Price for Watch Cases and Parts Thereof in India - 2023
Contents:
- Price for Watch Cases and Parts Thereof in India (FOB) - 2022
- Price for Watch Cases and Parts Thereof in India (CIF) - 2022
- Exports of Watch Cases and Parts Thereof in India
- Imports of Watch Cases and Parts Thereof in India
Price for Watch Cases and Parts Thereof in India (FOB) - 2022
The average export price for watch cases and parts thereoves stood at $1 per unit in 2022, jumping by 73% against the previous year. Overall, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2015 an increase of 146% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($1.7 per unit), while the average price for exports to Nepal (less than $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 Bangladesh (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Watch Cases and Parts Thereof in India (CIF) - 2022
In 2022, the average import price for watch cases and parts thereoves amounted to $0.3 per unit, falling by -6.4% against the previous year. In general, the import price, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 122%. The import price peaked at $0.4 per unit in 2021, and then shrank 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 Switzerland ($1.1 per unit), while the price for China ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Watch Cases and Parts Thereof in India
After three years of growth, overseas shipments of watch cases and parts thereoves decreased by -11.7% to 2.5M units in 2022. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.9% 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 +47.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. As a result, the exports reached the peak of 2.8M units, and then fell in the following year.
In value terms, watch cases and parts thereof exports skyrocketed to $2.4M in 2022. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 169%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Watch Cases and Parts Thereof in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 687 | 480 | 1,393 | 2,300 | 49.6% |
| Switzerland | 8.2 | N/A | 1.6 | 29.9 | 53.9% |
| Bangladesh | 3.4 | 0.6 | 6.9 | 11.9 | 51.8% |
| United States | 10.7 | 66.2 | 62.0 | 11.2 | 1.5% |
| Sri Lanka | N/A | 18.7 | 18.2 | 9.5 | -28.7% |
| Germany | N/A | 9.4 | N/A | N/A | 0% |
| Others | 4.9 | 9.4 | 90.9 | 42.1 | 104.8% |
| Total | 714 | 585 | 1,573 | 2,405 | 49.9% |
Top Export Markets for Watch Cases and Parts Thereof from India in 2022:
- Philippines (1902.7K units)
- Sri Lanka (191.4K units)
- Bangladesh (176.5K units)
- Switzerland (98.7K units)
- United States (32.6K units)
Imports of Watch Cases and Parts Thereof in India
In 2022, imports of watch cases and parts thereoves into India surged to 4.8M units, with an increase of 32% on 2021 figures. In general, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 144% against the previous year. Over the period under review, imports hit record highs at 7.4M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, watch cases and parts thereof imports surged to $1.7M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 147%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Watch Cases and Parts Thereof in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 381 | 101 | 271 | 601 | 16.4% |
| Hong Kong SAR | 1,076 | 342 | 648 | 573 | -18.9% |
| United States | N/A | 2.5 | 263 | 262 | 923.7% |
| Switzerland | 150 | 87.6 | 153 | 228 | 15.0% |
| Others | 36.3 | 12.6 | 11.4 | 4.2 | -51.3% |
| Total | 1,644 | 545 | 1,346 | 1,667 | 0.5% |
Top Suppliers of Watch Cases and Parts Thereof to India in 2022:
- China (3177.7K units)
- Hong Kong SAR (934.8K units)
- United States (501.9K units)
- Switzerland (200.8K units)
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