Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Spain - 2023

Contents:

1. Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Spain (CIF) - 2022
2. Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Spain (FOB) - 2022
3. Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Spain
4. Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Spain

Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Spain (CIF) - 2022

In 2022, the average import price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $11 per unit, declining by -77.4% against the previous year. Over the period under review, the import price recorded a dramatic contraction. The most prominent rate of growth was recorded in 2021 an increase of 160%. Over the period under review, average import prices hit record highs at $420 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($120 per unit), while the price for Japan ($2.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (-13.2%), while the prices for the other major suppliers experienced a decline.

Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Spain (FOB) - 2022

The average export price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $49 per unit in 2022, with a decrease of -24.9% against the previous year. In general, the export price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 219% against the previous year. The export price peaked at $207 per unit in 2013; however, from 2014 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 the United States ($63 per unit), while the average price for exports to Israel ($12 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 Japan (+35.5%), while the prices for the other major destinations experienced a decline.

Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Spain

In 2022, after two years of decline, there was significant growth in overseas purchases of watches; complete movements, unassembled or partly assembled (movement sets), when their volume increased by 406% to 54K units. Over the period under review, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) rose rapidly to $572K in 2022. Overall, imports, however, continue to indicate a deep setback. Over the period under review, imports of reached the peak figure at $726K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) to Spain in 2022:

1. Japan (49.7K units)
2. Switzerland (2.3K units)
3. China (1.0K units)
4. Thailand (0.5K units)

Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Spain

In 2022, the amount of watches; complete movements, unassembled or partly assembled (movement sets) exported from Spain fell sharply to 1.7K units, reducing by -48% compared with 2021 figures. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 834%. As a result, the exports reached the peak of 3.2K units, and then fell sharply in the following year.

In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) fell notably to $83K in 2022. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 682% against the previous year. As a result, the exports reached the peak of $213K, and then fell notably in the following year.

Top Export Markets for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) from Spain in 2022:

1. United States (1086.0 units)
2. Italy (152.0 units)
3. Mexico (82.0 units)
4. Australia (49.0 units)
5. Chile (32.0 units)
6. Canada (25.0 units)
7. Israel (7.0 units)

Source: IndexBox Market Intelligence Platform