Price for Watch Movements; Complete and Assembled in Costa Rica - 2022
Contents:
- Price for Watch Movements; Complete and Assembled in Costa Rica (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in Costa Rica (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in Costa Rica
- Exports of Watch Movements; Complete and Assembled in Costa Rica
Price for Watch Movements; Complete and Assembled in Costa Rica (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembleds amounted to $32 per unit, which is down by -14.3% against the previous year. Over the period under review, the import price, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 an increase of 47%. Over the period under review, average import prices attained the maximum at $37 per unit in 2021, and then dropped in the following year.
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 Panama ($348 per unit), while the price for the United States ($18 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+44.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled in Costa Rica (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembleds amounted to $5 per unit, shrinking by -60.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2014 an increase of 79%. The export price peaked at $103 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Nicaragua.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +8.4% per year.
Imports of Watch Movements; Complete and Assembled in Costa Rica
In 2022, imports of watch movements; complete and assembleds into Costa Rica rose sharply to 669 units, surging by 5% against 2021 figures. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 17% against the previous year. As a result, imports reached the peak of 974 units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, watch movements; complete and assembled imports dropped to $21K in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 56% against the previous year. As a result, imports attained the peak of $33K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Watch Movements; Complete and Assembled in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.3 | 14.7 | 10.7 | 8.5 | 37.1% |
| United States | 6.7 | 1.7 | 5.2 | 6.2 | -2.6% |
| Switzerland | 2.9 | 10.3 | 3.8 | 2.8 | -1.2% |
| Hong Kong SAR | 0.7 | 0.9 | 0.2 | 1.7 | 34.4% |
| Panama | 3.2 | 2.6 | 1.6 | 0.7 | -39.7% |
| Philippines | 2.4 | N/A | N/A | N/A | 0% |
| Others | 1.8 | 2.8 | 2.0 | 1.3 | -10.3% |
| Total | 21.2 | 33.0 | 23.5 | 21.1 | -0.2% |
Top Suppliers of Watch Movements; Complete and Assembled to Costa Rica in 2022:
- United States (346.0 units)
- China (267.0 units)
- Switzerland (23.0 units)
- Hong Kong SAR (23.0 units)
- Panama (2.0 units)
Exports of Watch Movements; Complete and Assembled in Costa Rica
For the third year in a row, Costa Rica recorded decline in shipments abroad of watch movements; complete and assembleds, which decreased by -80% to 1 units in 2022. Overall, exports showed a dramatic contraction. The smallest decline of -52% was in 2020. Over the period under review, the exports hit record highs at 50 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, watch movements; complete and assembled exports fell remarkably to $5 in 2022. Over the period under review, exports faced a sharp decrease. The smallest decline of -35.4% was in 2020. The exports peaked at $1.5K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Watch Movements; Complete and Assembled in Costa Rica (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 5.0 | 3.0 | 1.0 | 5.0 | 0.0% |
| Chile | 589 | N/A | N/A | N/A | 0% |
| Guatemala | 260 | 307 | 17.0 | N/A | -74.4% |
| United States | 376 | 475 | 31.0 | N/A | -71.3% |
| Panama | 238 | 164 | 14.0 | N/A | -75.7% |
| Others | N/A | N/A | 1.0 | N/A | 0% |
| Total | 1,468 | 949 | 64.0 | 5.0 | -85.0% |
Top Export Markets for Watch Movements; Complete and Assembled from Costa Rica in 2022:
- Nicaragua (1.0 units)
394
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
394
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
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