Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Latvia - 2023
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Latvia (CIF) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Latvia (FOB) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Latvia
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Latvia
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Latvia (CIF) - 2022
In 2022, the average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $562 per unit, picking up by 63% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $780 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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 Switzerland ($1,048 per unit), while the price for Lithuania ($25 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+23.6%), 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 Latvia (FOB) - 2022
The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $431 per unit in 2022, reducing by -6.4% against the previous year. In general, the export price recorded a deep setback. The pace of growth was the most pronounced in 2019 when the average export price increased by 79%. The export price peaked at $1,281 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
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 the UK ($1,735 per unit), while the average price for exports to Belgium ($30 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 the UK (+14.2%), 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 Latvia
In 2022, overseas purchases of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings decreased by -29.7% to 5.5K units for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +5.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 55%. As a result, imports reached the peak of 7.8K units, and then dropped dramatically in the following year.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings rose sharply to $3.1M in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached 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 Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,845 | 1,719 | 2,160 | 2,799 | 14.9% |
| Lithuania | 16.7 | 27.2 | 53.5 | 46.2 | 40.4% |
| Croatia | 19.8 | 10.6 | 1.8 | 40.3 | 26.7% |
| Austria | 19.4 | 46.0 | 5.7 | 15.9 | -6.4% |
| Germany | 235 | 251 | 11.0 | 11.9 | -63.0% |
| China | 14.7 | 96.9 | 38.0 | 2.5 | -44.6% |
| France | 253 | 209 | 107 | 1.1 | -83.7% |
| Estonia | 55.1 | 3.3 | 6.6 | N/A | -65.4% |
| Others | 197 | 60.8 | 286 | 145 | -9.7% |
| Total | 2,656 | 2,424 | 2,670 | 3,062 | 4.9% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Latvia in 2022:
- Switzerland (2671.0 units)
- Lithuania (1863.0 units)
- Croatia (445.0 units)
- Austria (85.0 units)
- Germany (82.0 units)
- China (16.0 units)
- France (6.0 units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Latvia
In 2022, approx. 2.7K units of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings were exported from Latvia; with a decrease of -28.4% on the year before. Over the period under review, exports continue to indicate a dramatic contraction. The smallest decline of -6.3% was in 2021. The exports peaked at 5.8K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings plummeted to $1.2M in 2022. In general, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. The exports peaked at $2.5M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 124 | 36.7 | 847 | 593 | 68.5% |
| Hong Kong SAR | 743 | 96.3 | 69.0 | 227 | -32.6% |
| Switzerland | 1,196 | 732 | 313 | 163 | -48.5% |
| Singapore | 14.2 | 15.7 | 66.1 | 39.1 | 40.2% |
| Poland | 1.9 | 51.3 | 73.1 | 28.3 | 146.0% |
| Lithuania | 16.6 | 22.1 | 23.6 | 23.3 | 12.0% |
| Belgium | N/A | N/A | N/A | 7.9 | 0% |
| Macao SAR | 73.6 | N/A | N/A | N/A | 0% |
| Malaysia | N/A | 12.5 | N/A | N/A | 0% |
| Others | 366 | 348 | 366 | 95.3 | -36.1% |
| Total | 2,535 | 1,315 | 1,758 | 1,177 | -22.6% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Latvia in 2022:
- Hong Kong SAR (847.0 units)
- United Kingdom (342.0 units)
- Poland (312.0 units)
- Lithuania (283.0 units)
- Belgium (267.0 units)
- Singapore (178.0 units)
- Switzerland (139.0 units)
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