Price for Watches; Incomplete Movements, Assembled in Indonesia - 2022
Contents:
- Price for Watches; Incomplete Movements, Assembled in Indonesia (CIF) - 2022
- Price for Watches; Incomplete Movements, Assembled in Indonesia (FOB) - 2022
- Imports of Watches; Incomplete Movements, Assembled in Indonesia
- Exports of Watches; Incomplete Movements, Assembled in Indonesia
Price for Watches; Incomplete Movements, Assembled in Indonesia (CIF) - 2022
The average watches; incomplete movements, assembled import price stood at $30 per unit in 2022, shrinking by -33.6% against the previous year. Overall, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 110% against the previous year. Over the period under review, average import prices reached the maximum at $165 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Hong Kong SAR ($70 per unit), while the price for Singapore ($25 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.2%), while the prices for the other major suppliers experienced a decline.
Price for Watches; Incomplete Movements, Assembled in Indonesia (FOB) - 2022
The average watches; incomplete movements, assembled export price stood at $378 per unit in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, posted a prominent expansion. Over the period under review, the average export prices attained the peak figure at $382 per unit in 2021, and then shrank slightly in the following year.
As there is only one major export destination, the average price level is determined by prices for Brunei Darussalam.
From 2015 to 2022, the rate of growth in terms of prices for China amounted to -38.7% per year.
Imports of Watches; Incomplete Movements, Assembled in Indonesia
For the fourth consecutive year, Indonesia recorded growth in overseas purchases of watches; incomplete movements, assembleds, which increased by 41% to 669 units in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 92%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, watches; incomplete movements, assembled imports contracted to $20K in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.2% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 55% against the previous year. Over the period under review, imports reached the peak figure at $21K in 2021, and then dropped in the following year.
| Import of Watches; Incomplete Movements, Assembled in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1.2 | 0.4 | 14.7 | 13.4 | 123.5% |
| Hong Kong SAR | 1.5 | 4.2 | 2.8 | 2.6 | 20.1% |
| Thailand | 3.2 | 7.3 | 1.9 | 1.8 | -17.5% |
| China | 3.8 | 4.3 | 1.3 | 1.4 | -28.3% |
| Japan | 2.3 | 2.4 | 0.5 | 0.7 | -32.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.0 | 18.5 | 21.2 | 19.9 | 18.4% |
Top Suppliers of Watches; Incomplete Movements, Assembled to Indonesia in 2022:
- Singapore (525.0 units)
- Thailand (49.0 units)
- China (38.0 units)
- Hong Kong SAR (37.0 units)
- Japan (19.0 units)
Exports of Watches; Incomplete Movements, Assembled in Indonesia
In 2022, approx. 9 units of watches; incomplete movements, assembleds were exported from Indonesia; increasing by 50% compared with 2021. Overall, exports posted moderate growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, watches; incomplete movements, assembled exports soared to $3.4K in 2022. In general, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Watches; Incomplete Movements, Assembled in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brunei Darussalam | N/A | N/A | N/A | 3.4 | 0% |
| Thailand | N/A | N/A | 0.1 | N/A | 0% |
| Belgium | 0.4 | N/A | N/A | N/A | 0% |
| China | 2.5 | N/A | 1.7 | N/A | -17.5% |
| Singapore | N/A | N/A | 0.5 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.9 | N/A | 2.3 | 3.4 | 5.4% |
Top Export Markets for Watches; Incomplete Movements, Assembled from Indonesia in 2022:
- Brunei Darussalam (9.0 units)
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This report provides an in-depth analysis of the rough watch movements market in Indonesia.
556
This report provides an in-depth analysis of the global rough watch movements market.
397
This report provides an in-depth analysis of the rough watch movements market in Indonesia.
556
This report provides an in-depth analysis of the global rough watch movements market.
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