Price for Watches; Incomplete Movements, Assembled in South Africa - 2023

Contents:

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

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

In 2022, the average watches; incomplete movements, assembled import price amounted to $75 per unit, waning by -66.1% against the previous year. In general, the import price recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 an increase of 27,043%. Over the period under review, average import prices reached the maximum at $329 per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 Namibia amounted to -0.4% per year.

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

The average watches; incomplete movements, assembled export price stood at $116 per unit in 2022, declining by -35.5% against the previous year. Overall, the export price showed a deep setback. The growth pace was the most rapid in 2019 an increase of 149%. As a result, the export price reached the peak level of $434 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Botswana.

From 2012 to 2022, the rate of growth in terms of prices for Namibia amounted to +24.4% per year.

Imports of Watches; Incomplete Movements, Assembled in South Africa

After three years of growth, supplies from abroad of watches; incomplete movements, assembleds decreased by 0% to 5 units in 2022. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 300% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, watches; incomplete movements, assembled imports shrank rapidly to $356 in 2022. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 35,600%. As a result, imports attained the peak of $1.1K, and then shrank rapidly in the following year.

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

1. China (4.0 units)

Exports of Watches; Incomplete Movements, Assembled in South Africa

In 2022, overseas shipments of watches; incomplete movements, assembleds decreased by 0% to 1 units, falling for the second year in a row after two years of growth. Over the period under review, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2020 when exports increased by 50% against the previous year. As a result, the exports reached the peak of 6 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, watches; incomplete movements, assembled exports declined notably to $128 in 2022. In general, exports saw a precipitous curtailment. The exports peaked at $1.7K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

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

1. Botswana (1.0 units)

Source: IndexBox Market Intelligence Platform