Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Uruguay - 2023

Contents:

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

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

In 2022, the average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $1.8 per unit, picking up by 35% against the previous year. In general, the import price recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 70%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +11.9% per year.

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

In 2022, overseas purchases of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds decreased by -3.6% to 21K units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 29%. As a result, imports attained the peak of 21K units, and then fell slightly in the following year.

In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds surged to $37K in 2022. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 93%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Uruguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China10.610.022.735.549.6%
Switzerland2.22.43.3N/A22.5%
Others3.32.12.21.2-28.6%
Total16.114.628.236.731.6%

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

  1. China (20.5K units)

Source: IndexBox Market Intelligence Platform

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