Price for Watch Movements; Complete and Assembled in Oman - 2021

Contents:

1. Price for Watch Movements; Complete and Assembled in Oman (CIF) - 2022
2. Price for Watch Movements; Complete and Assembled in Oman (FOB) - 2022
3. Imports of Watch Movements; Complete and Assembled in Oman
4. Exports of Watch Movements; Complete and Assembled in Oman

Price for Watch Movements; Complete and Assembled in Oman (CIF) - 2022

The average import price for watch movements; complete and assembleds stood at $197 per unit in 2022, dropping by -2.4% against the previous year. Over the period under review, the import price, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 51%. The import price peaked at $202 per unit in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($350 per unit), while the price for Germany ($17 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Watch Movements; Complete and Assembled in Oman (FOB) - 2022

In 2022, the average export price for watch movements; complete and assembleds amounted to $162 per unit, growing by 2% against the previous year. Over the period under review, the export price showed a prominent expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 203%. 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 the United Arab Emirates ($285 per unit), while the average price for exports to the Netherlands ($78 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 Tanzania (+636.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Watch Movements; Complete and Assembled in Oman

In 2022, imports of watch movements; complete and assembleds into Oman shrank markedly to 445 units, reducing by -36.2% against 2021 figures. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 230% against the previous year. As a result, imports reached the peak of 697 units, and then shrank notably in the following year.

In value terms, watch movements; complete and assembled imports shrank sharply to $88K in 2022. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 307% against the previous year. As a result, imports reached the peak of $141K, and then fell rapidly in the following year.

Top Suppliers of Watch Movements; Complete and Assembled to Oman in 2022:

1. China (283.0 units)
2. France (137.0 units)
3. United States (7.0 units)
4. United Arab Emirates (3.0 units)

Exports of Watch Movements; Complete and Assembled in Oman

Watch movements; complete and assembled exports from Oman reduced dramatically to 8 units in 2022, declining by -42.9% on the previous year. Overall, exports showed a sharp contraction. The pace of growth appeared the most rapid in 2021 with an increase of 100%. Over the period under review, the exports attained the peak figure at 29 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, watch movements; complete and assembled exports dropped dramatically to $1.3K in 2022. Over the period under review, exports saw a noticeable downturn. The pace of growth was the most pronounced in 2021 when exports increased by 506%. As a result, the exports reached the peak of $2.2K, and then declined sharply in the following year.

Top Export Markets for Watch Movements; Complete and Assembled from Oman in 2022:

1. Switzerland (3.0 units)
2. Tanzania (2.0 units)
3. United Arab Emirates (1.0 units)
4. Netherlands (1.0 units)
5. Qatar (1.0 units)

Source: IndexBox Market Intelligence Platform