Price for Watches; Incomplete Movements, Assembled in the Dominican Republic - 2022

Contents:

1. Price for Watches; Incomplete Movements, Assembled in the Dominican Republic (CIF) - 2022
2. Imports of Watches; Incomplete Movements, Assembled in the Dominican Republic

Price for Watches; Incomplete Movements, Assembled in the Dominican Republic (CIF) - 2022

The average watches; incomplete movements, assembled import price stood at $880 per unit in 2022, jumping by 66% against the previous year. In general, the import price posted significant growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 266%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Switzerland.

From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to +117.7% per year.

Imports of Watches; Incomplete Movements, Assembled in the Dominican Republic

In 2022, watches; incomplete movements, assembled imports into the Dominican Republic declined dramatically to 1 units, shrinking by -80% compared with the previous year. Over the period under review, imports showed a sharp descent. The pace of growth appeared the most rapid in 2021 with an increase of 150%. Imports peaked at 7 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, watches; incomplete movements, assembled imports contracted dramatically to $880 in 2022. Overall, imports faced a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 814% against the previous year. As a result, imports reached the peak of $2.6K, and then declined significantly in the following year.

Top Suppliers of Watches; Incomplete Movements, Assembled to the Dominican Republic in 2022:

1. Switzerland (1.0 units)

Source: IndexBox Market Intelligence Platform