Price for Watch Cases and Parts Thereof in Mexico - 2023
Contents:
- Price for Watch Cases and Parts Thereof in Mexico (CIF) - 2022
- Imports of Watch Cases and Parts Thereof in Mexico
Price for Watch Cases and Parts Thereof in Mexico (CIF) - 2022
The average import price for watch cases and parts thereoves stood at $0.5 per unit in 2022, picking up by 33% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 217%. As a result, import price attained the peak level of $0.6 per unit. From 2017 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 Switzerland ($2.4 per unit), while the price for China stood at $0.2 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.6%).
Imports of Watch Cases and Parts Thereof in Mexico
In 2022, imports of watch cases and parts thereoves into Mexico declined dramatically to 119K units, dropping by -19.5% compared with the year before. In general, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. As a result, imports attained the peak of 148K units, and then dropped remarkably in the following year.
In value terms, watch cases and parts thereof imports rose significantly to $61K in 2022. Overall, imports showed a pronounced downturn. The pace of growth was the most pronounced in 2021 with an increase of 12%. Imports peaked at $66K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Watch Cases and Parts Thereof in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 48.3 | 28.8 | 33.2 | 45.3 | -2.1% |
| China | 13.8 | 21.2 | 23.8 | 15.7 | 4.4% |
| Japan | 1.1 | N/A | N/A | N/A | 0% |
| Others | 2.3 | 0.9 | N/A | N/A | -60.9% |
| Total | 65.5 | 50.9 | 57.0 | 61.0 | -2.3% |
Top Suppliers of Watch Cases and Parts Thereof to Mexico in 2022:
- China (100.3K units)
- Switzerland (18.8K units)
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