Price for Clock or Watch Parts; Plates and Bridges in Hong Kong SAR - 2022

Contents:

1. Price for Clock or Watch Parts; Plates and Bridges in Hong Kong SAR (FOB) - 2022
2. Price for Clock or Watch Parts; Plates and Bridges in Hong Kong SAR (CIF) - 2022
3. Exports of Clock or Watch Parts; Plates and Bridges in Hong Kong SAR
4. Imports of Clock or Watch Parts; Plates and Bridges in Hong Kong SAR

Price for Clock or Watch Parts; Plates and Bridges in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for clock or watch parts; plates and bridgeses amounted to $407,970 per ton, falling by -4.6% against the previous year. Overall, the export price showed a slight curtailment. The pace of growth was the most pronounced in 2021 an increase of 24% against the previous year. The export price peaked at $501,529 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Philippines ($415,459 per ton) and Malaysia ($413,893 per ton), while the average price for exports to Thailand ($405,544 per ton) and South Korea ($407,613 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Clock or Watch Parts; Plates and Bridges in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for clock or watch parts; plates and bridgeses amounted to $237,596 per ton, rising by 20% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 21%. As a result, import price reached the peak level of $278,397 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($237,947 per ton), while the price for Germany ($228,333 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Clock or Watch Parts; Plates and Bridges in Hong Kong SAR

In 2022, shipments abroad of clock or watch parts; plates and bridgeses decreased by -20.8% to 1.7 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 31%. As a result, the exports reached the peak of 2.2 tons, and then shrank sharply in the following year.

In value terms, exports of clock or watch parts; plates and bridgeses declined sharply to $696K in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. As a result, the exports attained the peak of $922K, and then reduced dramatically in the following year.

Top Export Markets for Clock or Watch Parts; Plates and Bridges from Hong Kong SAR in 2022:

1. Philippines (665.0 kg)
2. China (265.0 kg)
3. Malaysia (214.0 kg)
4. Japan (151.0 kg)
5. Switzerland (94.0 kg)
6. South Korea (62.0 kg)
7. Thailand (57.0 kg)
8. Singapore (44.0 kg)
9. United Kingdom (24.0 kg)

Imports of Clock or Watch Parts; Plates and Bridges in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in purchases abroad of clock or watch parts; plates and bridgeses, which decreased by -49% to 852 kg in 2022. Over the period under review, imports saw a precipitous decrease. The smallest decline of -4.9% was in 2021.

In value terms, imports of clock or watch parts; plates and bridgeses dropped significantly to $202K in 2022. Overall, imports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 0.4%.

Top Suppliers of Clock or Watch Parts; Plates and Bridges to Hong Kong SAR in 2022:

1. Switzerland (826.0 kg)
2. China (13.0 kg)

Source: IndexBox Market Intelligence Platform