Price for Watch Movements; Complete and Assembled in Greece - 2023
Contents:
- Price for Watch Movements; Complete and Assembled in Greece (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in Greece (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in Greece
- Exports of Watch Movements; Complete and Assembled in Greece
Price for Watch Movements; Complete and Assembled in Greece (CIF) - 2022
The average import price for watch movements; complete and assembleds stood at $28 per unit in 2022, growing by 86% against the previous year. Overall, the import price posted a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 136% against the previous year. As a result, import price attained the peak level of $51 per unit. From 2021 to 2022, the average 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 the Netherlands ($343 per unit), while the price for Spain ($4.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+30.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled in Greece (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembleds amounted to $37 per unit, reducing by -62.3% against the previous year. In general, the export price, however, showed a resilient expansion. The pace of growth was the most pronounced in 2017 an increase of 328%. Over the period under review, the average export prices attained the peak figure at $98 per unit in 2021, and then dropped sharply in the following year.
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 Netherlands ($188 per unit), while the average price for exports to Spain ($16 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 France (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Watch Movements; Complete and Assembled in Greece
In 2022, imports of watch movements; complete and assembleds into Greece contracted modestly to 46K units, dropping by -4.6% compared with 2021. In general, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 180%. As a result, imports reached the peak of 49K units, and then shrank modestly in the following year.
In value terms, watch movements; complete and assembled imports skyrocketed to $1.3M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Watch Movements; Complete and Assembled in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 348 | 296 | 140 | 539 | 15.7% |
| Germany | 4.0 | 5.1 | 7.1 | 271 | 307.7% |
| Switzerland | 167 | 94.3 | 120 | 131 | -7.8% |
| Italy | N/A | N/A | 62.4 | 87.2 | 39.7% |
| France | 4.9 | 4.4 | 18.1 | 68.6 | 141.0% |
| Japan | 79.5 | 7.4 | 10.6 | 52.9 | -12.7% |
| Spain | 9.2 | 5.9 | 135 | 12.0 | 9.3% |
| China | 3.3 | 8.8 | 5.6 | 1.9 | -16.8% |
| Czech Republic | 176 | 463 | 208 | N/A | 8.7% |
| Others | 0.2 | 0.1 | 19.9 | 123 | 750.4% |
| Total | 792 | 885 | 726 | 1,287 | 17.6% |
Top Suppliers of Watch Movements; Complete and Assembled to Greece in 2022:
- Italy (15.5K units)
- Japan (10.3K units)
- Germany (9.5K units)
- France (3.0K units)
- Spain (2.7K units)
- Switzerland (2.5K units)
- Netherlands (1.6K units)
- China (0.3K units)
Exports of Watch Movements; Complete and Assembled in Greece
In 2022, approx. 3.6K units of watch movements; complete and assembleds were exported from Greece; picking up by 288% on 2021 figures. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, watch movements; complete and assembled exports skyrocketed to $133K in 2022. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 189%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.
| Export of Watch Movements; Complete and Assembled in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 17.7 | 27.9 | 35.6 | 58.2 | 48.7% |
| Spain | 0.1 | N/A | N/A | 40.0 | 636.8% |
| Netherlands | N/A | 0.3 | 29.8 | 34.7 | 975.5% |
| Cyprus | 0.9 | 0.1 | 0.1 | N/A | -66.7% |
| Italy | N/A | N/A | 19.1 | N/A | 0% |
| Romania | N/A | N/A | 5.2 | N/A | 0% |
| Others | 0.6 | 3.2 | 1.2 | N/A | 41.4% |
| Total | 19.3 | 31.5 | 91.0 | 133 | 90.3% |
Top Export Markets for Watch Movements; Complete and Assembled from Greece in 2022:
- Spain (2573.0 units)
- Switzerland (828.0 units)
- Netherlands (185.0 units)
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