Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in the United Arab Emirates - 2022

Contents:

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

Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $93 per unit, declining by -36.9% against the previous year. In general, the export price, however, saw a resilient expansion. The growth pace was the most rapid in 2020 when the average export price increased by 269% against the previous year. Over the period under review, the average export prices hit record highs at $147 per unit in 2021, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($303 per unit), while the average price for exports to India ($4 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 Switzerland (-0.9%), while the prices for the other major destinations experienced a decline.

Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in the United Arab Emirates (CIF) - 2022

The average import price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $175 per unit in 2022, picking up by 188% against the previous year. Overall, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 260% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 ($262 per unit), while the price for China totaled $39 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+32.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in the United Arab Emirates

In 2022, overseas shipments of watches; complete movements, unassembled or partly assembled (movement sets) were finally on the rise to reach 4K units after two years of decline. Over the period under review, exports enjoyed significant growth. 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 $367K in 2022. In general, exports posted a significant increase. As a result, the exports reached 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 the United Arab Emirates in 2022:

1. India (2186.0 units)
2. Switzerland (994.0 units)
3. Qatar (485.0 units)
4. Kuwait (141.0 units)
5. Lebanon (77.0 units)
6. Malaysia (3.0 units)

Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in the United Arab Emirates

In 2022, imports of watches; complete movements, unassembled or partly assembled (movement sets) into the United Arab Emirates reduced notably to 1.5K units, with a decrease of -68.2% against 2021. Overall, imports showed a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 422% against the previous year. Imports peaked at 6.9K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) fell to $267K in 2022. Over the period under review, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 1,781%. As a result, imports attained the peak of $291K, and then shrank in the following year.

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

1. Switzerland (837.0 units)
2. China (680.0 units)

Source: IndexBox Market Intelligence Platform