Price for Watch Cases and Parts Thereof in Azerbaijan - 2023

Contents:

1. Price for Watch Cases and Parts Thereof in Azerbaijan (CIF) - 2022
2. Price for Watch Cases and Parts Thereof in Azerbaijan (FOB) - 2022
3. Imports of Watch Cases and Parts Thereof in Azerbaijan
4. Exports of Watch Cases and Parts Thereof in Azerbaijan

Price for Watch Cases and Parts Thereof in Azerbaijan (CIF) - 2022

The average import price for watch cases and parts thereoves stood at $2 per unit in 2022, declining by -89.6% against the previous year. In general, the import price saw a deep slump. The growth pace was the most rapid in 2021 when the average import price increased by 259% against the previous year. As a result, import price reached the peak level of $19 per unit, and then reduced sharply in the following year.

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 Italy ($7.2 per unit), while the price for China amounted to $1.6 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.8%), while the prices for the other major suppliers experienced a decline.

Price for Watch Cases and Parts Thereof in Azerbaijan (FOB) - 2022

The average export price for watch cases and parts thereoves stood at $26 per unit in 2022, falling by -87.8% against the previous year. In general, the export price, however, showed a significant expansion. The pace of growth was the most pronounced in 2016 an increase of 570% against the previous year. Over the period under review, the average export prices reached the peak figure at $216 per unit in 2021, and then dropped dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2015 to 2022, the rate of growth in terms of prices for Georgia amounted to +570.1% per year.

Imports of Watch Cases and Parts Thereof in Azerbaijan

Watch cases and parts thereof imports into Azerbaijan surged to 12K units in 2022, growing by 583% compared with the year before. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, watch cases and parts thereof imports shrank remarkably to $24K in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 624% against the previous year. As a result, imports reached the peak of $33K, and then contracted remarkably in the following year.

Top Suppliers of Watch Cases and Parts Thereof to Azerbaijan in 2022:

1. China (11.0K units)
2. Italy (0.5K units)

Exports of Watch Cases and Parts Thereof in Azerbaijan

In 2022, after two years of decline, there was significant decline in shipments abroad of watch cases and parts thereoves, when their volume decreased by -71.8% to 11 units. Over the period under review, exports continue to indicate a precipitous shrinkage. Over the period under review, the exports reached the peak figure at 106 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, watch cases and parts thereof exports contracted remarkably to $300 in 2022. Overall, exports saw a dramatic descent. The exports peaked at $9.4K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Watch Cases and Parts Thereof from Azerbaijan in 2022:

1. Sweden (11.0 units)

Source: IndexBox Market Intelligence Platform