | 173 | 7.9 | 0.4 | 1.4 | -79.9% |
| Taiwan (Chinese) | N/A | 0.5 | 0.1 | 0.8 | 26.5% |
| Australia | 33.0 | 0.2 | 28.3 | N/A | -7.4% |
| Others | 242 | 19.3 | 12.1 | 13.5 | -61.8% |
| Total | 847 | 182 | 291 | 422 | -20.7% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to South Africa in 2022:
- China (23.8K units)
- Taiwan (Chinese) (1.8K units)
- Switzerland (0.5K units)
- Hong Kong SAR (0.3K units)
Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in South Africa
For the fourth consecutive year, South Africa recorded growth in overseas shipments of pocket watches and other watches, including stop-watches; battery or accumulator powereds, which increased by 105% to 2.2K units in 2022. Overall, exports posted a significant expansion. As a result, the exports reached 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 $34K in 2022. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 513% against the previous year. As a result, the exports reached the peak of $72K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 3.4 | 4.0 | 6.7 | 29.0 | 104.3% |
| Swaziland | 1.7 | 3.8 | 10.0 | 1.6 | -2.0% |
| Botswana | 3.6 | 3.0 | 5.2 | 1.3 | -28.8% |
| Zimbabwe | 2.6 | 0.4 | 0.1 | 0.2 | -57.5% |
| Others | 0.5 | 61.1 | 2.7 | 1.7 | 50.4% |
| Total | 11.8 | 72.2 | 24.8 | 33.9 | 42.2% |
Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from South Africa in 2022:
- Namibia (1961.0 units)
- Botswana (93.0 units)
- Swaziland (65.0 units)
- Zimbabwe (11.0 units)
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