Price for Watch Cases and Parts Thereof in Pakistan - 2023

Contents:

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

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

The average import price for watch cases and parts thereoves stood at $0.3 per unit in 2022, picking up by 18% against the previous year. In general, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 54%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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 ($0.8 per unit), while the price for China ($0.3 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 (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for watch cases and parts thereoves stood at $190 per unit in 2022, increasing by 42% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 43%. As a result, the export price attained the peak level of $240 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,661 per unit), while the average price for exports to Sweden ($45 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 Sweden (+379.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Watch Cases and Parts Thereof in Pakistan

In 2022, purchases abroad of watch cases and parts thereoves increased by 28% to 975K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt setback. Over the period under review, imports hit record highs at 1.8M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, watch cases and parts thereof imports surged to $323K in 2022. Over the period under review, imports, however, showed a perceptible shrinkage. Imports peaked at $370K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

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

1. China (810.3K units)
2. Hong Kong SAR (111.3K units)
3. Switzerland (16.2K units)

Exports of Watch Cases and Parts Thereof in Pakistan

In 2022, shipments abroad of watch cases and parts thereoves was finally on the rise to reach 10 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a sharp contraction. The exports peaked at 29 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, watch cases and parts thereof exports soared to $1.9K in 2022. Over the period under review, exports, however, continue to indicate a dramatic contraction. The exports peaked at $4.9K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. United Arab Emirates (9.0 units)
2. Sweden (1.0 units)

Source: IndexBox Market Intelligence Platform