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

Contents:

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

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

The average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $1,203 per unit in 2022, remaining constant against the previous year. In general, the import price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2013 an increase of 195% against the previous year. The import price peaked at $1,426 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 China ($2,624 per unit), while the price for Hong Kong SAR ($816 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.9%), 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 Indonesia (FOB) - 2022

The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $2,618 per unit in March 2022, leveling off at the previous month. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From February 2022 to March 2022, the rate of growth in terms of prices for Singapore amounted to +0.0% per month.

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

In 2022, approx. 12K units of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings were imported into Indonesia; increasing by 48% against the previous year. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings skyrocketed to $14M in 2022. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore2.55.06.77.946.7%
Hong Kong SAR1.20.40.42.629.4%
Switzerland1.00.91.11.821.6%
China0.60.71.01.432.6%
Others0.20.20.30.20.0%
Total5.57.39.513.936.2%

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

  1. Singapore (7.0K units)
  2. Hong Kong SAR (3.2K units)
  3. Switzerland (0.7K units)
  4. China (0.5K units)

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

In 2022, shipments abroad of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings decreased by -96.2% to 310 units, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 246% against the previous year. As a result, the exports reached the peak of 9.3K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings declined markedly to $209K in 2022. In general, exports showed a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 309%. As a result, the exports reached the peak of $4.9M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore37.279829818871.6%
United States7.911.07.312.315.9%
China0.349987.69.5216.4%
Maldives1.40.8N/A0.1-58.5%
Hong Kong SAR7133,0752,831N/A99.3%
Switzerland36946399.6N/A-48.0%
Austria10.013.73.8N/A-38.4%
Czech RepublicN/AN/A30.7N/A0%
Others66.268.6101N/A23.5%
Total1,2054,9283,458209-44.2%

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

  1. Singapore (282.0 units)
  2. United States (16.0 units)
  3. Maldives (6.0 units)
  4. China (5.0 units)

Source: IndexBox Market Intelligence Platform

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