Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Azerbaijan - 2023

Contents:

1. Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Azerbaijan (CIF) - 2022
2. Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Azerbaijan (FOB) - 2022
3. Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Azerbaijan
4. Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Azerbaijan

Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Azerbaijan (CIF) - 2022

The average import price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $136 per unit in 2022, increasing by 71% against the previous year. Overall, the import price enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2021 an increase of 985%. Over the period under review, average import prices reached the maximum at $180 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 ($176 per unit), while the price for China amounted to $16 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+10.1%), while the prices for the other major suppliers experienced a decline.

Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Azerbaijan (FOB) - 2022

In 2022, the average export price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $3 per unit, picking up by 15% against the previous year. Over the period from 2021 to 2022, it increased at an average annual rate of +15.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2021 to 2022, the rate of growth in terms of prices for Georgia amounted to +50.0% per year.

Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Azerbaijan

In 2022, imports of watch movements; complete and assembled, not automatic winding or electrically operateds into Azerbaijan shrank significantly to 4 units, reducing by -50% compared with 2021. In general, imports faced a sharp decline. Imports peaked at 58 units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds declined to $544 in 2022. Overall, total imports indicated buoyant growth from 2020 to 2022: its value increased at an average annual rate of +13.1% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.0% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 50%. As a result, imports attained the peak of $636, and then contracted in the following year.

Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to Azerbaijan in 2022:

1. Switzerland (3.0 units)
2. China (1.0 units)

Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Azerbaijan

In 2022, approx. 2 units of watch movements; complete and assembled, not automatic winding or electrically operateds were exported from Azerbaijan; with a decrease of -60% against the previous year. Over the period under review, exports saw a sharp shrinkage. Over the period under review, the exports of reached the peak figure at 5 units in 2021, and then declined sharply in the following year.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds reduced rapidly to $6 in 2022. In general, exports saw a significant curtailment. Over the period under review, the exports of attained the peak figure at $13 in 2021, and then contracted markedly in the following year.

Top Export Markets for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated from Azerbaijan in 2022:

1. Georgia (2.0 units)

Source: IndexBox Market Intelligence Platform