Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Kenya - 2022

Contents:

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

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

The average import price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $20 per unit in 2022, which is down by -5.7% against the previous year. Over the period under review, the import price, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 133%. The import price peaked at $21 per unit in 2021, and then contracted in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +51.2% per year.

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

In 2022, the average export price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $22 per unit, surging by 7.5% against the previous year. Over the period under review, the export price posted prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 342%. The export price peaked at $27 per unit in 2019; however, from 2020 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 Rwanda ($31 per unit), while the average price for exports to Uganda stood at $12 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+8.1%).

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

In 2022, approx. 2 units of watch movements; complete and assembled, not automatic winding or electrically operateds were imported into Kenya; dropping by -99.6% compared with the previous year's figure. Overall, imports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2021 with an increase of 98% against the previous year. As a result, imports attained the peak of 551 units, and then reduced markedly in the following year.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds contracted markedly to $39 in 2022. Over the period under review, imports saw a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 235%. As a result, imports reached the peak of $11K, and then fell remarkably in the following year.

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

1. China (2.0 units)

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

In 2022, the amount of watch movements; complete and assembled, not automatic winding or electrically operateds exported from Kenya was estimated at 2 units, therefore, remained relatively stable against the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds reached $43 in 2022. In general, exports continue to indicate a deep reduction. The exports peaked at $53 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

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

1. Rwanda (1.0 units)
2. Uganda (1.0 units)

Source: IndexBox Market Intelligence Platform