Price for Watch Cases and Parts Thereof in Kenya - 2021

Contents:

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

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

The average import price for watch cases and parts thereoves stood at $27 per unit in 2022, with an increase of 8.2% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of 413%. The import price peaked at $130 per unit in 2013; however, from 2014 to 2022, 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 China ($48 per unit), while the price for Sweden ($8.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+59.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for watch cases and parts thereoves amounted to $114 per unit, picking up by 148% against the previous year. In general, the export price recorded a resilient expansion. The pace of growth was the most pronounced in 2013 an increase of 155% against the previous year. Over the period under review, the average export prices hit record highs at $166 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($198 per unit), while the average price for exports to Rwanda stood at $28 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+0.4%).

Imports of Watch Cases and Parts Thereof in Kenya

In 2022, approx. 24 units of watch cases and parts thereoves were imported into Kenya; waning by -7.7% against 2021 figures. In general, imports recorded a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 53%. Over the period under review, imports reached the maximum at 89 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, watch cases and parts thereof imports stood at $652 in 2022. Over the period under review, imports saw a relatively flat trend pattern. Imports peaked at $658 in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. United Arab Emirates (21.0 units)
2. United States (1.0 units)
3. Sweden (1.0 units)

Exports of Watch Cases and Parts Thereof in Kenya

In 2022, shipments abroad of watch cases and parts thereoves decreased by -66.7% to 2 units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 200% against the previous year. The exports peaked at 6 units in 2021, and then reduced rapidly in the following year.

In value terms, watch cases and parts thereof exports dropped rapidly to $228 in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 133% against the previous year. The exports peaked at $279 in 2021, and then reduced rapidly in the following year.

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

1. Tanzania (1.0 units)
2. Rwanda (1.0 units)

Source: IndexBox Market Intelligence Platform