Price for Watch Movements; Complete and Assembled in Panama - 2023
Contents:
- Price for Watch Movements; Complete and Assembled in Panama (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in Panama (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in Panama
- Exports of Watch Movements; Complete and Assembled in Panama
Price for Watch Movements; Complete and Assembled in Panama (CIF) - 2022
The average import price for watch movements; complete and assembleds stood at $111 per unit in 2022, jumping by 41% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2020 an increase of 1,745% against the previous year. As a result, import price attained the peak level of $1,761 per unit. From 2021 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($365 per unit), while the price for the United States ($19 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+744.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled in Panama (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembleds amounted to $43 per unit, increasing by 14% against the previous year. In general, the export price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2017 an increase of 1,912% against the previous year. Over the period under review, the average export prices attained the maximum at $1,291 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($159 per unit), while the average price for exports to Uruguay ($0.4 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 Nigeria (+36.0%).
Imports of Watch Movements; Complete and Assembled in Panama
In 2022, supplies from abroad of watch movements; complete and assembleds decreased by -42.2% to 145 units for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a pronounced decrease. The growth pace was the most rapid in 2020 when imports increased by 48%. Over the period under review, imports reached the peak figure at 251 units in 2021, and then reduced remarkably in the following year.
In value terms, watch movements; complete and assembled imports plummeted to $16K in 2022. Over the period under review, imports, however, recorded a slight increase. The pace of growth appeared the most rapid in 2020 when imports increased by 2,627% against the previous year. As a result, imports attained the peak of $419K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Watch Movements; Complete and Assembled in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 2.3 | 0.9 | 4.5 | 12.3 | 74.9% |
| United Kingdom | N/A | N/A | N/A | 2.2 | 0% |
| United States | 5.2 | 2.5 | 5.6 | 1.4 | -35.4% |
| China | N/A | N/A | 9.5 | 0.3 | -96.8% |
| Hong Kong SAR | 1.0 | N/A | N/A | N/A | 0% |
| Free Zones | N/A | 188 | N/A | N/A | 0% |
| Costa Rica | N/A | 137 | N/A | N/A | 0% |
| Others | 6.9 | 90.0 | 0.1 | N/A | -88.0% |
| Total | 15.4 | 419 | 19.8 | 16.2 | 1.7% |
Top Suppliers of Watch Movements; Complete and Assembled to Panama in 2022:
- United States (71.0 units)
- Switzerland (66.0 units)
- United Kingdom (6.0 units)
- China (2.0 units)
Exports of Watch Movements; Complete and Assembled in Panama
In 2022, the amount of watch movements; complete and assembleds exported from Panama surged to 6.1K units, jumping by 61,390% compared with the previous year. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, watch movements; complete and assembled exports soared to $262K in 2022. Overall, exports showed a significant increase. 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 in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | N/A | 129 | 0% |
| Nigeria | 5.6 | N/A | N/A | 124 | 180.8% |
| Trinidad and Tobago | 0.8 | N/A | N/A | 1.9 | 33.4% |
| Uruguay | N/A | N/A | N/A | 1.1 | 0% |
| Others | 3.8 | 0.3 | 0.4 | 5.9 | 15.8% |
| Total | 10.2 | 0.3 | 0.4 | 262 | 195.1% |
Top Export Markets for Watch Movements; Complete and Assembled from Panama in 2022:
- Nigeria (2.7K units)
- Uruguay (2.5K units)
- Singapore (0.8K units)
419
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
419
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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