Price for Watch Movements; Complete and Assembled in Singapore - 2022
Contents:
- Price for Watch Movements; Complete and Assembled in Singapore (FOB) - 2022
- Price for Watch Movements; Complete and Assembled in Singapore (CIF) - 2022
- Exports of Watch Movements; Complete and Assembled in Singapore
- Imports of Watch Movements; Complete and Assembled in Singapore
Price for Watch Movements; Complete and Assembled in Singapore (FOB) - 2022
The average export price for watch movements; complete and assembleds stood at $8.5 per unit in 2022, growing by 2.8% against the previous year. In general, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 an increase of 105%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
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 Hong Kong SAR ($20 per unit), while the average price for exports to Indonesia ($3 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 Brunei Darussalam (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled in Singapore (CIF) - 2022
The average import price for watch movements; complete and assembleds stood at $3.7 per unit in 2022, surging by 9.4% against the previous year. In general, the import price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2014 an increase of 190% against the previous year. The import price peaked at $5.5 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($16 per unit), while the price for Japan ($0.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+53.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Watch Movements; Complete and Assembled in Singapore
In 2022, the amount of watch movements; complete and assembleds exported from Singapore skyrocketed to 792K units, increasing by 18% against 2021 figures. Overall, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. The exports peaked at 1.5M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, watch movements; complete and assembled exports soared to $6.8M in 2022. In general, exports saw a resilient increase. The growth pace was the most rapid in 2021 with an increase of 87% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Watch Movements; Complete and Assembled in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 306 | 217 | 1,555 | 3,182 | 118.3% |
| Hong Kong SAR | 333 | 877 | 2,387 | 1,183 | 52.6% |
| United States | 6.7 | 12.4 | 54.1 | 574 | 340.8% |
| Indonesia | 499 | 174 | 558 | 515 | 1.1% |
| Brunei Darussalam | 226 | 200 | 220 | 271 | 6.2% |
| Malaysia | 3,680 | 346 | 24.5 | 182 | -63.3% |
| Thailand | 53.6 | 632 | 130 | 94.6 | 20.8% |
| Serbia | N/A | 99.6 | N/A | N/A | 0% |
| Others | 430 | 418 | 644 | 749 | 20.3% |
| Total | 5,536 | 2,975 | 5,573 | 6,750 | 6.8% |
Top Export Markets for Watch Movements; Complete and Assembled from Singapore in 2022:
- China (392.3K units)
- Indonesia (173.3K units)
- Hong Kong SAR (58.5K units)
- Malaysia (41.0K units)
- United States (37.9K units)
- Brunei Darussalam (35.3K units)
- Thailand (13.3K units)
Imports of Watch Movements; Complete and Assembled in Singapore
In 2022, after two years of decline, there was significant growth in purchases abroad of watch movements; complete and assembleds, when their volume increased by 7.4% to 794K units. In general, imports, however, faced a dramatic contraction. Imports peaked at 3.1M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, watch movements; complete and assembled imports soared to $2.9M in 2022. Over the period under review, imports, however, showed a significant decrease. Imports peaked at $5.9M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Watch Movements; Complete and Assembled in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 2,244 | 1,274 | 1,366 | 1,730 | -8.3% |
| China | 2,693 | 1,029 | 314 | 328 | -50.4% |
| Japan | 357 | 202 | 184 | 292 | -6.5% |
| France | N/A | 0.7 | 123 | 221 | 1676.8% |
| Malaysia | 97.4 | 62.2 | 182 | 98.1 | 0.2% |
| United Kingdom | 9.0 | 1.3 | 29.3 | 44.6 | 70.5% |
| Others | 526 | 428 | 306 | 230 | -24.1% |
| Total | 5,926 | 2,997 | 2,505 | 2,944 | -20.8% |
Top Suppliers of Watch Movements; Complete and Assembled to Singapore in 2022:
- Japan (454.8K units)
- Switzerland (132.8K units)
- Malaysia (109.7K units)
- United Kingdom (38.1K units)
- France (20.4K units)
- China (20.4K units)
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This report provides an in-depth analysis of the assembled watch movements market in Singapore.
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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.
339
This report provides an in-depth analysis of the assembled watch movements market in Singapore.
418
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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