Price for Watch Cases and Parts Thereof in Bahrain - 2022

Contents:

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

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

The average import price for watch cases and parts thereoves stood at $84 per unit in 2022, picking up by 21% against the previous year. In general, the import price recorded a pronounced increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 178%. As a result, import price reached the peak level of $233 per unit. From 2017 to 2022, the average import prices failed to regain momentum.

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 ($624 per unit), while the price for France ($11 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+27.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for watch cases and parts thereoves amounted to $1,013 per unit, shrinking by -44.6% against the previous year. Overall, the export price, however, showed resilient growth. The pace of growth was the most pronounced in 2021 an increase of 3,065%. As a result, the export price reached the peak level of $1,828 per unit, and then dropped rapidly in the following year.

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

From 2017 to 2022, the rate of growth in terms of prices for Kuwait amounted to +3,337.5% per year.

Imports of Watch Cases and Parts Thereof in Bahrain

In 2022, purchases abroad of watch cases and parts thereoves was finally on the rise to reach 633 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +6.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 skyrocketed to $53K in 2022. In general, imports recorded a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (425.0 units)
2. Singapore (100.0 units)
3. Switzerland (45.0 units)
4. Sweden (43.0 units)
5. United Arab Emirates (4.0 units)

Exports of Watch Cases and Parts Thereof in Bahrain

In 2022, watch cases and parts thereof exports from Bahrain declined remarkably to 2 units, waning by -89.5% against 2021. In general, exports saw a significant contraction. The pace of growth was the most pronounced in 2021 with an increase of 375% against the previous year. As a result, the exports reached the peak of 19 units, and then fell rapidly in the following year.

In value terms, watch cases and parts thereof exports shrank notably to $2K in 2022. Overall, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 14,932%. As a result, the exports attained the peak of $35K, and then fell significantly in the following year.

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

1. United Arab Emirates (2.0 units)

Source: IndexBox Market Intelligence Platform