Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Canada - 2024
Contents:
- Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Canada (CIF) - 2022
- Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Canada (FOB) - 2022
- Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Canada
- Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Canada
Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Canada (CIF) - 2022
The average import price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $44 per unit in 2022, surging by 92% against the previous year. Overall, the import price posted a significant expansion. The growth pace was the most rapid in 2015 when the average import price increased by 212% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.
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 Hong Kong SAR ($117 per unit), while the price for China ($6.7 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 (+34.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Canada (FOB) - 2022
In 2022, the average export price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $12 per unit, with a decrease of -2.6% against the previous year. Overall, the export price continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2021 an increase of 9.2% against the previous year. Over the period under review, the average export prices attained the peak figure at $15 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +0.5% per year.
Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Canada
Imports of watches; complete movements, unassembled or partly assembled (movement sets) into Canada contracted dramatically to 5.9K units in 2022, with a decrease of -52.8% on 2021 figures. In general, imports faced a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 66% against the previous year. Imports peaked at 24K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) fell to $263K in 2022. Overall, imports saw a perceptible decline. The growth pace was the most rapid in 2021 when imports increased by 70%. As a result, imports attained the peak of $291K, and then contracted in the following year.
| Import of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 235 | 125 | 240 | 244 | 1.3% |
| China | 26.5 | 13.0 | 39.7 | 12.3 | -22.6% |
| Japan | 13.2 | 6.8 | 5.7 | 3.0 | -39.0% |
| Thailand | 5.3 | 1.5 | 3.2 | 2.5 | -22.2% |
| United States | 2.8 | 23.8 | 0.9 | 1.8 | -13.7% |
| Others | 1.0 | 1.3 | 1.3 | 0.1 | -53.6% |
| Total | 284 | 171 | 291 | 263 | -2.5% |
Top Suppliers of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) to Canada in 2022:
- Switzerland (3452.0 units)
- China (1821.0 units)
- Japan (336.0 units)
- Thailand (285.0 units)
- United States (52.0 units)
Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Canada
In 2022, approx. 1.9K units of watches; complete movements, unassembled or partly assembled (movement sets) were exported from Canada; rising by 328% against the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 4,240%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) skyrocketed to $22K in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 4,638% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 6.5 | N/A | 4.3 | 22.1 | 50.4% |
| United Arab Emirates | N/A | N/A | 0.7 | N/A | 0% |
| Others | N/A | 0.1 | 0.3 | N/A | 200.0% |
| Total | 6.5 | 0.1 | 5.3 | 22.1 | 50.4% |
Top Export Markets for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) from Canada in 2022:
- Switzerland (1.9K units)
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