Price for Watch Cases and Parts Thereof in China - 2023
Contents:
- Price for Watch Cases and Parts Thereof in China (FOB) - 2022
- Price for Watch Cases and Parts Thereof in China (CIF) - 2022
- Exports of Watch Cases and Parts Thereof in China
- Imports of Watch Cases and Parts Thereof in China
Price for Watch Cases and Parts Thereof in China (FOB) - 2022
In 2022, the average export price for watch cases and parts thereoves amounted to $2.7 per unit, with an increase of 34% against the previous year. Over the period under review, the export price recorded a strong increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 67% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($11 per unit), while the average price for exports to Myanmar ($0.1 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 Brazil (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Watch Cases and Parts Thereof in China (CIF) - 2022
The average import price for watch cases and parts thereoves stood at $2.8 per unit in 2022, which is down by -38.4% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, watch cases and parts thereof import price decreased by -41.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 32%. Over the period under review, average import prices attained the maximum at $4.8 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
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 ($32 per unit), while the price for Japan ($1.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Watch Cases and Parts Thereof in China
In 2022, watch cases and parts thereof exports from China dropped to 29M units, falling by -7.9% on 2021. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. The exports peaked at 42M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, watch cases and parts thereof exports soared to $79M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 34%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Watch Cases and Parts Thereof in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 4.2 | 4.0 | 9.2 | 11.9 | 41.5% |
| Thailand | 0.2 | 0.4 | 0.6 | 2.2 | 122.4% |
| Finland | 0.1 | N/A | 0.5 | 1.2 | 128.9% |
| Brazil | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Malaysia | 2.5 | 1.1 | 0.1 | 0.2 | -56.9% |
| Turkey | 0.1 | N/A | N/A | 0.1 | 0.0% |
| India | N/A | N/A | N/A | 0.1 | 0% |
| United States | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Hong Kong SAR | 36.7 | N/A | N/A | N/A | 0% |
| Myanmar | 0.1 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 0.5 | N/A | N/A | N/A | 0% |
| Others | 1.0 | 41.7 | 53.5 | 63.2 | 298.3% |
| Total | 45.4 | 47.6 | 64.0 | 79.2 | 20.4% |
Top Export Markets for Watch Cases and Parts Thereof from China in 2022:
- Myanmar (undefinedM units)
- Thailand (4.5M units)
- India (1.4M units)
- Finland (1.1M units)
- Switzerland (1.1M units)
- Turkey (0.6M units)
- Brazil (0.2M units)
- United States (0.2M units)
- Malaysia (0.1M units)
Imports of Watch Cases and Parts Thereof in China
In 2022, the amount of watch cases and parts thereoves imported into China skyrocketed to 13M units, increasing by 344% on the year before. Over the period under review, imports enjoyed a significant increase. 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 soared to $35M in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Watch Cases and Parts Thereof in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 4.0 | 1.5 | 1.8 | 5.2 | 9.1% |
| Malaysia | 2.8 | 0.6 | 0.5 | 1.8 | -13.7% |
| Thailand | 2.1 | 0.7 | 0.7 | 1.2 | -17.0% |
| Vietnam | 2.4 | 0.5 | 0.5 | 0.8 | -30.7% |
| South Korea | 0.1 | N/A | 0.2 | 0.7 | 91.3% |
| Japan | 0.9 | 0.2 | 0.2 | 0.5 | -17.8% |
| Hong Kong SAR | 0.7 | N/A | N/A | N/A | 0% |
| Others | 0.7 | 8.1 | 9.0 | 25.0 | 229.3% |
| Total | 13.9 | 11.7 | 12.8 | 35.1 | 36.2% |
Top Suppliers of Watch Cases and Parts Thereof to China in 2022:
- South Korea (undefinedM units)
- Thailand (0.5M units)
- Japan (0.4M units)
- Switzerland (0.2M units)
- Malaysia (0.1M units)
- Vietnam (0.1M units)
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