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

Contents:

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

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

The average watches; incomplete movements, assembled export price stood at $437 per unit in 2022, surging by 31% against the previous year. Overall, the export price enjoyed a resilient increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 131%. As a result, the export price attained the peak level of $741 per unit. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($564 per unit), while the average price for exports to Papua New Guinea ($30 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+1,019.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average watches; incomplete movements, assembled import price amounted to $116 per unit, picking up by 17% against the previous year. Overall, the import price, however, faced a abrupt slump. The growth pace was the most rapid in 2021 when the average import price increased by 151% against the previous year. The import price peaked at $843 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($911 per unit), while the price for China ($94 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1,764.1%), while the prices for the other major suppliers experienced a decline.

Exports of Watches; Incomplete Movements, Assembled in Thailand

After three years of growth, shipments abroad of watches; incomplete movements, assembleds decreased by -72.3% to 70 units in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,000%. As a result, the exports attained the peak of 253 units, and then reduced dramatically in the following year.

In value terms, watches; incomplete movements, assembled exports reduced rapidly to $31K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 1,627% against the previous year. As a result, the exports attained the peak of $84K, and then contracted dramatically in the following year.

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

1. Hong Kong SAR (40.0 units)
2. United States (29.0 units)

Imports of Watches; Incomplete Movements, Assembled in Thailand

For the third consecutive year, Thailand recorded decline in overseas purchases of watches; incomplete movements, assembleds, which decreased by -11.3% to 47 units in 2022. Over the period under review, imports faced a sharp downturn. Over the period under review, imports reached the maximum at 188 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, watches; incomplete movements, assembled imports expanded significantly to $5.5K in 2022. Overall, imports faced a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 77% against the previous year. Over the period under review, imports reached the peak figure at $18K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. China (45.0 units)
2. South Korea (1.0 units)
3. Indonesia (1.0 units)
4. Hong Kong SAR (1.0 units)

Source: IndexBox Market Intelligence Platform