Price for Watch Cases and Parts Thereof in Egypt - 2022

Price for Watch Cases and Parts Thereof in Egypt (CIF) - 2022

The average import price for watch cases and parts thereoves stood at $156 per unit in 2022, rising by 102% against the previous year. Overall, the import price posted significant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 399% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($171 per unit), while the price for Vietnam ($11 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+47.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Watch Cases and Parts Thereof in Egypt (FOB) - 2022

In 2022, the average export price for watch cases and parts thereoves amounted to $0.4 per unit, dropping by -93.7% against the previous year. In general, the export price showed a precipitous curtailment. The growth pace was the most rapid in 2017 when the average export price increased by 239%. Over the period under review, the average export prices attained the peak figure at $29 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($5.3 per unit), while the average price for exports to Sweden totaled $0.4 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+89.9%).

Imports of Watch Cases and Parts Thereof in Egypt

Watch cases and parts thereof imports into Egypt plummeted to 36 units in 2022, dropping by -96.1% against the previous year. Over the period under review, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 5.4% against the previous year. Imports peaked at 16K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, watch cases and parts thereof imports shrank remarkably to $5.6K in 2022. In general, imports recorded a precipitous slump. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure at $217K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Watch Cases and Parts Thereof in Egypt (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	140	20.0	7.5	3.1	-71.9%
Switzerland	4.8	N/A	4.6	2.5	-19.5%
Hong Kong SAR	59.2	28.6	41.2	N/A	-16.6%
Germany	9.1	2.5	1.1	N/A	-65.2%
Vietnam	N/A	N/A	N/A	N/A	0%
Others	4.1	8.1	16.4	N/A	100.0%
Total	217	59.2	70.8	5.6	-70.4%

Top Suppliers of Watch Cases and Parts Thereof to Egypt in 2022:

China (20.0 units)
Switzerland (15.0 units)
Vietnam (1.0 units)

Exports of Watch Cases and Parts Thereof in Egypt

In 2022, exports of watch cases and parts thereoves from Egypt soared to 698 units, picking up by 4,263% on the previous year's figure. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, watch cases and parts thereof exports surged to $304 in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,122% against the previous year. As a result, the exports attained the peak of $501. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.