Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Japan - 2023
Contents:
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Japan (FOB) - 2022
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Japan (CIF) - 2022
- Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Japan
- Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Japan
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Japan (FOB) - 2022
The average export price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $6.9 per unit in 2022, dropping by -52.4% against the previous year. Overall, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when the average export price increased by 81% against the previous year. The export price peaked at $20 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($28 per unit), while the average price for exports to Germany ($6.3 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 India (+74.4%), while the prices for the other major destinations experienced a decline.
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Japan (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $348 per unit, dropping by -4.5% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for watch movements; complete and assembled, not automatic winding or electrically operateds increased by +106.5% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 52% against the previous year. The import price peaked at $365 per unit in 2021, and then contracted in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($348 per unit), while the price for Germany amounted to $346 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+20.2%).
Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Japan
In 2022, shipments abroad of watch movements; complete and assembled, not automatic winding or electrically operateds increased by 296% to 132K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds skyrocketed to $911K in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 93.1 | 138 | 11.0 | 720 | 97.8% |
| Hong Kong SAR | 107 | 12.8 | 43.9 | 117 | 3.0% |
| India | 237 | 119 | 77.9 | 61.6 | -36.2% |
| Philippines | 34.2 | N/A | N/A | 12.3 | -28.9% |
| South Korea | 6.5 | 12.6 | 11.3 | N/A | 31.9% |
| China | 15.9 | N/A | 314 | N/A | 344.4% |
| Italy | 22.4 | N/A | N/A | N/A | 0% |
| Others | 0.7 | 0.1 | 24.8 | N/A | 495.2% |
| Total | 517 | 283 | 483 | 911 | 20.8% |
Top Export Markets for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated from Japan in 2022:
- Germany (113.4K units)
- Hong Kong SAR (15.0K units)
- India (2.2K units)
- Philippines (1.9K units)
Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Japan
In 2022, imports of watch movements; complete and assembled, not automatic winding or electrically operateds into Japan fell sharply to 827 units, waning by -36.6% against the year before. Overall, imports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year. Imports peaked at 2.6K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds declined rapidly to $288K in 2022. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, imports attained the peak of $476K, and then contracted rapidly in the following year.
| Import of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 424 | 295 | 434 | 274 | -13.5% |
| Germany | N/A | N/A | 31.9 | 7.6 | -76.2% |
| Others | 19.2 | 8.0 | 9.6 | 6.6 | -29.9% |
| Total | 443 | 303 | 476 | 288 | -13.4% |
Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to Japan in 2022:
- Switzerland (786.0 units)
- Germany (22.0 units)
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