Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in the UK - 2023
Contents:
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in the UK (FOB) - 2022
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in the UK (CIF) - 2022
- Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in the UK
- Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in the UK
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in the UK (FOB) - 2022
The average export price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $2,339 per unit in 2022, with an increase of 145% against the previous year. In general, the export price saw a significant increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 320%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($12,700 per unit), while the average price for exports to the United Arab Emirates ($195 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 Macao SAR (+199.6%), 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 the UK (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $33 per unit, reducing by -17.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 48%. The import price peaked at $40 per unit in 2021, and then contracted markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($43 per unit), while the price for China ($5.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), 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 the UK
In 2022, exports of watch movements; complete and assembled, not automatic winding or electrically operateds from the UK dropped markedly to 4K units, which is down by -40.4% compared with the previous year's figure. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 198% against the previous year. As a result, the exports attained the peak of 6.7K units, and then declined notably in the following year.
In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds soared to $9.4M in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 247% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | N/A | 177 | 431 | 4,940 | 428.3% |
| Hong Kong SAR | 132 | 581 | 3,266 | 2,963 | 182.1% |
| Switzerland | 304 | 213 | 986 | 440 | 13.1% |
| United States | 109 | 337 | 697 | 354 | 48.1% |
| Netherlands | 117 | 67.5 | 208 | 280 | 33.8% |
| Germany | 196 | N/A | 44.7 | 49.9 | -36.6% |
| Australia | 1,697 | 2.0 | 156 | 35.5 | -72.4% |
| United Arab Emirates | 6.2 | N/A | N/A | 25.1 | 59.4% |
| Saudi Arabia | N/A | 299 | 307 | 2.7 | -90.5% |
| Colombia | N/A | N/A | 26.7 | N/A | 0% |
| Others | 45.9 | 180 | 313 | 292 | 85.3% |
| Total | 2,608 | 1,856 | 6,435 | 9,382 | 53.2% |
Top Export Markets for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated from the UK in 2022:
- Hong Kong SAR (1894.0 units)
- Switzerland (922.0 units)
- Macao SAR (389.0 units)
- Netherlands (314.0 units)
- Germany (131.0 units)
- United Arab Emirates (129.0 units)
- United States (98.0 units)
- Australia (36.0 units)
- Saudi Arabia (2.0 units)
Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in the UK
In 2022, supplies from abroad of watch movements; complete and assembled, not automatic winding or electrically operateds was finally on the rise to reach 72K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a noticeable curtailment. Imports peaked at 84K units in 2019; however, from 2020 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 $2.4M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 47% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,041 | 1,645 | 1,086 | 1,855 | 21.2% |
| Italy | N/A | N/A | N/A | 136 | 0% |
| Japan | 170 | 173 | 24.9 | 57.4 | -30.4% |
| China | 51.0 | 96.1 | 42.5 | 55.6 | 2.9% |
| United States | 16.8 | 46.2 | 152 | 50.1 | 43.9% |
| Hong Kong SAR | 9.0 | 42.0 | 15.1 | 26.7 | 43.7% |
| Thailand | 102 | 84.9 | 5.5 | 1.7 | -74.5% |
| Others | 214 | 274 | 595 | 225 | 1.7% |
| Total | 1,604 | 2,361 | 1,921 | 2,407 | 14.5% |
Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to the UK in 2022:
- Switzerland (42.6K units)
- China (10.4K units)
- Japan (7.8K units)
- Italy (4.0K units)
- Hong Kong SAR (3.0K units)
- United States (2.7K units)
- Thailand (0.1K units)
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This report provides an in-depth analysis of the assembled watch movements market in the UK.
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This report provides an in-depth analysis of the assembled watch movements market in the UK.
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Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
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