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

Contents:

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

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

The average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $605 per unit in 2022, with a decrease of -11.9% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2013 an increase of 51%. The import price peaked at $687 per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($1,492 per unit), while the price for China ($41 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.3%), 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 Hungary (FOB) - 2022

The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $321 per unit in 2022, reducing by -57.9% against the previous year. Overall, the export price recorded a deep setback. The pace of growth appeared the most rapid in 2015 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices hit record highs at $1,042 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($4,202 per unit), while the average price for exports to Iraq ($0.4 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 Romania (+18.4%), 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 Hungary

In 2022, the amount of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings imported into Hungary reached 21K units, with an increase of 13% against the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at 21K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings dropped modestly to $13M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, imports reached the peak of $13M, leveling off in the following year.

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

1. Germany (7.0K units)
2. Switzerland (3.7K units)
3. China (3.2K units)
4. Austria (2.4K units)
5. Thailand (1.3K units)
6. Slovenia (0.8K units)
7. France (0.7K units)
8. Spain (0.2K units)
9. Italy (0.1K units)

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

In 2022, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings from Hungary soared to 16K units, jumping by 21% compared with the previous year. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +100.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 66%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings reduced markedly to $5.1M in 2022. Overall, exports, however, showed a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. Over the period under review, the exports of attained the peak figure at $10M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

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

1. Austria (8.8K units)
2. Hong Kong SAR (3.4K units)
3. Turkey (1.8K units)
4. Switzerland (0.3K units)
5. Japan (0.3K units)
6. Iraq (0.3K units)
7. United Kingdom (0.1K units)
8. Slovakia (0.1K units)

Source: IndexBox Market Intelligence Platform