Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Philippines - 2023
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Philippines (CIF) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Philippines (FOB) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Philippines
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Philippines
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Philippines (CIF) - 2022
The average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $75 per unit in 2022, reducing by -97% against the previous year. In general, the import price, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 256% against the previous year. The import price peaked at $2,488 per unit in 2021, and then dropped remarkably in the following year.
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 China ($1,571 per unit), while the price for Malaysia ($0.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+48.5%), 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 the Philippines (FOB) - 2022
The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $1,835 per unit in 2022, increasing by 293% against the previous year. Over the period under review, the export price showed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($2,521 per unit), while the average price for exports to Qatar ($1.8 per unit) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+891.4%), 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 the Philippines
In 2022, purchases abroad of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings increased by 4,054% to 779K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings skyrocketed to $59M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 932 | 604 | 258 | 858 | -2.7% |
| Hong Kong SAR | 1,152 | 1,988 | 539 | 242 | -40.6% |
| Malaysia | N/A | 0.5 | N/A | 188 | 1839.1% |
| Vietnam | N/A | N/A | N/A | 24.1 | 0% |
| Others | 21,131 | 30,461 | 45,867 | 57,343 | 39.5% |
| Total | 23,215 | 33,053 | 46,664 | 58,656 | 36.2% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to the Philippines in 2022:
- Malaysia (695.4K units)
- Vietnam (53.7K units)
- Hong Kong SAR (3.4K units)
- China (0.5K units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Philippines
In 2022, shipments abroad of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings decreased by -93.1% to 153 units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 3,618% against the previous year. As a result, the exports reached the peak of 2.2K units, and then fell sharply in the following year.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings shrank markedly to $281K in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 5,061% against the previous year. As a result, the exports attained the peak of $1M, and then contracted dramatically in the following year.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 0.5 | 4.1 | 107 | 207 | 645.3% |
| Singapore | 0.8 | 3.4 | 297 | 57.5 | 315.8% |
| Jordan | N/A | N/A | N/A | 6.4 | 0% |
| United States | N/A | 0.1 | 3.7 | 1.7 | 312.3% |
| Qatar | N/A | N/A | N/A | 0.1 | 0% |
| New Zealand | N/A | N/A | 87.0 | N/A | 0% |
| Peru | N/A | 1.1 | 169 | N/A | 15263.6% |
| Others | 16.2 | 11.4 | 378 | 8.4 | -19.7% |
| Total | 17.5 | 20.2 | 1,041 | 281 | 152.3% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from the Philippines in 2022:
- Hong Kong SAR (82.0 units)
- Qatar (35.0 units)
- Singapore (24.0 units)
- Jordan (7.0 units)
- United States (3.0 units)
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