Price for Watch Movements; Complete and Assembled in Switzerland - 2023
Contents:
- Price for Watch Movements; Complete and Assembled in Switzerland (FOB) - 2023
- Price for Watch Movements; Complete and Assembled in Switzerland (CIF) - 2022
- Exports of Watch Movements; Complete and Assembled in Switzerland
- Imports of Watch Movements; Complete and Assembled in Switzerland
Price for Watch Movements; Complete and Assembled in Switzerland (FOB) - 2023
In September 2023, the average export price for watch movements; complete and assembleds amounted to $58.6 per unit, falling by -11.6% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 57% against the previous month. As a result, the export price reached the peak level of $103 per unit. From February 2023 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the UK ($159 per unit), while the average price for exports to Hong Kong SAR ($20.3 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled in Switzerland (CIF) - 2022
The average import price for watch movements; complete and assembleds stood at $126 per unit in 2022, rising by 15% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, watch movements; complete and assembled import price increased by +29.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 36% against the previous year. As a result, import price reached the peak level of $142 per unit. From 2016 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 Netherlands ($303 per unit), while the price for the Philippines ($17 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Watch Movements; Complete and Assembled in Switzerland
In 2022, the amount of watch movements; complete and assembleds exported from Switzerland declined markedly to 3M units, with a decrease of -18.5% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. The exports peaked at 4.4M 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 declined to $175M in 2022. Overall, exports recorded a noticeable curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of $199M, and then shrank in the following year.
| Export of Watch Movements; Complete and Assembled in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 63.5 | 47.4 | 58.0 | 40.7 | -13.8% |
| United States | 20.5 | 16.5 | 23.7 | 24.8 | 6.6% |
| Germany | 18.1 | 21.6 | 23.4 | 22.0 | 6.7% |
| United Kingdom | 11.9 | 8.2 | 10.8 | 13.6 | 4.6% |
| Japan | 14.5 | 15.4 | 14.5 | 12.2 | -5.6% |
| France | 9.3 | 9.8 | 12.2 | 11.8 | 8.3% |
| Netherlands | 12.5 | 9.9 | 13.3 | 10.9 | -4.5% |
| China | 15.5 | 15.0 | 16.1 | 10.1 | -13.3% |
| Others | 25.5 | 21.1 | 26.4 | 28.5 | 3.8% |
| Total | 191 | 165 | 199 | 175 | -2.9% |
Top Export Markets for Watch Movements; Complete and Assembled from Switzerland in 2022:
- Hong Kong SAR (1735.2K units)
- Germany (220.3K units)
- France (177.0K units)
- United States (152.9K units)
- Japan (117.9K units)
- United Kingdom (91.4K units)
- China (76.7K units)
- Netherlands (63.6K units)
Imports of Watch Movements; Complete and Assembled in Switzerland
Watch movements; complete and assembled imports into Switzerland reduced dramatically to 315K units in 2022, waning by -34.8% on 2021 figures. Overall, imports showed a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Imports peaked at 702K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, watch movements; complete and assembled imports dropped notably to $40M in 2022. Over the period under review, imports recorded a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. Imports peaked at $68M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Watch Movements; Complete and Assembled in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 19.0 | 6.5 | 7.9 | 6.8 | -29.0% |
| United States | 10.2 | 6.7 | 5.3 | 6.7 | -13.1% |
| China | 7.4 | 7.3 | 8.2 | 4.9 | -12.8% |
| Hong Kong SAR | 12.5 | 7.1 | 8.0 | 4.6 | -28.3% |
| France | 2.1 | 2.8 | 3.9 | 4.1 | 25.0% |
| Japan | 5.4 | 5.2 | 9.5 | 3.2 | -16.0% |
| United Kingdom | 1.9 | 1.9 | 2.2 | 2.9 | 15.1% |
| Germany | 5.7 | 2.7 | 2.5 | 1.6 | -34.5% |
| Kuwait | N/A | N/A | N/A | 0.5 | 0% |
| Philippines | 0.1 | 0.1 | 1.1 | 0.3 | 44.2% |
| Others | 3.9 | 2.6 | 4.1 | 4.0 | 0.8% |
| Total | 68.2 | 42.9 | 52.7 | 39.6 | -16.6% |
Top Suppliers of Watch Movements; Complete and Assembled to Switzerland in 2022:
- Hong Kong SAR (65.6K units)
- China (55.4K units)
- France (33.3K units)
- United States (24.8K units)
- Netherlands (22.5K units)
- Japan (22.2K units)
- Philippines (18.5K units)
- Germany (17.3K units)
- United Kingdom (14.8K units)
- Kuwait (7.4K units)
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This report provides an in-depth analysis of the assembled watch movements market in Switzerland.
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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 Switzerland.
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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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