Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Brazil - 2024

Contents:

  1. Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Brazil (CIF) - 2024
  2. Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Brazil (FOB) - 2022
  3. Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Brazil
  4. Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Brazil

Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Brazil (CIF) - 2024

In February 2024, the average import price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $1.3 per unit, picking up by 11% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 an increase of 167% m-o-m. As a result, import price attained the peak level of $4.7 per unit. From December 2023 to February 2024, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Hong Kong SAR ($2.8 per unit), while the price for China ($310 per thousand units) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Brazil (FOB) - 2022

The average export price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $108 per unit in 2022, growing by 1,033% against the previous year. In general, the export price posted significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Bulgaria amounted to +40.0% per year.

Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Brazil

In 2022, approx. 1.9M units of watches; complete movements, unassembled or partly assembled (movement sets) were imported into Brazil; increasing by 2.2% against 2021 figures. Over the period under review, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 106%. Imports peaked at 2.4M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) skyrocketed to $4.2M in 2022. Overall, imports, however, continue to indicate a slight descent. The pace of growth appeared the most rapid in 2021 when imports increased by 74% against the previous year. Imports peaked at $4.4M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Brazil (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan4.01.52.23.2-7.2%
Hong Kong SAR0.20.10.50.751.8%
Others0.20.20.20.20.0%
Total4.41.72.94.2-1.5%

Top Suppliers of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) to Brazil in 2022:

  1. Japan (1320.6K units)
  2. Hong Kong SAR (581.2K units)

Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Brazil

In 2022, approx. 3 units of watches; complete movements, unassembled or partly assembled (movement sets) were exported from Brazil; falling by -98.8% on the previous year's figure. In general, exports faced a sharp setback. Over the period under review, the exports of hit record highs at 256 units in 2021, and then shrank notably in the following year.

In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) dropped remarkably to $323 in 2022. Overall, exports recorded a precipitous decline. The exports peaked at $2.4K in 2021, and then dropped dramatically in the following year.

Export of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Brazil (Thousand USD)
COUNTRY20212022CAGR,
2021-2022
ChileN/A0.30%
Hong Kong SAR2.4N/A0%
OthersN/AN/A0%
Total2.40.3-87.5%

Top Export Markets for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) from Brazil in 2022:

  1. Chile (3.0 units)

Source: IndexBox Market Intelligence Platform

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