Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Portugal - 2023
Contents:
- Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Portugal (CIF) - 2022
- Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Portugal
Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Portugal (CIF) - 2022
In 2022, the average import price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $4.7 per unit, growing by 6.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 141% against the previous year. Over the period under review, average import prices hit record highs at $8.6 per unit in 2013; however, from 2014 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 Switzerland ($23 per unit), while the price for Japan ($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 (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Portugal
In 2022, the amount of watches; complete movements, unassembled or partly assembled (movement sets) imported into Portugal shrank notably to 4.2K units, with a decrease of -53.9% compared with 2021 figures. Over the period under review, imports, however, saw a temperate expansion. The growth pace was the most rapid in 2021 with an increase of 2,686% against the previous year. As a result, imports reached the peak of 9.2K units, and then contracted significantly in the following year.
In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) reduced markedly to $20K in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 1,594% against the previous year. As a result, imports attained the peak of $41K, and then dropped remarkably in the following year.
| Import of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.2 | 1.2 | 33.7 | 7.4 | 20.8% |
| Switzerland | N/A | 0.3 | 3.3 | 6.7 | 372.6% |
| Japan | 5.2 | 0.2 | 1.5 | 3.8 | -9.9% |
| Thailand | 1.1 | N/A | 0.3 | 0.7 | -14.0% |
| Others | 0.7 | 0.6 | 1.9 | 1.5 | 28.9% |
| Total | 11.3 | 2.4 | 40.8 | 20.1 | 21.2% |
Top Suppliers of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) to Portugal in 2022:
- China (1968.0 units)
- Japan (1848.0 units)
- Switzerland (293.0 units)
- Thailand (92.0 units)
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This report provides an in-depth analysis of the rough watch movements market in Portugal.
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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 Portugal.
565
This report provides an in-depth analysis of the global rough watch movements market.
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