Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Greece - 2023

Contents:

  1. Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Greece (CIF) - 2022
  2. Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Greece (FOB) - 2022
  3. Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Greece
  4. Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Greece

Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Greece (CIF) - 2022

The average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $1,389 per unit in 2022, dropping by -12.6% against the previous year. Over the period under review, the import price, however, showed a prominent increase. The growth pace was the most rapid in 2017 an increase of 100%. The import price peaked at $1,589 per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($3,520 per unit), while the price for the Netherlands ($108 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+33.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Greece (FOB) - 2022

The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $3,269 per unit in 2022, picking up by 10% against the previous year. Over the period under review, the export price saw a strong increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by 133%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($5,505 per unit), while the average price for exports to Gabon ($45 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Greece

In 2022, approx. 58K units of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings were imported into Greece; rising by 29% against 2021. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +7.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 41%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings rose significantly to $80M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 46%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Greece (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland46.237.847.558.88.4%
France14.55.013.09.9-11.9%
Germany0.80.61.21.111.2%
Spain0.1N/AN/A0.681.7%
Netherlands0.40.30.60.57.7%
Others1.55.18.89.283.0%
Total63.548.871.180.28.1%

Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Greece in 2022:

  1. Switzerland (46.5K units)
  2. Netherlands (4.9K units)
  3. France (2.8K units)
  4. Spain (1.2K units)
  5. Germany (1.0K units)

Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Greece

Exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings from Greece amounted to 3.7K units in 2022, picking up by 8.4% compared with 2021 figures. Overall, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 61%. As a result, the exports reached the peak of 8.2K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings soared to $12M in 2022. Over the period under review, exports, however, continue to indicate a perceptible decline. The exports peaked at $16M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Greece (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy0.30.70.72.5102.7%
Germany2.54.93.02.1-5.6%
Cyprus4.03.41.21.8-23.4%
Switzerland0.30.41.31.467.1%
United Kingdom1.62.40.31.2-9.1%
LebanonN/AN/A0.10.6500.0%
United States2.11.10.10.4-42.5%
Hong Kong SAR1.90.30.20.1-62.5%
GabonN/AN/AN/AN/A0%
Czech RepublicN/AN/A0.4N/A0%
Others1.12.43.02.226.0%
Total13.915.610.312.2-4.3%

Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Greece in 2022:

  1. Switzerland (1053.0 units)
  2. Italy (652.0 units)
  3. Cyprus (399.0 units)
  4. Germany (379.0 units)
  5. United Kingdom (357.0 units)
  6. Lebanon (170.0 units)
  7. Gabon (155.0 units)
  8. United States (80.0 units)
  9. Hong Kong SAR (52.0 units)
  10. Czech Republic (1.0 units)

Source: IndexBox Market Intelligence Platform

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