Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Thailand - 2024

Contents:

  1. Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Thailand (FOB) - 2022
  2. Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Thailand (CIF) - 2022
  3. Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Thailand
  4. Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Thailand

Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Thailand (FOB) - 2022

The average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $2,056 per unit in 2022, rising by 39% against the previous year. Over the period under review, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2014 an increase of 3,250%. Over the period under review, the average export prices hit record highs at $3,324 per unit in 2017; however, from 2018 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 India ($2,153 per unit), while the average price for exports to Singapore ($1,167 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 Malaysia (+286.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Thailand (CIF) - 2022

The average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $16 per unit in 2022, reducing by -19.5% against the previous year. Overall, the import price, however, posted a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 158% against the previous year. The import price peaked at $29 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Switzerland ($30 per unit), while the price for China ($1.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.1%), while the prices for the other major suppliers experienced a decline.

Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Thailand

In 2022, the amount of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds exported from Thailand skyrocketed to 32 units, growing by 167% against the previous year. Overall, exports, however, showed a deep reduction. Over the period under review, the exports of attained the peak figure at 61 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds soared to $66K in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SARN/AN/A3.660.11569.4%
SingaporeN/A10.511.23.5-42.3%
IndiaN/AN/AN/A2.20%
Malaysia27.1N/AN/AN/A0%
OthersN/AN/A3.0N/A0%
Total27.110.617.865.834.4%

Top Export Markets for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered from Thailand in 2022:

  1. Hong Kong SAR (28.0 units)
  2. Singapore (3.0 units)
  3. India (1.0 units)

Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Thailand

In 2022, the amount of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds imported into Thailand soared to 3.3K units, increasing by 36% against 2021. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 139% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds expanded significantly to $51K in 2022. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 170%. As a result, imports reached the peak of $68K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland12.349.329.345.654.8%
China0.10.80.63.0210.7%
Japan0.94.413.11.210.1%
United Kingdom8.8N/AN/A0.2-71.7%
FranceN/A0.1N/AN/A0%
IndiaN/AN/A0.3N/A0%
Others3.013.13.00.7-38.4%
Total25.167.746.350.726.4%

Top Suppliers of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered to Thailand in 2022:

  1. China (1654.0 units)
  2. Switzerland (1543.0 units)
  3. Japan (38.0 units)
  4. United Kingdom (2.0 units)

Source: IndexBox Market Intelligence Platform

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