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

Contents:

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

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

In 2022, the average import price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $16 per unit, increasing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $20 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($116 per unit), while the price for China ($16 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+19.4%), 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 Indonesia (FOB) - 2022

In 2022, the average export price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $195 per unit, increasing by 17% against the previous year. In general, the export price enjoyed a significant expansion. The pace of growth was the most pronounced in 2019 an increase of 1,125% against the previous year. As a result, the export price reached the peak level of $413 per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($193 per unit), while the average price for exports to Singapore stood at $167 per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+31.4%).

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

In 2022, imports of watches; complete movements, unassembled or partly assembled (movement sets) into Indonesia plummeted to 30K units, which is down by -18.3% against 2021 figures. Overall, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 56% against the previous year. Over the period under review, imports of hit record highs at 41K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) contracted to $499K in 2022. In general, imports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 50%. Over the period under review, imports of reached the maximum at $572K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. China (29.5K units)
2. Hong Kong SAR (0.9K units)

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

Exports of watches; complete movements, unassembled or partly assembled (movement sets) from Indonesia soared to 306 units in 2022, picking up by 1,940% against the previous year's figure. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) surged to $60K in 2022. Over the period under review, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. China (304.0 units)

Source: IndexBox Market Intelligence Platform