Price for Watch Cases and Parts Thereof in Norway - 2023

Contents:

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

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

In 2022, the average import price for watch cases and parts thereoves amounted to $23 per unit, with an increase of 6.5% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, watch cases and parts thereof import price increased by +106.5% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 54% against the previous year. The import price peaked at $25 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($47 per unit), while the price for Denmark ($2.3 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 (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for watch cases and parts thereoves amounted to $30 per unit, reducing by -11.4% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 159% against the previous year. Over the period under review, the average export prices attained the peak figure at $46 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($83 per unit), while the average price for exports to Saudi Arabia ($8.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Watch Cases and Parts Thereof in Norway

In 2022, imports of watch cases and parts thereoves into Norway was estimated at 23K units, picking up by 14% against the year before. Over the period under review, imports, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2020 when imports increased by 23% against the previous year. As a result, imports attained the peak of 30K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, watch cases and parts thereof imports surged to $539K in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +94.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 61%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

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

1. Switzerland (6.5K units)
2. China (5.8K units)
3. Germany (3.6K units)
4. Denmark (3.5K units)
5. Hong Kong SAR (1.2K units)
6. United Kingdom (1.1K units)
7. Sweden (0.6K units)

Exports of Watch Cases and Parts Thereof in Norway

Watch cases and parts thereof exports from Norway skyrocketed to 2.3K units in 2022, jumping by 44% against 2021. Overall, exports, however, continue to indicate a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of 116% against the previous year. Over the period under review, the exports attained the maximum at 2.4K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, watch cases and parts thereof exports surged to $67K in 2022. Over the period under review, exports posted a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 200%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

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

1. Germany (872.0 units)
2. Sweden (839.0 units)
3. Finland (205.0 units)
4. Switzerland (166.0 units)
5. Denmark (87.0 units)
6. Saudi Arabia (70.0 units)
7. Lithuania (35.0 units)

Source: IndexBox Market Intelligence Platform