Price for Watch Movements; Complete and Assembled in Morocco - 2022
Contents:
- Price for Watch Movements; Complete and Assembled in Morocco (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in Morocco (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in Morocco
- Exports of Watch Movements; Complete and Assembled in Morocco
Price for Watch Movements; Complete and Assembled in Morocco (CIF) - 2022
The average import price for watch movements; complete and assembleds stood at $35 per unit in 2022, picking up by 317% against the previous year. Overall, the import price saw buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($43 per unit), while the price for China ($5.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Watch Movements; Complete and Assembled in Morocco (FOB) - 2022
The average export price for watch movements; complete and assembleds stood at $16 per unit in 2022, waning by -43.2% against the previous year. In general, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 an increase of 1,008%. The export price peaked at $146 per unit in 2016; however, from 2017 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 Switzerland ($31 per unit), while the average price for exports to the Netherlands amounted to $1.7 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+3.1%).
Imports of Watch Movements; Complete and Assembled in Morocco
In 2022, supplies from abroad of watch movements; complete and assembleds decreased by -87.3% to 1.2K units for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 77%. As a result, imports reached the peak of 9.7K units, and then shrank significantly in the following year.
In value terms, watch movements; complete and assembled imports reduced markedly to $44K in 2022. Overall, imports saw a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 69% against the previous year. As a result, imports reached the peak of $82K, and then reduced remarkably in the following year.
| Import of Watch Movements; Complete and Assembled in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 19.3 | 15.9 | 30.8 | 41.5 | 29.1% |
| China | 2.8 | 1.3 | 6.9 | 1.3 | -22.6% |
| Belgium | N/A | N/A | N/A | 0.3 | 0% |
| Spain | 0.2 | 1.9 | 4.1 | N/A | 352.8% |
| Germany | 1.4 | N/A | 1.6 | N/A | 6.9% |
| United States | 0.9 | 1.2 | 1.9 | N/A | 45.3% |
| Japan | 0.9 | 1.7 | 1.9 | N/A | 45.3% |
| United Arab Emirates | 6.6 | 4.6 | 2.9 | N/A | -33.7% |
| Others | 20.8 | 21.8 | 31.7 | 0.4 | -73.2% |
| Total | 52.9 | 48.5 | 81.9 | 43.5 | -6.3% |
Top Suppliers of Watch Movements; Complete and Assembled to Morocco in 2022:
- Switzerland (966.0 units)
- China (235.0 units)
- Belgium (34.0 units)
Exports of Watch Movements; Complete and Assembled in Morocco
For the fourth year in a row, Morocco recorded growth in shipments abroad of watch movements; complete and assembleds, which increased by 35% to 88 units in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 325% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, watch movements; complete and assembled exports reduced remarkably to $1.4K in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 609% against the previous year. The exports peaked at $1.8K in 2021, and then fell dramatically in the following year.
| Export of Watch Movements; Complete and Assembled in Morocco (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 73.0 | 972 | 1,806 | 1,311 | 161.9% |
| Netherlands | N/A | N/A | N/A | 39.0 | 0% |
| France | 32.0 | N/A | N/A | N/A | 0% |
| Others | 32.0 | N/A | N/A | 39.0 | 6.8% |
| Total | 137 | 972 | 1,806 | 1,389 | 116.4% |
Top Export Markets for Watch Movements; Complete and Assembled from Morocco in 2022:
- Switzerland (42.0 units)
- Netherlands (23.0 units)
387
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
387
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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