Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Morocco - 2023
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Morocco (CIF) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Morocco (FOB) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Morocco
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Morocco
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Morocco (CIF) - 2022
The average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $507 per unit in 2022, rising by 194% against the previous year. Over the period under review, the import price recorded a modest expansion. The most prominent rate of growth was recorded in 2021 an increase of 261%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.
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 ($1,724 per unit), while the price for China ($9.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.6%), 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 Morocco (FOB) - 2022
The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $3,029 per unit in 2022, increasing by 145% against the previous year. Overall, the export price showed a pronounced expansion. The most prominent rate of growth was recorded in 2017 an increase of 375% against the previous year. The export price peaked at $3,638 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($4,000 per unit), while the average price for exports to Spain stood at $118 per unit.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+242.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Morocco
In 2022, purchases abroad of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings decreased by -70.9% to 13K units, falling for the second year in a row after two years of growth. In general, imports showed a precipitous slump. The pace of growth was the most pronounced in 2020 with an increase of 343% against the previous year. As a result, imports attained the peak of 152K units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings declined to $6.5M in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 16% against the previous year. Imports peaked at $7.6M in 2021, and then shrank in the following year.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 5.7 | 5.0 | 7.2 | 6.4 | 3.9% |
| China | 0.5 | 2.1 | 0.3 | 0.1 | -41.5% |
| Hong Kong SAR | N/A | N/A | N/A | N/A | 0% |
| Japan | N/A | N/A | N/A | N/A | 0% |
| Spain | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 6.3 | 7.3 | 7.6 | 6.5 | 1.0% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Morocco in 2022:
- China (6.5K units)
- Switzerland (3.7K units)
- Hong Kong SAR (1.6K units)
- Spain (0.5K units)
- Japan (0.3K units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Morocco
In 2022, approx. 4 units of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings were exported from Morocco; dropping by -96.3% compared with 2021. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 5,300%. As a result, the exports attained the peak of 108 units, and then dropped sharply in the following year.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings dropped sharply to $12K in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 12,978% against the previous year. As a result, the exports attained the peak of $133K, and then contracted significantly in the following year.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | 18.3 | 12.0 | -34.4% |
| Spain | 1.0 | 0.1 | 0.1 | 0.1 | -53.6% |
| Switzerland | N/A | N/A | 91.8 | N/A | 0% |
| Sweden | N/A | N/A | 9.7 | N/A | 0% |
| Netherlands | N/A | N/A | 13.5 | N/A | 0% |
| Others | N/A | 0.9 | N/A | N/A | 0% |
| Total | 1.0 | 1.0 | 133 | 12.1 | 129.6% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Morocco in 2022:
- France (3.0 units)
- Spain (1.0 units)
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