Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Thailand - 2024

Contents:

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

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

The average import price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $218 per unit in 2022, increasing by 40% against the previous year. Overall, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 135%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($231 per unit), while the price for China totaled $30 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+11.8%).

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

The average export price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $245 per unit in 2022, waning by -8.1% against the previous year. In general, the export price, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 989%. Over the period under review, the average export prices reached the peak figure at $267 per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($385 per unit), while the average price for exports to Switzerland ($2 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 Myanmar (+85.2%), 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 Thailand

In 2022, overseas purchases of watch movements; complete and assembled, not automatic winding or electrically operateds decreased by -23.7% to 544 units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a pronounced decrease. The pace of growth was the most pronounced in 2020 when imports increased by 41%. As a result, imports attained the peak of 821 units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds rose rapidly to $119K in 2022. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 113% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

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

1. Switzerland (504.0 units)
2. China (30.0 units)
3. Taiwan (Chinese) (1.0 units)

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

Exports of watch movements; complete and assembled, not automatic winding or electrically operateds from Thailand shrank dramatically to 42 units in 2022, declining by -91.8% on the year before. In general, exports saw a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 122%. The exports peaked at 4K 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 plummeted to $10K in 2022. Overall, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by 168% against the previous year. As a result, the exports attained the peak of $137K, and then declined significantly in the following year.

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

1. Hong Kong SAR (38.0 units)
2. Switzerland (1.0 units)
3. Lao People's Democratic Republic (1.0 units)
4. Myanmar (1.0 units)
5. Singapore (1.0 units)

Source: IndexBox Market Intelligence Platform