Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Korea - 2022
Contents:
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Korea (FOB) - 2022
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Korea (CIF) - 2022
- Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Korea
- Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Korea
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Korea (FOB) - 2022
The average export price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $72 per unit in 2022, which is down by -12.9% against the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The growth pace was the most rapid in 2013 when the average export price increased by 71% against the previous year. The export price peaked at $90 per unit in 2019; however, from 2020 to 2022, the 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 Switzerland ($123 per unit), while the average price for exports to China totaled $71 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Korea (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $141 per unit, which is down by -61.5% against the previous year. Over the period under review, the import price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 43%. The import price peaked at $367 per unit in 2021, and then reduced sharply in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($350 per unit), while the price for the United States ($91 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+402.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Korea
Exports of watch movements; complete and assembled, not automatic winding or electrically operateds from South Korea skyrocketed to 4.9K units in 2022, jumping by 121% on the year before. Over the period under review, exports posted a significant increase. As a result, the exports reached 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 soared to $351K in 2022. In general, exports recorded a significant expansion. As a result, the exports attained 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 South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.3 | 39.7 | 40.6 | 347 | 157.6% |
| Swaziland | 42.4 | 45.4 | 52.3 | N/A | 11.1% |
| Japan | 42.4 | 41.7 | 44.2 | N/A | 2.1% |
| Others | 30.5 | 40.3 | 45.1 | 4.4 | -47.6% |
| Total | 136 | 167 | 182 | 351 | 37.2% |
Top Export Markets for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated from South Korea in 2022:
- China (4.9K units)
Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Korea
In 2022, approx. 1.3K units of watch movements; complete and assembled, not automatic winding or electrically operateds were imported into South Korea; picking up by 236% against the previous year. Over the period under review, imports posted buoyant growth. Over the period under review, imports of reached the maximum at 1.5K 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 skyrocketed to $188K in 2022. Overall, imports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 93% against the previous year. As a result, imports reached the peak of $508K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.5 | 1.1 | N/A | 85.3 | 454.6% |
| Hong Kong SAR | 13.1 | 23.8 | 4.6 | 39.9 | 45.0% |
| Japan | 4.2 | 3.8 | 9.1 | 26.3 | 84.3% |
| Switzerland | 33.3 | 301 | 10.2 | 20.5 | -14.9% |
| China | 18.3 | 44.9 | 5.1 | 8.3 | -23.2% |
| United Kingdom | 0.2 | 0.2 | 0.7 | 6.7 | 222.4% |
| Latvia | 2.7 | N/A | N/A | N/A | 0% |
| Malaysia | 19.2 | N/A | N/A | N/A | 0% |
| Italy | 19.2 | 77.6 | 44.4 | N/A | 52.1% |
| Israel | 145 | 45.9 | 68.4 | N/A | -31.3% |
| Others | 6.7 | 9.7 | 2.6 | 0.7 | -52.9% |
| Total | 263 | 508 | 145 | 188 | -10.6% |
Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to South Korea in 2022:
- United States (941.0 units)
- Japan (153.0 units)
- Hong Kong SAR (114.0 units)
- Switzerland (59.0 units)
- United Kingdom (35.0 units)
- China (24.0 units)
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