Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Thailand - 2024
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Thailand (CIF) - 2024
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Thailand (FOB) - 2024
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Thailand
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Thailand
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Thailand (CIF) - 2024
In January 2024, the average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $1,031 per unit, rising by 37% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 48% month-to-month. As a result, import price attained the peak level of $1,050 per unit; afterwards, it flattened through to January 2024.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Switzerland ($2,213 per unit), while the price for China ($105 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Switzerland (+1.8%), 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 Thailand (FOB) - 2024
The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $2,363 per unit in January 2024, with a decrease of -10.2% against the previous month. Overall, export price indicated a notable increase from January 2023 to January 2024: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings increased by +4.0% against November 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 77% against the previous month. As a result, the export price attained the peak level of $3,757 per unit; afterwards, it flattened through to January 2024.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($4,155 per unit), while the average price for exports to Myanmar ($267 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+9.0%), 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 Thailand
In 2022, purchases abroad of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings was finally on the rise to reach 147K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports of attained the peak figure at 149K 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 soared to $117M in 2022. Over the period under review, imports posted buoyant growth. 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 Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 66.4 | 47.2 | 65.6 | 103 | 15.8% |
| China | 3.0 | 1.1 | 4.6 | 7.6 | 36.3% |
| Japan | 3.9 | 5.5 | 3.9 | 5.1 | 9.4% |
| Hong Kong SAR | 2.0 | 6.9 | 0.4 | 0.1 | -63.2% |
| Myanmar | N/A | N/A | N/A | N/A | 0% |
| Others | 0.8 | 0.5 | 0.8 | 0.7 | -4.4% |
| Total | 76.1 | 61.3 | 75.3 | 117 | 15.4% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Thailand in 2022:
- China (73.6K units)
- Switzerland (53.8K units)
- Japan (14.2K units)
- Hong Kong SAR (1.3K units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Thailand
Exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings from Thailand soared to 33K units in 2022, growing by 31% compared with the year before. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 330%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings dropped rapidly to $22M in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 124%. As a result, the exports reached the peak of $48M, and then fell remarkably in the following year.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 2.5 | 11.1 | 25.1 | 6.9 | 40.3% |
| Singapore | 4.6 | 2.5 | 2.1 | 2.5 | -18.4% |
| Switzerland | 0.3 | 1.8 | 2.6 | 2.5 | 102.7% |
| India | 1.5 | 0.2 | N/A | 2.0 | 10.1% |
| South Korea | 1.4 | 0.4 | 0.1 | 1.2 | -5.0% |
| China | 6.3 | 2.5 | 0.1 | 1.1 | -44.1% |
| Macao SAR | N/A | N/A | 0.6 | 0.6 | 0.0% |
| Myanmar | N/A | N/A | N/A | 0.4 | 0% |
| Germany | 0.3 | 0.2 | N/A | 0.3 | 0.0% |
| Cambodia | 0.7 | N/A | N/A | 0.2 | -34.1% |
| United States | 0.3 | 0.1 | 14.9 | 0.2 | -12.6% |
| Others | 4.8 | 2.3 | 2.2 | 4.1 | -5.1% |
| Total | 22.5 | 21.2 | 47.5 | 22.2 | -0.4% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Thailand in 2022:
- Switzerland (10.3K units)
- Hong Kong SAR (6.5K units)
- India (3.0K units)
- China (1.9K units)
- South Korea (1.7K units)
- Singapore (1.3K units)
- Macao SAR (1.1K units)
- Myanmar (0.7K units)
- Germany (0.7K units)
- Cambodia (0.3K units)
- United States (0.3K units)
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