Price for Watch Cases and Parts Thereof in Luxembourg - 2023
Contents:
- Price for Watch Cases and Parts Thereof in Luxembourg (FOB) - 2022
- Price for Watch Cases and Parts Thereof in Luxembourg (CIF) - 2022
- Exports of Watch Cases and Parts Thereof in Luxembourg
- Imports of Watch Cases and Parts Thereof in Luxembourg
Price for Watch Cases and Parts Thereof in Luxembourg (FOB) - 2022
The average export price for watch cases and parts thereoves stood at $33 per unit in 2022, shrinking by -18.4% against the previous year. In general, the export price recorded a pronounced downturn. The pace of growth was the most pronounced in 2018 an increase of 137% against the previous year. Over the period under review, the average export prices reached the peak figure at $45 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($34 per unit), while the average price for exports to Belgium amounted to $30 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+17.5%).
Price for Watch Cases and Parts Thereof in Luxembourg (CIF) - 2022
In 2022, the average import price for watch cases and parts thereoves amounted to $12 per unit, surging by 27% against the previous year. Overall, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 582%. As a result, import price reached the peak level of $114 per unit. From 2020 to 2022, the average 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 the Netherlands ($30 per unit), while the price for China ($3.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Watch Cases and Parts Thereof in Luxembourg
In 2022, the amount of watch cases and parts thereoves exported from Luxembourg contracted sharply to 14K units, which is down by -65.9% against 2021 figures. In general, exports continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2021 when exports increased by 37%. As a result, the exports attained the peak of 40K units, and then declined markedly in the following year.
In value terms, watch cases and parts thereof exports shrank notably to $455K in 2022. Over the period under review, exports recorded a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 49%. As a result, the exports attained the peak of $1.6M, and then fell significantly in the following year.
| Export of Watch Cases and Parts Thereof in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 831 | 1,096 | 1,637 | 455 | -18.2% |
| Belgium | 416 | 2.2 | N/A | 0.1 | -93.8% |
| France | 119 | N/A | 0.1 | N/A | -97.1% |
| Others | N/A | 0.6 | 1.2 | 0.2 | -42.3% |
| Total | 1,366 | 1,099 | 1,639 | 455 | -30.7% |
Top Export Markets for Watch Cases and Parts Thereof from Luxembourg in 2022:
- Belgium (undefinedK units)
- Switzerland (13.6K units)
Imports of Watch Cases and Parts Thereof in Luxembourg
After three years of growth, overseas purchases of watch cases and parts thereoves decreased by -91% to 9K units in 2022. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 937% against the previous year. Imports peaked at 100K units in 2021, and then reduced sharply in the following year.
In value terms, watch cases and parts thereof imports contracted significantly to $110K in 2022. Overall, imports saw a dramatic contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. As a result, imports reached the peak of $958K, and then shrank significantly in the following year.
| Import of Watch Cases and Parts Thereof in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 24.5 | 131 | 184 | 27.8 | 4.3% |
| Netherlands | 0.6 | 4.3 | 64.1 | 24.9 | 246.2% |
| Belgium | 9.9 | 112 | 300 | 23.9 | 34.1% |
| Germany | 1.8 | 107 | 240 | 17.6 | 113.8% |
| China | 1.8 | 1.2 | 20.5 | 5.1 | 41.5% |
| France | N/A | 2.8 | 126 | 4.5 | 26.8% |
| United Kingdom | N/A | 91.7 | 1.0 | 0.5 | -92.6% |
| Others | 545 | 187 | 20.7 | 5.2 | -78.8% |
| Total | 584 | 637 | 958 | 110 | -42.7% |
Top Suppliers of Watch Cases and Parts Thereof to Luxembourg in 2022:
- United Kingdom (undefinedK units)
- Switzerland (2.9K units)
- Belgium (2.6K units)
- China (1.3K units)
- Netherlands (0.8K units)
- Germany (0.7K units)
- France (0.5K units)
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