Price for Watch Cases and Parts Thereof in South Africa - 2023
Contents:
- Price for Watch Cases and Parts Thereof in South Africa (CIF) - 2022
- Price for Watch Cases and Parts Thereof in South Africa (FOB) - 2022
- Imports of Watch Cases and Parts Thereof in South Africa
- Exports of Watch Cases and Parts Thereof in South Africa
Price for Watch Cases and Parts Thereof in South Africa (CIF) - 2022
In 2022, the average import price for watch cases and parts thereoves amounted to $1.5 per unit, rising by 17% against the previous year. Over the period under review, the import price, however, showed a pronounced reduction. The growth pace was the most rapid in 2021 when the average import price increased by 258% against the previous year. Over the period under review, average import prices reached the peak figure at $2.4 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($7.7 per unit), while the price for Germany ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Watch Cases and Parts Thereof in South Africa (FOB) - 2022
In 2022, the average export price for watch cases and parts thereoves amounted to $0.1 per unit, which is down by -97% against the previous year. Overall, the export price saw a sharp shrinkage. The growth pace was the most rapid in 2016 an increase of 652% against the previous year. Over the period under review, the average export prices attained the maximum at $9.7 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($0.3 per unit), while the average price for exports to Australia (less than $0.1 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 Mauritius (+49.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Watch Cases and Parts Thereof in South Africa
In 2022, the amount of watch cases and parts thereoves imported into South Africa skyrocketed to 126K units, jumping by 33% on 2021. Overall, imports, however, continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2020 when imports increased by 84%. As a result, imports reached the peak of 252K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, watch cases and parts thereof imports skyrocketed to $187K in 2022. Over the period under review, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Watch Cases and Parts Thereof in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 73.7 | 42.4 | 85.3 | 97.6 | 9.8% |
| China | 27.1 | 39.4 | 18.0 | 48.5 | 21.4% |
| Hong Kong SAR | 5.6 | 0.3 | 3.1 | 5.2 | -2.4% |
| France | 0.7 | 0.2 | 5.1 | 4.7 | 88.7% |
| Germany | 0.2 | 0.4 | 0.1 | 3.1 | 149.3% |
| United States | 17.2 | 1.9 | 1.7 | 2.3 | -48.9% |
| Others | 26.3 | 4.8 | 6.9 | 26.0 | -0.4% |
| Total | 151 | 89.5 | 120 | 187 | 7.4% |
Top Suppliers of Watch Cases and Parts Thereof to South Africa in 2022:
- China (93.1K units)
- Switzerland (12.7K units)
- Germany (7.8K units)
- Hong Kong SAR (3.9K units)
- France (3.1K units)
- United States (1.6K units)
Exports of Watch Cases and Parts Thereof in South Africa
In 2022, approx. 42K units of watch cases and parts thereoves were exported from South Africa; rising by 574% against the previous year. In general, exports saw a significant increase. 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 declined markedly to $2.4K in 2022. Over the period under review, exports, however, showed a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 73% against the previous year. As a result, the exports attained the peak of $12K, and then shrank significantly in the following year.
| Export of Watch Cases and Parts Thereof in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saint Helena, Ascension and Tristan da Cunha | N/A | N/A | N/A | 0.6 | 0% |
| Nigeria | N/A | N/A | N/A | 0.4 | 0% |
| Netherlands | N/A | N/A | 5.6 | 0.3 | -94.6% |
| France | N/A | N/A | 2.4 | 0.1 | -95.8% |
| Others | 11.5 | 6.9 | 4.0 | 1.0 | -55.7% |
| Total | 11.5 | 6.9 | 11.9 | 2.4 | -40.7% |
Top Export Markets for Watch Cases and Parts Thereof from South Africa in 2022:
- Saint Helena, Ascension and Tristan da Cunha (37.5K units)
- Netherlands (1.9K units)
- Nigeria (1.3K units)
- France (0.1K units)
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