Price for Watches; Incomplete Movements, Assembled in Colombia - 2021

Price for Watches; Incomplete Movements, Assembled in Colombia (CIF) - 2022

In 2022, the average watches; incomplete movements, assembled import price amounted to $14 per unit, shrinking by -2% against the previous year. Over the period under review, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2016 when the average import price increased by 84% against the previous year. Over the period under review, average import prices hit record highs at $23 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.3% per year.

Imports of Watches; Incomplete Movements, Assembled in Colombia

Watches; incomplete movements, assembled imports into Colombia skyrocketed to 158 units in 2022, increasing by 285% against the previous year's figure. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 477%. As a result, imports attained the peak of 202 units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, watches; incomplete movements, assembled imports skyrocketed to $2.2K in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 536% against the previous year. As a result, imports reached the peak of $3.8K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.