Price for Watches; Incomplete Movements, Assembled in Sri Lanka - 2021

Contents:

1. Price for Watches; Incomplete Movements, Assembled in Sri Lanka (CIF) - 2022
2. Imports of Watches; Incomplete Movements, Assembled in Sri Lanka

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

The average watches; incomplete movements, assembled import price stood at $44 per unit in 2022, declining by -4.7% against the previous year. In general, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 1,059% against the previous year. Over the period under review, average import prices hit record highs at $73 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 Japan.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +332.6% per year.

Imports of Watches; Incomplete Movements, Assembled in Sri Lanka

In 2022, overseas purchases of watches; incomplete movements, assembleds decreased by -85.7% to 1 units, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2020 with an increase of 19%. As a result, imports reached the peak of 25 units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, watches; incomplete movements, assembled imports reduced markedly to $40 in 2022. In general, imports saw a significant contraction. The growth pace was the most rapid in 2021 with an increase of 212%. As a result, imports reached the peak of $312, and then declined sharply in the following year.

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

1. Japan (1.0 units)

Source: IndexBox Market Intelligence Platform