Price for Watch Movements; Complete and Assembled in Indonesia - 2022
Contents:
- Price for Watch Movements; Complete and Assembled in Indonesia (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in Indonesia (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in Indonesia
- Exports of Watch Movements; Complete and Assembled in Indonesia
Price for Watch Movements; Complete and Assembled in Indonesia (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembleds amounted to $21 per unit, jumping by 20% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 172% against the previous year. As a result, import price reached the peak level of $54 per unit. From 2018 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($774 per unit), while the price for Singapore ($14 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+491.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled in Indonesia (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembleds amounted to $32 per unit, shrinking by -5.8% against the previous year. Overall, the export price showed a pronounced descent. The pace of growth was the most pronounced in 2018 when the average export price increased by 77%. The export price peaked at $42 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($57 per unit), while the average price for exports to Brunei Darussalam ($2.8 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 Germany (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Watch Movements; Complete and Assembled in Indonesia
Watch movements; complete and assembled imports into Indonesia contracted notably to 8.8K units in 2022, waning by -15.1% against 2021. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 8.8%. As a result, imports attained the peak of 10K units, and then dropped notably in the following year.
In value terms, watch movements; complete and assembled imports amounted to $186K in 2022. In general, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 22%. Over the period under review, imports attained the maximum at $284K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Watch Movements; Complete and Assembled in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 124 | 122 | 140 | 124 | 0.0% |
| Others | 159 | 28.6 | 43.1 | 62.1 | -26.9% |
| Total | 284 | 151 | 183 | 186 | -13.2% |
Top Suppliers of Watch Movements; Complete and Assembled to Indonesia in 2022:
- Singapore (8.7K units)
Exports of Watch Movements; Complete and Assembled in Indonesia
In 2022, approx. 1.1K units of watch movements; complete and assembleds were exported from Indonesia; waning by -18.5% on the previous year. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. As a result, the exports attained the peak of 1.4K units, and then declined dramatically in the following year.
In value terms, watch movements; complete and assembled exports fell sharply to $36K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 87%. As a result, the exports attained the peak of $47K, and then declined rapidly in the following year.
| Export of Watch Movements; Complete and Assembled in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 15.0 | 18.0 | 11.8 | 19.5 | 9.1% |
| United States | 0.4 | 0.8 | 13.6 | 9.6 | 188.4% |
| Singapore | 0.1 | 0.2 | 0.4 | 2.9 | 207.2% |
| Germany | 0.9 | 1.4 | 1.8 | 1.1 | 6.9% |
| Switzerland | 0.3 | 0.7 | 0.1 | 0.4 | 10.1% |
| Brunei Darussalam | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| China | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Oman | N/A | 1.5 | 10.2 | N/A | 580.0% |
| Others | 1.2 | 2.1 | 8.3 | 2.0 | 18.6% |
| Total | 18.2 | 24.9 | 46.6 | 35.8 | 25.3% |
Top Export Markets for Watch Movements; Complete and Assembled from Indonesia in 2022:
- Malaysia (590.0 units)
- United States (291.0 units)
- Singapore (52.0 units)
- Brunei Darussalam (46.0 units)
- Germany (33.0 units)
- Switzerland (28.0 units)
- China (14.0 units)
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This report provides an in-depth analysis of the assembled watch movements market in Indonesia.
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Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
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This report provides an in-depth analysis of the assembled watch movements market in Indonesia.
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Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
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