Price for Watch Movements; Complete and Assembled in Spain - 2023
Contents:
- Price for Watch Movements; Complete and Assembled in Spain (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in Spain (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in Spain
- Exports of Watch Movements; Complete and Assembled in Spain
Price for Watch Movements; Complete and Assembled in Spain (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembleds amounted to $24 per unit, with an increase of 9.7% against the previous year. Overall, the import price recorded noticeable growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 49%. The import price peaked at $26 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($44 per unit), while the price for Hong Kong SAR ($3 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 (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled in Spain (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembleds amounted to $115 per unit, jumping by 87% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. Over the period under review, the average export prices attained the maximum at $260 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 the Netherlands ($238 per unit), while the average price for exports to France ($9.1 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 Morocco (+40.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Watch Movements; Complete and Assembled in Spain
In 2022, imports of watch movements; complete and assembleds into Spain reduced sharply to 160K units, waning by -29.6% on the previous year. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of 227K units, and then dropped rapidly in the following year.
In value terms, watch movements; complete and assembled imports fell remarkably to $3.8M in 2022. The total import value increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 31% against the previous year. Imports peaked at $4.9M in 2021, and then contracted remarkably in the following year.
| Import of Watch Movements; Complete and Assembled in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 2,879 | 3,475 | 4,126 | 3,201 | 3.6% |
| China | 339 | 388 | 451 | 384 | 4.2% |
| Japan | 91.4 | 26.7 | 53.4 | 68.5 | -9.2% |
| Thailand | 22.0 | 24.8 | 25.2 | 41.0 | 23.1% |
| Hong Kong SAR | 26.6 | 23.8 | 49.4 | 14.4 | -18.5% |
| Others | 118 | 621 | 199 | 80.0 | -12.2% |
| Total | 3,476 | 4,559 | 4,904 | 3,788 | 2.9% |
Top Suppliers of Watch Movements; Complete and Assembled to Spain in 2022:
- Switzerland (73.2K units)
- China (57.6K units)
- Japan (15.1K units)
- Thailand (7.8K units)
- Hong Kong SAR (4.9K units)
Exports of Watch Movements; Complete and Assembled in Spain
In 2022, overseas shipments of watch movements; complete and assembleds decreased by -69.2% to 15K units, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 488%. As a result, the exports attained the peak of 58K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, watch movements; complete and assembled exports shrank rapidly to $1.7M in 2022. Over the period under review, exports showed a mild slump. The most prominent rate of growth was recorded in 2021 when exports increased by 39%. As a result, the exports attained the peak of $3M, and then declined markedly in the following year.
| Export of Watch Movements; Complete and Assembled in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,591 | 1,347 | 2,461 | 1,415 | -3.8% |
| Hong Kong SAR | 29.9 | 10.7 | 11.7 | 165 | 76.7% |
| Switzerland | 11.2 | 97.3 | 69.3 | 80.7 | 93.1% |
| Morocco | 0.5 | N/A | N/A | 17.7 | 228.3% |
| France | 3.8 | 579 | 223 | 14.0 | 54.4% |
| Portugal | 1.3 | 2.3 | 1.2 | 5.8 | 64.6% |
| Belgium | 121 | N/A | N/A | 1.7 | -75.9% |
| Italy | 3.3 | 55.9 | 96.8 | 1.0 | -32.8% |
| Others | 49.2 | 68.2 | 143 | 27.8 | -17.3% |
| Total | 1,812 | 2,160 | 3,007 | 1,729 | -1.6% |
Top Export Markets for Watch Movements; Complete and Assembled from Spain in 2022:
- Belgium (undefinedK units)
- Netherlands (5.9K units)
- Hong Kong SAR (5.7K units)
- France (1.5K units)
- Portugal (0.5K units)
- Switzerland (0.5K units)
- Morocco (0.3K units)
- Italy (0.1K units)
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This report provides an in-depth analysis of the assembled watch movements market in Spain.
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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 Spain.
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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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