Price for Watch Movements; Complete and Assembled in Belarus - 2022

Contents:

  1. Price for Watch Movements; Complete and Assembled in Belarus (CIF) - 2022
  2. Price for Watch Movements; Complete and Assembled in Belarus (FOB) - 2022
  3. Imports of Watch Movements; Complete and Assembled in Belarus
  4. Exports of Watch Movements; Complete and Assembled in Belarus

Price for Watch Movements; Complete and Assembled in Belarus (CIF) - 2022

In 2022, the average import price for watch movements; complete and assembleds amounted to $4.6 per unit, picking up by 4% against the previous year. Over the period under review, the import price, however, showed a mild decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 30%. Over the period under review, average import prices hit record highs at $5.4 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($29 per unit), while the price for China ($1.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-2.1%), while the prices for the other major suppliers experienced a decline.

Price for Watch Movements; Complete and Assembled in Belarus (FOB) - 2022

In 2022, the average export price for watch movements; complete and assembleds amounted to $4.3 per unit, picking up by 2.5% against the previous year. Overall, the export price, however, recorded a perceptible decline. The growth pace was the most rapid in 2020 an increase of 309%. As a result, the export price attained the peak level of $17 per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($54 per unit), while the average price for exports to Russia ($2.2 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 Kazakhstan (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Watch Movements; Complete and Assembled in Belarus

In 2022, imports of watch movements; complete and assembleds into Belarus dropped dramatically to 16K units, waning by -33.8% against the year before. Overall, imports faced a sharp slump. The growth pace was the most rapid in 2021 with an increase of 225%. Imports peaked at 42K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, watch movements; complete and assembled imports declined significantly to $74K in 2022. Over the period under review, imports saw a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 166%. Imports peaked at $211K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Watch Movements; Complete and Assembled in Belarus (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland33.310.332.724.1-10.2%
Japan23.86.321.322.8-1.4%
China1326.231.89.4-58.6%
Hong Kong SAR11.58.110.34.0-29.7%
France0.10.93.03.2217.5%
Thailand2.21.41.82.0-3.1%
Russia0.30.41.61.778.3%
Others8.06.94.86.6-6.2%
Total21140.410773.8-29.5%

Top Suppliers of Watch Movements; Complete and Assembled to Belarus in 2022:

  1. China (5.5K units)
  2. Japan (5.3K units)
  3. Hong Kong SAR (1.8K units)
  4. France (1.2K units)
  5. Switzerland (0.8K units)
  6. Thailand (0.5K units)
  7. Russia (0.5K units)

Exports of Watch Movements; Complete and Assembled in Belarus

In 2022, exports of watch movements; complete and assembleds from Belarus fell sharply to 1.1K units, which is down by -47.4% compared with the previous year's figure. In general, exports faced a precipitous decline. The pace of growth appeared the most rapid in 2021 with an increase of 5,215%. Over the period under review, the exports hit record highs at 5.6K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, watch movements; complete and assembled exports contracted dramatically to $4.8K in 2022. Overall, exports continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 1,188%. Over the period under review, the exports hit record highs at $24K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Watch Movements; Complete and Assembled in Belarus (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia8.4N/A3.82.4-34.1%
China5.90.43.92.3-26.9%
Kazakhstan9.60.31.30.1-78.2%
OthersN/AN/AN/AN/A0%
Total24.00.79.04.8-41.5%

Top Export Markets for Watch Movements; Complete and Assembled from Belarus in 2022:

  1. Russia (1068.0 units)
  2. China (43.0 units)
  3. Kazakhstan (5.0 units)

Source: IndexBox Market Intelligence Platform

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