Price for Watch Movements; Complete and Assembled in Qatar - 2023

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

The average export price for watch movements; complete and assembleds stood at $3,413 per unit in 2022, declining by -90.3% against the previous year. Over the period under review, the export price showed a precipitous shrinkage. The export price peaked at $35,134 per unit in 2021, and then reduced rapidly in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($4,634 per unit), while the average price for exports to Switzerland stood at $3,370 per unit.

From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for watch movements; complete and assembleds stood at $197 per unit in 2022, jumping by 45% against the previous year. Overall, the import price enjoyed a significant expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 4,197% against the previous year. As a result, import price attained the peak level of $1,068 per unit. From 2016 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Switzerland.

From 2013 to 2022, the rate of growth in terms of prices for Switzerland amounted to -30.7% per year.

Exports of Watch Movements; Complete and Assembled in Qatar

In 2022, the amount of watch movements; complete and assembleds exported from Qatar surged to 88 units, rising by 1,000% on 2021. Over the period under review, exports recorded a significant increase. 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 stood at $300K in 2022. The total export value increased at an average annual rate of +6.9% from 2021 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Watch Movements; Complete and Assembled in Qatar (Thousand USD)
COUNTRY	2021	2022	CAGR, 2021-2022
Switzerland	N/A	286	0%
Netherlands	N/A	13.9	0%
Hong Kong SAR	281	N/A	0%
Others	N/A	N/A	0%
Total	281	300	6.8%

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

Switzerland (85.0 units)
Netherlands (3.0 units)

Imports of Watch Movements; Complete and Assembled in Qatar

In 2022, the amount of watch movements; complete and assembleds imported into Qatar reduced rapidly to 1.3K units, waning by -37.2% against the year before. Over the period under review, imports showed a precipitous decrease. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. Over the period under review, imports reached the peak figure at 13K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, watch movements; complete and assembled imports fell to $253K in 2022. In general, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. Imports peaked at $387K in 2019; however, from 2020 to 2022, imports remained at a lower figure.