Price for Watch Cases and Parts Thereof in New Zealand - 2023

Contents:

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

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

The average import price for watch cases and parts thereoves stood at $52 per unit in 2022, falling by -21% against the previous year. In general, the import price, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2016 an increase of 96%. Over the period under review, average import prices hit record highs at $150 per unit in 2019; however, from 2020 to 2022, 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 Hong Kong SAR ($180 per unit), while the price for Germany ($9.3 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 (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for watch cases and parts thereoves amounted to $90 per unit, leveling off at the previous year. Overall, the export price recorded noticeable growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 86% against the previous year. As a result, the export price attained the peak level of $190 per unit. From 2017 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +27.1% per year.

Imports of Watch Cases and Parts Thereof in New Zealand

In 2022, imports of watch cases and parts thereoves into New Zealand contracted sharply to 553 units, dropping by -54.4% compared with 2021 figures. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 168%. As a result, imports attained the peak of 1.2K units, and then dropped remarkably in the following year.

In value terms, watch cases and parts thereof imports declined notably to $29K in 2022. Over the period under review, imports faced a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Imports peaked at $84K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. Germany (224.0 units)
2. China (214.0 units)
3. Switzerland (56.0 units)
4. Sweden (44.0 units)
5. Australia (9.0 units)

Exports of Watch Cases and Parts Thereof in New Zealand

In 2022, shipments abroad of watch cases and parts thereoves decreased by -28% to 183 units, falling for the second consecutive year after two years of growth. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 1.2%. As a result, the exports attained the peak of 255 units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, watch cases and parts thereof exports reduced markedly to $17K in 2022. Over the period under review, exports continue to indicate a abrupt slump. The smallest decline of -15.1% was in 2021. Over the period under review, the exports reached the peak figure at $32K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

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

1. Australia (181.0 units)

Source: IndexBox Market Intelligence Platform