Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Sri Lanka - 2022
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Sri Lanka (FOB) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Sri Lanka (CIF) - 2022
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Sri Lanka
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Sri Lanka
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Sri Lanka (FOB) - 2022
In 2022, the average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $1,366 per unit, waning by -38.1% against the previous year. Overall, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 195% against the previous year. The export price peaked at $4,426 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($3,643 per unit), while the average price for exports to Maldives ($54 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 (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Sri Lanka (CIF) - 2022
In 2022, the average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $3,016 per unit, rising by 159% against the previous year. Overall, the import price recorded a significant increase. The pace of growth appeared the most rapid in 2013 when the average import price increased by 204%. The import price peaked in 2022 and is likely to see steady 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 ($7,636 per unit), while the price for Hong Kong SAR ($77 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+35.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Sri Lanka
Exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings from Sri Lanka soared to 779 units in 2022, picking up by 3,441% compared with the previous year's figure. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings soared to $1.1M in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 257 | 10.6 | 42.4 | 612 | 33.5% |
| Switzerland | 7.3 | 4.2 | 1.1 | 142 | 168.9% |
| Singapore | 4.2 | 2.2 | 0.5 | 89.5 | 177.2% |
| Maldives | N/A | N/A | N/A | 16.3 | 0% |
| Qatar | 1.8 | N/A | N/A | N/A | 0% |
| Others | 0.9 | 3.5 | 4.5 | 205 | 510.7% |
| Total | 271 | 20.5 | 48.6 | 1,064 | 57.8% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Sri Lanka in 2022:
- Maldives (302.0 units)
- Switzerland (178.0 units)
- Hong Kong SAR (168.0 units)
- Singapore (115.0 units)
Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Sri Lanka
In 2022, approx. 318 units of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings were imported into Sri Lanka; shrinking by -93.9% compared with the previous year's figure. Over the period under review, imports saw a precipitous descent. The pace of growth was the most pronounced in 2021 when imports increased by 38%. As a result, imports reached the peak of 5.2K units, and then plummeted in the following year.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings fell sharply to $959K in 2022. Overall, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports reached the peak of $6.1M, and then fell significantly in the following year.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 3,618 | 3,154 | 4,290 | 924 | -36.6% |
| India | 30.0 | 30.9 | 22.3 | 14.5 | -21.5% |
| United States | 10.5 | 15.5 | 15.2 | 8.7 | -6.1% |
| China | 144 | 116 | 159 | 6.1 | -65.1% |
| United Kingdom | 3.2 | 37.7 | 518 | 4.1 | 8.6% |
| Hong Kong SAR | 1.7 | 0.4 | 60.2 | 0.2 | -51.0% |
| Japan | 27.4 | 12.9 | 5.9 | N/A | -53.6% |
| Singapore | 592 | 525 | 327 | N/A | -25.7% |
| Others | 30.0 | 367 | 663 | 1.5 | -63.2% |
| Total | 4,457 | 4,260 | 6,061 | 959 | -40.1% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Sri Lanka in 2022:
- Switzerland (121.0 units)
- India (111.0 units)
- China (61.0 units)
- United States (10.0 units)
- United Kingdom (6.0 units)
- Hong Kong SAR (2.0 units)
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