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

Contents:

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

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

The average import price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $365 per unit in 2022, increasing by 18% against the previous year. Over the period under review, the import price recorded significant growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 272% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Free Zones amounted to +41.1% per year.

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

In 2022, the average export price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $80 per unit, waning by -13.7% against the previous year. Over the period under review, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 319%. As a result, the export price reached the peak level of $370 per unit. From 2019 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 Singapore ($655 per unit), while the average price for exports to Ecuador ($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 Nicaragua (+8.0%), while the prices for the other major destinations experienced a decline.

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

In 2022, purchases abroad of watch movements; complete and assembled, not automatic winding or electrically operateds decreased by -40% to 6 units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a sharp decrease. The pace of growth was the most pronounced in 2020 when imports increased by 67%. As a result, imports attained the peak of 1.4K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds contracted significantly to $2.2K in 2022. Overall, imports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 97%. As a result, imports attained the peak of $413K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. United Kingdom (6.0 units)

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

In 2022, approx. 10 units of watch movements; complete and assembled, not automatic winding or electrically operateds were exported from Panama; picking up by 11% on 2021. Over the period under review, exports, however, saw a abrupt curtailment. Over the period under review, the exports of attained the maximum at 14 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 fell modestly to $804 in 2022. In general, exports, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 9.4%. The exports peaked at $1.5K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Honduras (1.0 units)
2. Singapore (1.0 units)
3. Uruguay (1.0 units)
4. Costa Rica (1.0 units)
5. Trinidad and Tobago (1.0 units)
6. Guatemala (1.0 units)
7. Guyana (1.0 units)
8. Switzerland (1.0 units)
9. Venezuela (1.0 units)
10. Ecuador (1.0 units)

Source: IndexBox Market Intelligence Platform