Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Sweden - 2023

Contents:

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

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

In 2022, the average import price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $20 per unit, jumping by 120% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 519%. The import price peaked at $29 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($58 per unit), while the price for China ($3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+43.7%), 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 Sweden (FOB) - 2022

In 2022, the average export price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $252 per unit, picking up by 466% against the previous year. Over the period under review, the export price posted a significant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 468%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($434 per unit), while the average price for exports to Kuwait ($7.6 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 Japan (+511.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in purchases abroad of watches; complete movements, unassembled or partly assembled (movement sets), when their volume decreased by -65.7% to 3.6K units. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 396% against the previous year. As a result, imports reached the peak of 11K units, and then dropped notably in the following year.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) declined notably to $72K in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 391% against the previous year. As a result, imports reached the peak of $96K, and then reduced rapidly in the following year.

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

1. China (1708.0 units)
2. Hong Kong SAR (1013.0 units)
3. Switzerland (531.0 units)
4. Japan (248.0 units)
5. Singapore (83.0 units)

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

In 2022, shipments abroad of watches; complete movements, unassembled or partly assembled (movement sets) decreased by -26.5% to 111 units, falling for the second consecutive year after two years of growth. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 2,271% against the previous year. As a result, the exports reached the peak of 403 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) surged to $28K in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 461%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.

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

1. China (50.0 units)
2. Kuwait (25.0 units)
3. United States (16.0 units)
4. Norway (6.0 units)
5. Australia (5.0 units)
6. Switzerland (2.0 units)
7. Japan (2.0 units)

Source: IndexBox Market Intelligence Platform