Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in South Africa - 2024
Contents:
- Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in South Africa (CIF) - 2022
- Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in South Africa (FOB) - 2022
- Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in South Africa
- Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in South Africa
Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in South Africa (CIF) - 2022
In 2022, the average import price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $5 per unit, jumping by 24% against the previous year. Overall, the import price showed a perceptible increase. The growth pace was the most rapid in 2014 when the average import price increased by 269% against the previous year. Over the period under review, average import prices attained the peak figure at $15 per unit in 2016; however, from 2017 to 2022, import prices remained at a 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 Switzerland ($22 per unit), while the price for Japan ($2.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+13.3%), 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 South Africa (FOB) - 2022
In 2022, the average export price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $18 per unit, dropping by -87.6% against the previous year. In general, the export price saw a deep setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 2,486%. As a result, the export price attained the peak level of $911 per unit. From 2017 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($190 per unit), while the average price for exports to Lesotho ($3.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+41.6%), while the prices for the other major destinations experienced a decline.
Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in South Africa
In 2022, the amount of watches; complete movements, unassembled or partly assembled (movement sets) imported into South Africa plummeted to 4.4K units, reducing by -45.7% against 2021. Overall, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 81%. As a result, imports reached the peak of 8.1K units, and then shrank significantly in the following year.
In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) plummeted to $22K in 2022. In general, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. Over the period under review, imports of attained the maximum at $40K 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 South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 25.3 | 16.1 | 23.8 | 10.0 | -26.6% |
| Switzerland | 4.0 | 0.5 | 0.5 | 3.9 | -0.8% |
| Japan | 2.2 | 2.0 | 2.2 | 2.1 | -1.5% |
| Thailand | 0.9 | N/A | 0.2 | 1.2 | 10.1% |
| China | 5.2 | 0.2 | 5.1 | 0.6 | -51.3% |
| Others | 1.9 | 0.3 | 0.7 | 3.9 | 27.1% |
| Total | 39.6 | 19.1 | 32.4 | 21.9 | -17.9% |
Top Suppliers of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) to South Africa in 2022:
- Hong Kong SAR (2796.0 units)
- Japan (905.0 units)
- Thailand (260.0 units)
- Switzerland (179.0 units)
- China (130.0 units)
Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in South Africa
In 2022, approx. 209 units of watches; complete movements, unassembled or partly assembled (movement sets) were exported from South Africa; jumping by 83% compared with 2021 figures. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,167%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) fell markedly to $3.7K in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 28,357%. As a result, the exports attained the peak of $17K, and then fell markedly in the following year.
| Export of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Switzerland | N/A | 16.4 | 1.0 | -93.9% | |
| Lesotho | N/A | N/A | 0.5 | 0% | |
| Botswana | 0.1 | 0.1 | 0.5 | 123.6% | |
| Others | N/A | N/A | 1.8 | 0% | |
| Total | 0.1 | 16.5 | 3.7 | 508.3% | |
Top Export Markets for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) from South Africa in 2022:
- Lesotho (150.0 units)
- Botswana (52.0 units)
- Switzerland (5.0 units)
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This report provides an in-depth analysis of the rough watch movements market in South Africa.
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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 South Africa.
564
This report provides an in-depth analysis of the global rough watch movements market.
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