Price for Watch Cases and Parts Thereof in Myanmar - 2022

Contents:

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

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

The average import price for watch cases and parts thereoves stood at $8.1 per unit in 2022, shrinking by -20.8% against the previous year. Overall, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of 472% against the previous year. The import price peaked at $21 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($8.7 per unit), while the price for China ($4.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+117.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for watch cases and parts thereoves amounted to $63 per unit, stabilizing at the previous year. Over the period under review, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 324%. As a result, the export price attained the peak level of $203 per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($67 per unit), while the average price for exports to China amounted to $46 per unit.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+6.9%).

Imports of Watch Cases and Parts Thereof in Myanmar

In 2022, after two years of decline, there was significant growth in purchases abroad of watch cases and parts thereoves, when their volume increased by 2,638% to 575 units. Over the period under review, imports, however, saw a sharp slump. Over the period under review, imports reached the maximum at 93K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, watch cases and parts thereof imports skyrocketed to $4.7K in 2022. In general, imports, however, faced a sharp setback. Over the period under review, imports hit record highs at $105K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. China (419.0 units)
2. Thailand (147.0 units)
3. Japan (10.0 units)

Exports of Watch Cases and Parts Thereof in Myanmar

Watch cases and parts thereof exports from Myanmar stood at 461 units in 2022, approximately reflecting 2021. Overall, exports faced a significant decrease. The smallest decline of 99.9% was in 2021. The exports peaked at 923 units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, watch cases and parts thereof exports stood at $29K in 2022. In general, exports continue to indicate a precipitous setback. The smallest decline of 99.9% was in 2021. The exports peaked at $58K in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

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

1. Thailand (380.0 units)
2. China (81.0 units)

Source: IndexBox Market Intelligence Platform