Price for Watches; Incomplete Movements, Assembled in France - 2023

Contents:

  1. Price for Watches; Incomplete Movements, Assembled in France (CIF) - 2022
  2. Price for Watches; Incomplete Movements, Assembled in France (FOB) - 2022
  3. Imports of Watches; Incomplete Movements, Assembled in France
  4. Exports of Watches; Incomplete Movements, Assembled in France

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

The average watches; incomplete movements, assembled import price stood at $343 per unit in 2022, which is down by -20.2% against the previous year. Over the period under review, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2020 an increase of 111% against the previous year. The import price peaked at $764 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($384 per unit) and the UK ($344 per unit), while the price for Hong Kong SAR ($333 per unit) and Switzerland ($343 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+54.6%), while the prices for the other major suppliers experienced a decline.

Price for Watches; Incomplete Movements, Assembled in France (FOB) - 2022

The average watches; incomplete movements, assembled export price stood at $2,435 per unit in 2022, increasing by 41% against the previous year. Over the period under review, the export price showed a slight expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 333%. As a result, the export price reached the peak level of $3,173 per unit. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($2,877 per unit), while the average price for exports to China ($3 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 Canada (+39.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Watches; Incomplete Movements, Assembled in France

In 2022, imports of watches; incomplete movements, assembleds into France soared to 562 units, rising by 193% compared with the year before. Over the period under review, imports, however, saw a noticeable decrease. Imports peaked at 624 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, watches; incomplete movements, assembled imports skyrocketed to $193K in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Watches; Incomplete Movements, Assembled in France (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR0.92.5N/A138435.2%
China79.152.459.343.1-18.3%
Switzerland0.61.49.26.7123.5%
SingaporeN/AN/A0.44.0900.0%
United States0.20.210.81.071.0%
United Kingdom11.1N/A0.50.1-79.2%
Others2.60.72.70.2-57.5%
Total94.457.382.819326.9%

Top Suppliers of Watches; Incomplete Movements, Assembled to France in 2022:

  1. Hong Kong SAR (415.0 units)
  2. China (112.0 units)
  3. Switzerland (19.0 units)
  4. Singapore (12.0 units)
  5. United States (3.0 units)

Exports of Watches; Incomplete Movements, Assembled in France

In 2022, approx. 7 units of watches; incomplete movements, assembleds were exported from France; waning by -69.6% on the year before. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 283%. As a result, the exports reached the peak of 23 units, and then dropped rapidly in the following year.

In value terms, watches; incomplete movements, assembled exports contracted remarkably to $18K in 2022. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 570%. As a result, the exports reached the peak of $39K, and then contracted sharply in the following year.

Export of Watches; Incomplete Movements, Assembled in France (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland1.71.032.817.4117.1%
AustraliaN/AN/AN/A0.70%
Hong Kong SAR1.6N/A0.7N/A-33.9%
China0.3N/AN/AN/A0%
United KingdomN/AN/A0.1N/A0%
Italy0.9N/AN/AN/A0%
United States6.14.85.5N/A-5.0%
Canada1.2N/AN/AN/A0%
OthersN/AN/A0.1N/A0%
Total11.85.839.218.215.5%

Top Export Markets for Watches; Incomplete Movements, Assembled from France in 2022:

  1. Switzerland (6.0 units)
  2. Australia (1.0 units)
  3. China (1.0 units)

Source: IndexBox Market Intelligence Platform

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