Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Serbia - 2023
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Serbia (CIF) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Serbia (FOB) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Serbia
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Serbia
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Serbia (CIF) - 2022
In 2022, the average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $2,386 per unit, surging by 42% against the previous year. Overall, the import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 65%. The import price peaked in 2022 and is likely to continue 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 ($3,736 per unit), while the price for China ($85 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+24.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Serbia (FOB) - 2022
In 2022, the average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $1,273 per unit, dropping by -30.8% against the previous year. Over the period under review, the export price saw a noticeable slump. The growth pace was the most rapid in 2021 when the average export price increased by 67% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,631 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($4,227 per unit), while the average price for exports to Slovakia ($97 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 Singapore (+11.3%), 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 Serbia
Imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings into Serbia reduced remarkably to 5.4K units in 2022, which is down by -27.3% against the previous year. In general, imports faced a dramatic shrinkage. The smallest decline of -0.3% was in 2021. Over the period under review, imports of hit record highs at 12K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $13M in 2022. The total import value increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 27% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 8.5 | 9.2 | 11.4 | 12.7 | 14.3% |
| Japan | 0.2 | N/A | 0.2 | 0.2 | 0.0% |
| China | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Hong Kong SAR | N/A | N/A | N/A | N/A | 0% |
| Spain | N/A | N/A | N/A | N/A | 0% |
| Germany | N/A | N/A | N/A | N/A | 0% |
| Czech Republic | 0.4 | 0.1 | 0.3 | N/A | -13.4% |
| Others | 0.3 | 0.4 | 0.5 | N/A | 29.1% |
| Total | 9.6 | 9.9 | 12.5 | 12.9 | 10.4% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Serbia in 2022:
- Switzerland (3.4K units)
- Japan (1.0K units)
- China (0.8K units)
- Germany (0.1K units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Serbia
For the third consecutive year, Serbia recorded decline in overseas shipments of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings, which decreased by -1.8% to 1.2K units in 2022. In general, exports continue to indicate a abrupt contraction. Over the period under review, the exports of attained the peak figure at 2.2K 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 declined remarkably to $1.5M in 2022. Overall, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 14% against the previous year. Over the period under review, the exports of hit record highs at $3.4M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,134 | 421 | 1,432 | 658 | -16.6% |
| Montenegro | 3.3 | 2.2 | 2.0 | 344 | 370.6% |
| United Kingdom | 831 | 587 | 205 | 166 | -41.5% |
| Russia | 11.7 | 4.0 | 73.2 | 136 | 126.5% |
| Singapore | 312 | 272 | 339 | 110 | -29.4% |
| Slovakia | N/A | N/A | N/A | 33.7 | 0% |
| Israel | 732 | 280 | 11.5 | 1.9 | -86.3% |
| Hong Kong SAR | 274 | 142 | 44.0 | N/A | -59.9% |
| China | N/A | 160 | N/A | N/A | 0% |
| Others | 126 | 88.7 | 117 | 62.0 | -21.1% |
| Total | 3,424 | 1,957 | 2,223 | 1,511 | -23.9% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Serbia in 2022:
- Switzerland (410.0 units)
- Slovakia (346.0 units)
- Montenegro (152.0 units)
- Russia (130.0 units)
- United Kingdom (113.0 units)
- Singapore (26.0 units)
- Israel (1.0 units)
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