Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Spain - 2023

Contents:

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

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

The average import price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $30 per unit in 2022, reducing by -31.2% against the previous year. Over the period under review, the import price, however, recorded a noticeable increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 303%. Over the period under review, average import prices hit record highs at $53 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($136 per unit), while the price for Poland ($0.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+101.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $360 per unit, waning by -23.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 324%. Over the period under review, the average export prices attained the peak figure at $469 per unit in 2021, and then contracted sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($607 per unit), while the average price for exports to Greece ($2.3 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 Iceland (+405.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of watch movements; complete and assembled, not automatic winding or electrically operateds into Spain fell to 5K units in 2022, remaining constant against the previous year. Overall, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Over the period under review, imports of attained the peak figure at 14K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds plummeted to $148K in 2022. Over the period under review, imports showed a mild descent. The pace of growth was the most pronounced in 2021 with an increase of 41%. As a result, imports attained the peak of $215K, and then dropped dramatically in the following year.

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

1. Poland (2401.0 units)
2. Switzerland (853.0 units)
3. Netherlands (657.0 units)
4. Germany (514.0 units)
5. Hong Kong SAR (267.0 units)
6. Japan (163.0 units)
7. China (43.0 units)
8. United Kingdom (23.0 units)

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

Exports of watch movements; complete and assembled, not automatic winding or electrically operateds from Spain declined significantly to 353 units in 2022, reducing by -16.7% on 2021. Overall, exports faced a significant contraction. The growth pace was the most rapid in 2021 when exports increased by 32% against the previous year. The exports peaked at 1.1K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds contracted dramatically to $127K in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 50%. As a result, the exports attained the peak of $199K, and then dropped markedly in the following year.

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

1. Netherlands (167.0 units)
2. Morocco (103.0 units)
3. Greece (33.0 units)
4. United Kingdom (5.0 units)
5. France (3.0 units)

Source: IndexBox Market Intelligence Platform