Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the UK - 2023
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the UK (CIF) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the UK (FOB) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the UK
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the UK
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the UK (CIF) - 2022
The average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $1,571 per unit in 2022, rising by 17% against the previous year. In general, the import price posted a strong increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 66% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($2,532 per unit), while the price for China ($45 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+14.6%), 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 the UK (FOB) - 2022
In 2022, the average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $895 per unit, rising by 4.6% against the previous year. In general, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 82%. The export price peaked at $1,001 per unit in 2020; however, from 2021 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 Switzerland ($5,309 per unit), while the average price for exports to Malawi ($56 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 Spain (+34.8%), 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 UK
In 2022, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings into the UK expanded remarkably to 518K units, surging by 10% against the year before. Over the period under review, imports, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of 53%. Imports peaked at 550K 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 skyrocketed to $814M in 2022. In general, imports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 155% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 174 | 149 | 561 | 790 | 65.6% |
| Hong Kong SAR | 1.8 | 1.6 | 2.8 | 6.2 | 51.0% |
| China | 4.3 | 2.9 | 3.1 | 4.3 | 0.0% |
| Germany | 19.6 | 9.1 | 3.0 | 4.2 | -40.2% |
| Japan | 0.4 | 0.7 | 0.7 | 2.4 | 81.7% |
| Italy | 3.9 | 1.8 | 1.1 | 1.2 | -32.5% |
| France | 91.4 | 72.2 | 46.8 | 1.0 | -77.8% |
| Netherlands | 2.3 | 0.9 | 0.8 | N/A | -41.0% |
| Others | 5.0 | 9.8 | 11.8 | 4.0 | -7.2% |
| Total | 303 | 248 | 632 | 814 | 39.0% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to the UK in 2022:
- Switzerland (312.2K units)
- China (94.8K units)
- Hong Kong SAR (68.5K units)
- Japan (21.2K units)
- Germany (12.4K units)
- Italy (0.9K units)
- France (0.9K units)
- Netherlands (0.1K units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the UK
In 2022, approx. 166K units of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings were exported from the UK; which is down by -19.8% compared with the previous year's figure. In general, total exports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +4.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 83%. As a result, the exports attained the peak of 208K units, and then dropped rapidly in the following year.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings shrank notably to $149M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 56%. As a result, the exports attained the peak of $178M, and then reduced dramatically in the following year.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 36.5 | 32.9 | 51.6 | 35.7 | -0.7% |
| Hong Kong SAR | 11.5 | 19.9 | 35.2 | 26.8 | 32.6% |
| United States | 8.9 | 10.1 | 21.0 | 25.0 | 41.1% |
| France | 13.2 | 14.8 | 14.1 | 16.0 | 6.6% |
| Ireland | 1.8 | 1.8 | 12.8 | 13.1 | 93.8% |
| Germany | 5.0 | 5.5 | 8.6 | 4.1 | -6.4% |
| Italy | 5.8 | 6.0 | 7.4 | 3.4 | -16.3% |
| Australia | 0.9 | 1.0 | 2.1 | 1.4 | 15.9% |
| Malawi | N/A | N/A | N/A | 0.2 | 0% |
| Poland | 0.7 | 0.5 | 0.1 | 0.1 | -47.7% |
| Belgium | 0.6 | 0.3 | 0.3 | 0.1 | -45.0% |
| Others | 20.8 | 21.0 | 24.4 | 23.0 | 3.4% |
| Total | 106 | 114 | 178 | 149 | 12.0% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from the UK in 2022:
- Ireland (71.5K units)
- Hong Kong SAR (33.9K units)
- France (11.3K units)
- United States (8.8K units)
- Germany (7.4K units)
- Switzerland (6.7K units)
- Italy (4.9K units)
- Malawi (3.8K units)
- Australia (2.6K units)
- Belgium (0.8K units)
- Poland (0.4K units)
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