Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in India - 2023
Contents:
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in India (CIF) - 2022
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in India (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in India
- Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in India
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in India (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to less than $0.1 per unit, falling by -13.3% against the previous year. Overall, the import price recorded a dramatic slump. The growth pace was the most rapid in 2013 an increase of 275% against the previous year. Over the period under review, average import prices reached the peak figure at $2.4 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Hong Kong SAR.
From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to -11.0% per year.
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in India (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $2.4 per unit, which is down by -61.1% against the previous year. In general, the export price continues to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2015 an increase of 687% against the previous year. As a result, the export price attained the peak level of $57 per unit. From 2016 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($7.6 per unit), while the average price for exports to Mauritius ($0.1 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 the United States (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in India
In 2022, the amount of watch movements; complete and assembled, not automatic winding or electrically operateds imported into India surged to 77M units, increasing by 96% compared with the year before. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 122% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds skyrocketed to $2.7M in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 112%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 1.1 | 0.5 | 1.1 | 1.9 | 20.0% |
| Others | 0.3 | 0.2 | 0.5 | 0.8 | 38.7% |
| Total | 1.4 | 0.7 | 1.6 | 2.7 | 24.5% |
Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to India in 2022:
- Hong Kong SAR (76.6M units)
Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in India
In 2022, overseas shipments of watch movements; complete and assembled, not automatic winding or electrically operateds were finally on the rise to reach 10K units after two years of decline. Overall, exports, however, saw a dramatic curtailment. The exports peaked at 156K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds skyrocketed to $26K in 2022. In general, exports, however, continue to indicate a sharp curtailment. The exports peaked at $1.1M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,064 | 217 | N/A | 7.5 | -80.8% |
| United States | N/A | 15.9 | 0.1 | 7.2 | -32.7% |
| South Africa | N/A | N/A | N/A | 1.8 | 0% |
| Albania | N/A | N/A | N/A | 1.3 | 0% |
| Sri Lanka | 0.5 | N/A | N/A | 0.8 | 17.0% |
| Nepal | N/A | N/A | N/A | 0.7 | 0% |
| Mauritius | N/A | N/A | N/A | 0.5 | 0% |
| Hong Kong SAR | 49.3 | 18.9 | 16.3 | N/A | -42.5% |
| Taiwan (Chinese) | N/A | 2.2 | N/A | N/A | 0% |
| Bangladesh | N/A | 0.9 | N/A | N/A | 0% |
| Others | 18.3 | 0.5 | 1.9 | 5.8 | -31.8% |
| Total | 1,132 | 255 | 18.3 | 25.5 | -71.8% |
Top Export Markets for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated from India in 2022:
- Mauritius (5.0K units)
- Switzerland (2.2K units)
- United States (0.9K units)
- Albania (0.8K units)
- South Africa (0.3K units)
- Nepal (0.3K units)
- Sri Lanka (0.3K units)
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This report provides an in-depth analysis of the assembled watch movements market in India.
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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 India.
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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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