Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United States - 2023
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United States (CIF) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United States (FOB) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United States
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United States
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United States (CIF) - 2022
In 2022, the average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $368 per unit, which is down by -6.7% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs at $394 per unit in 2021, and then contracted in the following year.
As there is only one major supplying country, the average price level is determined by prices for Switzerland.
From 2012 to 2022, the rate of growth in terms of prices for Switzerland amounted to +2.9% per year.
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United States (FOB) - 2022
The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $472 per unit in 2022, standing approx. at the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings decreased by -8.2% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 37%. The export price peaked at $514 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 the UK ($808 per unit), while the average price for exports to the Netherlands ($202 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 Australia (+19.3%), 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 the United States
In 2022, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings into the United States soared to 7.8M units, picking up by 20% compared with 2021. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings expanded rapidly to $2.9B in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 58%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1.7 | 1.6 | 2.5 | 2.7 | 16.7% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 1.8 | 1.6 | 2.6 | 2.9 | 17.2% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to the United States in 2022:
- Switzerland (7.5M units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United States
In 2022, the amount of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings exported from the United States rose slightly to 447K units, picking up by 2.6% on the year before. The total export volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings totaled $211M in 2022. The total export value increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 32.9 | 35.1 | 57.0 | 50.7 | 15.5% |
| Hong Kong SAR | 74.1 | 75.0 | 58.2 | 33.7 | -23.1% |
| Canada | 11.0 | 14.1 | 23.7 | 27.2 | 35.2% |
| United Arab Emirates | 4.2 | 9.4 | 12.6 | 10.9 | 37.4% |
| Singapore | 4.6 | 3.8 | 5.0 | 7.7 | 18.7% |
| Mexico | 1.3 | 0.8 | 3.0 | 7.1 | 76.1% |
| Saint Maarten (Dutch part) | 5.1 | 2.5 | 2.5 | 6.0 | 5.6% |
| United Kingdom | 2.9 | 3.9 | 5.9 | 5.6 | 24.5% |
| Aruba | 2.8 | 1.9 | 2.3 | 5.4 | 24.5% |
| Germany | 2.2 | 3.2 | 3.4 | 4.8 | 29.7% |
| Australia | 1.9 | 4.0 | 5.2 | 4.4 | 32.3% |
| Argentina | 1.0 | 1.1 | 0.8 | 1.8 | 21.6% |
| Netherlands | 0.4 | 0.7 | 1.7 | 1.7 | 62.0% |
| Others | 36.3 | 31.5 | 27.8 | 44.4 | 6.9% |
| Total | 181 | 187 | 209 | 211 | 5.2% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from the United States in 2022:
- Canada (88.6K units)
- Switzerland (86.5K units)
- Hong Kong SAR (72.4K units)
- Mexico (26.0K units)
- United Arab Emirates (21.8K units)
- Singapore (18.2K units)
- Germany (11.7K units)
- Saint Maarten (Dutch part) (9.4K units)
- Aruba (8.7K units)
- Netherlands (8.3K units)
- Argentina (7.6K units)
- United Kingdom (6.9K units)
- Australia (6.7K units)
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