Price for Watches; Incomplete Movements, Assembled in the UK - 2023

Contents:

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

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

In 2022, the average watches; incomplete movements, assembled export price amounted to $198 per unit, reducing by -86.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 82%. The export price peaked at $1,500 per unit in 2017; however, from 2018 to 2022, the 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 Ireland ($357 per unit), while the average price for exports to China totaled $191 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+40.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average watches; incomplete movements, assembled import price amounted to $36 per unit, surging by 4.5% against the previous year. In general, the import price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of 281% against the previous year. As a result, import price reached the peak level of $691 per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($613 per unit), while the price for Pakistan ($17 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+5.2%), while the prices for the other major suppliers experienced a decline.

Exports of Watches; Incomplete Movements, Assembled in the UK

In 2022, overseas shipments of watches; incomplete movements, assembleds decreased by -62.1% to 204 units, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a precipitous descent. The pace of growth appeared the most rapid in 2020 with an increase of 32% against the previous year. As a result, the exports reached the peak of 1.2K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, watches; incomplete movements, assembled exports reduced notably to $40K in 2022. Overall, exports recorded a sharp contraction. The pace of growth appeared the most rapid in 2020 with an increase of 92% against the previous year. As a result, the exports attained the peak of $1.4M. From 2021 to 2022, the growth of the exports remained at a lower figure.

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

1. China (196.0 units)
2. Ireland (8.0 units)

Imports of Watches; Incomplete Movements, Assembled in the UK

In 2022, approx. 3.1K units of watches; incomplete movements, assembleds were imported into the UK; waning by -50.4% against the year before. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 14,961% against the previous year. As a result, imports reached the peak of 6.2K units, and then reduced remarkably in the following year.

In value terms, watches; incomplete movements, assembled imports reduced markedly to $111K in 2022. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 5,208% against the previous year. As a result, imports reached the peak of $214K, and then shrank markedly in the following year.

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

1. China (2652.0 units)
2. Pakistan (328.0 units)
3. Italy (48.0 units)

Source: IndexBox Market Intelligence Platform