Price for Watch Movements; Complete and Assembled in Portugal - 2023
Contents:
- Price for Watch Movements; Complete and Assembled in Portugal (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in Portugal (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in Portugal
- Exports of Watch Movements; Complete and Assembled in Portugal
Price for Watch Movements; Complete and Assembled in Portugal (CIF) - 2022
The average import price for watch movements; complete and assembleds stood at $6.2 per unit in 2022, picking up by 22% against the previous year. In general, the import price showed a noticeable expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 33% against the previous year. As a result, import price attained the peak level of $9.1 per unit. From 2019 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 Switzerland ($41 per unit), while the price for Japan ($2.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled in Portugal (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembleds amounted to $78 per unit, growing by 163% against the previous year. Overall, the export price saw a moderate increase. The export price peaked at $117 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
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 ($189 per unit), while the average price for exports to Switzerland ($12 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 the United States (+45.6%), while the prices for the other major destinations experienced a decline.
Imports of Watch Movements; Complete and Assembled in Portugal
Watch movements; complete and assembled imports into Portugal declined rapidly to 44K units in 2022, with a decrease of -30% on 2021 figures. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 189%. As a result, imports reached the peak of 63K units, and then dropped rapidly in the following year.
In value terms, watch movements; complete and assembled imports reduced to $273K in 2022. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 95%. Imports peaked at $462K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Watch Movements; Complete and Assembled in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 53.8 | 68.7 | 69.4 | 76.5 | 12.5% |
| Netherlands | 38.7 | 27.9 | 52.5 | 51.4 | 9.9% |
| China | 17.6 | 13.6 | 71.2 | 35.1 | 25.9% |
| Japan | 13.0 | 21.7 | 15.0 | 31.7 | 34.6% |
| Germany | 71.6 | 0.3 | 43.3 | 31.4 | -24.0% |
| Spain | 254 | 22.9 | 53.1 | 17.6 | -58.9% |
| Thailand | 6.1 | 7.2 | 2.6 | 1.4 | -38.8% |
| Others | 7.4 | 1.8 | 12.2 | 28.2 | 56.2% |
| Total | 462 | 164 | 319 | 273 | -16.1% |
Top Suppliers of Watch Movements; Complete and Assembled to Portugal in 2022:
- Japan (15.4K units)
- Germany (9.7K units)
- China (8.9K units)
- Netherlands (4.1K units)
- Spain (2.9K units)
- Switzerland (1.9K units)
- Thailand (0.2K units)
Exports of Watch Movements; Complete and Assembled in Portugal
In 2022, shipments abroad of watch movements; complete and assembleds decreased by -82.7% to 1.4K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 501%. As a result, the exports attained the peak of 7.9K units, and then reduced remarkably in the following year.
In value terms, watch movements; complete and assembled exports reduced remarkably to $107K in 2022. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 326% against the previous year. As a result, the exports reached the peak of $234K, and then dropped dramatically in the following year.
| Export of Watch Movements; Complete and Assembled in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 32.8 | 28.5 | 72.6 | 77.1 | 33.0% |
| Spain | N/A | 3.6 | N/A | 20.3 | 137.5% |
| United States | N/A | 0.8 | N/A | 4.4 | 134.5% |
| Switzerland | 7.9 | 8.7 | 18.2 | 4.3 | -18.4% |
| Sweden | N/A | 3.2 | N/A | N/A | 0% |
| France | N/A | N/A | 142 | N/A | 0% |
| Angola | N/A | 10.3 | 1.4 | N/A | -86.4% |
| Others | 2.2 | N/A | 0.1 | 0.9 | -25.8% |
| Total | 42.8 | 55.1 | 234 | 107 | 35.7% |
Top Export Markets for Watch Movements; Complete and Assembled from Portugal in 2022:
- Spain (580.0 units)
- Netherlands (407.0 units)
- Switzerland (355.0 units)
- United States (24.0 units)
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This report provides an in-depth analysis of the assembled watch movements market in Portugal.
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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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This report provides an in-depth analysis of the assembled watch movements market in Portugal.
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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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