Price for Watch Cases and Parts Thereof in Ecuador - 2022

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

In 2022, the average import price for watch cases and parts thereoves amounted to $13 per unit, approximately reflecting the previous year. In general, the import price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 19% against the previous year. The import price peaked at $25 per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Hong Kong SAR ($67 per unit), while the price for China stood at $9.4 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+14.0%).

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

The average export price for watch cases and parts thereoves stood at $22 per unit in 2022, growing by 2.2% against the previous year. In general, the export price recorded a tangible increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 83% against the previous year. Over the period under review, the average export prices hit record highs at $39 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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 States ($91 per unit), while the average price for exports to Switzerland amounted to $2.8 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+20.2%).

Imports of Watch Cases and Parts Thereof in Ecuador

Watch cases and parts thereof imports into Ecuador shrank significantly to 1.6K units in 2022, waning by -36.1% on 2021 figures. In general, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 250% against the previous year. As a result, imports attained the peak of 2.5K units, and then contracted notably in the following year.

In value terms, watch cases and parts thereof imports contracted markedly to $22K in 2022. Overall, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 250% against the previous year. As a result, imports reached the peak of $34K, and then shrank notably in the following year.

Import of Watch Cases and Parts Thereof in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	11.4	4.7	22.4	14.7	8.8%
Others	4.6	4.9	11.2	6.9	14.5%
Total	16.0	9.6	33.6	21.6	10.5%

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

China (1562.0 units)

Exports of Watch Cases and Parts Thereof in Ecuador

Watch cases and parts thereof exports from Ecuador was estimated at 1 units in 2022, leveling off at the year before. Overall, exports recorded a relatively flat trend pattern. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, watch cases and parts thereof exports rose notably to $14 in 2022. In general, exports showed a deep downturn. Over the period under review, the exports reached the maximum at $20 in 2019; however, from 2020 to 2022, the exports remained at a lower figure.