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

Contents:

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

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

The average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $1,560 per unit in 2022, growing by 7.6% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings increased by +107.7% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 43%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 ($1,602 per unit), while the price for China ($512 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+6.0%), 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 Paraguay (FOB) - 2022

In 2022, the average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $1,774 per unit, surging by 26,771% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked at $1,787 per unit in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($2,310 per unit), while the average price for exports to Spain amounted to $163 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+0.8%).

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

In 2022, the amount of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings imported into Paraguay surged to 837 units, picking up by 31% compared with 2021 figures. Overall, imports, however, saw a pronounced reduction. Imports peaked at 910 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings surged to $1.3M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.1% 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 +82.5% against 2020 indices. 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 Paraguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland5393814141,22431.4%
Japan4.34.49.756.0135.3%
China18.4N/A7.316.4-3.8%
United States31.21142743.5-51.8%
Argentina264195202N/A-12.5%
Chile30.018.315.7N/A-27.7%
Others91.63.74.06.0-59.7%
Total9787159271,30610.1%

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

  1. Switzerland (764.0 units)
  2. Japan (36.0 units)
  3. China (32.0 units)
  4. United States (3.0 units)

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

Exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings from Paraguay declined significantly to 4 units in 2022, reducing by -20% against the year before. In general, exports faced a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 67%. The exports peaked at 51 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings skyrocketed to $7.1K in 2022. Over the period under review, exports continue to indicate a dramatic contraction. The exports peaked at $38K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Paraguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland34.10.1N/A6.9-41.3%
SpainN/AN/AN/A0.20%
ChileN/AN/AN/AN/A0%
ChinaN/AN/AN/AN/A0%
United States3.90.2N/AN/A-94.9%
TurkeyN/AN/AN/AN/A0%
BrazilN/AN/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total38.00.2N/A7.1-42.8%

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

  1. Switzerland (3.0 units)
  2. Spain (1.0 units)

Source: IndexBox Market Intelligence Platform

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