Price for Watch Cases and Parts Thereof in Greece - 2023

Contents:

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

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

In 2022, the average import price for watch cases and parts thereoves amounted to $17 per unit, rising by 264% against the previous year. Over the period under review, the import price, however, recorded a pronounced descent. Over the period under review, average import prices hit record highs at $34 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($41 per unit), while the price for Austria ($0.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for watch cases and parts thereoves amounted to $103 per unit, growing by 96% against the previous year. Over the period under review, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 835% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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 Switzerland ($141 per unit), while the average price for exports to the UK ($16 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 the Netherlands (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Watch Cases and Parts Thereof in Greece

In 2022, the amount of watch cases and parts thereoves imported into Greece declined notably to 1.3K units, falling by -77% compared with 2021. Over the period under review, imports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 108% against the previous year. As a result, imports reached the peak of 5.8K units, and then declined markedly in the following year.

In value terms, watch cases and parts thereof imports dropped sharply to $23K in 2022. In general, imports faced a precipitous decline. Imports peaked at $70K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Watch Cases and Parts Thereof in Greece (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland24.416.90.76.8-34.7%
Germany12.26.310.95.7-22.4%
China14.49.95.45.7-26.6%
Netherlands14.314.97.84.7-31.0%
BelgiumN/AN/A0.4N/A0%
Italy2.70.12.2N/A-9.7%
Others1.80.30.30.2-51.9%
Total69.848.427.723.1-30.8%

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

  1. Germany (498.0 units)
  2. Netherlands (358.0 units)
  3. China (254.0 units)
  4. Switzerland (166.0 units)

Exports of Watch Cases and Parts Thereof in Greece

For the fourth year in a row, Greece recorded growth in overseas shipments of watch cases and parts thereoves, which increased by 439% to 291 units in 2022. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, watch cases and parts thereof exports skyrocketed to $30K in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Watch Cases and Parts Thereof in Greece (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
GermanyN/AN/AN/A27.60%
NetherlandsN/AN/AN/A1.30%
Switzerland0.51.82.20.817.0%
Cyprus0.10.40.70.226.0%
United Kingdom0.1N/AN/A0.10.0%
United Arab Emirates0.3N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total1.02.22.829.9210.4%

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

  1. Germany (250.0 units)
  2. Netherlands (17.0 units)
  3. Cyprus (9.0 units)
  4. United Kingdom (9.0 units)
  5. Switzerland (6.0 units)

Source: IndexBox Market Intelligence Platform

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