Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Colombia - 2022
Contents:
- Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Colombia (CIF) - 2022
- Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Colombia
Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Colombia (CIF) - 2022
The average import price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $7.7 per unit in 2022, which is down by -85.9% against the previous year. In general, the import price showed a sharp curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 239%. The import price peaked at $92 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Hong Kong SAR ($16 per unit), while the price for China ($5.2 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 (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Colombia
In 2022, supplies from abroad of watches; complete movements, unassembled or partly assembled (movement sets) increased by 447% to 11K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) declined notably to $82K in 2022. Overall, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 8.7%. As a result, imports reached the peak of $131K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.8 | 7.7 | 1.7 | 39.1 | 18.0% |
| Hong Kong SAR | 0.3 | 0.7 | 3.1 | 25.5 | 339.7% |
| Japan | 2.8 | 3.1 | 2.0 | 14.0 | 71.0% |
| United States | 31.6 | 40.9 | 39.2 | N/A | 11.4% |
| Panama | 55.3 | 75.3 | 59.4 | N/A | 3.6% |
| Others | 6.8 | 3.4 | 1.2 | 3.6 | -19.1% |
| Total | 121 | 131 | 107 | 82.2 | -12.1% |
Top Suppliers of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) to Colombia in 2022:
- China (7.5K units)
- Japan (1.6K units)
- Hong Kong SAR (1.6K units)
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This report provides an in-depth analysis of the rough watch movements market in Colombia.
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This report provides an in-depth analysis of the global rough watch movements market.
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This report provides an in-depth analysis of the rough watch movements market in Colombia.
564
This report provides an in-depth analysis of the global rough watch movements market.
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