Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Malaysia - 2024
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Malaysia (CIF) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Malaysia (FOB) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Malaysia
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Malaysia
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Malaysia (CIF) - 2022
In 2022, the average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $303 per unit, increasing by 9.5% against the previous year. In general, the import price saw a buoyant increase. The growth pace was the most rapid in 2015 when the average import price increased by 107%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($3,490 per unit), while the price for Hong Kong SAR ($62 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+29.4%), 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 Malaysia (FOB) - 2022
In 2022, the average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $415 per unit, dropping by -44.6% against the previous year. Overall, the export price, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 593% against the previous year. The export price peaked at $2,272 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($1,012 per unit), while the average price for exports to Russia ($130 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 Morocco (+1,590.3%), 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 Malaysia
Imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings into Malaysia surged to 233K units in 2022, with an increase of 19% against 2021 figures. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +6.1% 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 +67.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings soared to $70M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.0% 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 +71.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 31.9 | 20.1 | 28.2 | 46.5 | 13.4% |
| Singapore | 16.8 | 11.4 | 14.7 | 12.5 | -9.4% |
| Hong Kong SAR | 5.0 | 5.3 | 6.1 | 5.8 | 5.1% |
| Japan | 1.8 | 3.2 | 3.6 | 3.3 | 22.4% |
| Others | 0.5 | 1.2 | 1.8 | 2.4 | 68.7% |
| Total | 56.0 | 41.1 | 54.3 | 70.5 | 8.0% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Malaysia in 2022:
- Switzerland (123.6K units)
- Hong Kong SAR (92.9K units)
- Japan (7.9K units)
- Singapore (3.6K units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Malaysia
For the fourth year in a row, Malaysia recorded growth in shipments abroad of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings, which increased by 51% to 3.6K units in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 388% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings fell rapidly to $1.5M in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 301% against the previous year. As a result, the exports attained the peak of $1.9M. 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 Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 101 | 599 | 817 | 366 | 53.6% |
| Kazakhstan | N/A | N/A | 291 | 321 | 10.3% |
| United Arab Emirates | 5.8 | 8.1 | 29.0 | 293 | 269.7% |
| Brunei Darussalam | N/A | 4.4 | N/A | 90.1 | 352.5% |
| Kyrgyzstan | N/A | N/A | 10.2 | 63.3 | 520.6% |
| Switzerland | 201 | 86.0 | 146 | 53.1 | -35.8% |
| Thailand | N/A | 7.2 | 1.8 | 36.2 | 124.2% |
| Vietnam | N/A | N/A | 19.6 | 28.6 | 45.9% |
| Hong Kong SAR | 158 | 1,214 | 414 | 26.1 | -45.1% |
| Russia | N/A | N/A | N/A | 19.1 | 0% |
| Others | 15.5 | 12.2 | 78.8 | 215 | 140.3% |
| Total | 481 | 1,930 | 1,806 | 1,511 | 46.5% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Malaysia in 2022:
- Kazakhstan (1240.0 units)
- United Arab Emirates (1017.0 units)
- Singapore (362.0 units)
- Kyrgyzstan (288.0 units)
- Brunei Darussalam (148.0 units)
- Russia (147.0 units)
- Thailand (120.0 units)
- Vietnam (92.0 units)
- Switzerland (21.0 units)
- Hong Kong SAR (14.0 units)
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