Price for Watches; Incomplete Movements, Assembled in Japan - 2023

Price for Watches; Incomplete Movements, Assembled in Japan (CIF) - 2023

The average watches; incomplete movements, assembled import price stood at $3,331 per unit in September 2023, growing by 1.5% against the previous month. In general, import price indicated perceptible growth from September 2022 to September 2023: its price increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, watches; incomplete movements, assembled import price decreased by -7.8% against June 2023 indices. The most prominent rate of growth was recorded in May 2023 an increase of 35% m-o-m. The import price peaked at $3,613 per unit in June 2023; afterwards, it flattened through to September 2023.

As there is only one major supplying country, the average price level is determined by prices for China.

From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to +2.7% per month.

Price for Watches; Incomplete Movements, Assembled in Japan (FOB) - 2022

In 2022, the average watches; incomplete movements, assembled export price amounted to $2,428 per unit, with an increase of 14% against the previous year. Overall, the export price showed a resilient increase. The pace of growth appeared the most rapid in 2017 an increase of 276%. The export price peaked at $3,533 per unit in 2020; however, from 2021 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 China ($4,119 per unit), while the average price for exports to Hong Kong SAR amounted to $2,359 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+38.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Watches; Incomplete Movements, Assembled in Japan

In 2022, watches; incomplete movements, assembled imports into Japan reduced to 23K units, waning by -6.1% against the previous year's figure. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of 25K units, and then declined in the following year.

In value terms, watches; incomplete movements, assembled imports soared to $57M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Watches; Incomplete Movements, Assembled in Japan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	55.8	39.3	40.6	56.5	0.4%
Others	N/A	N/A	N/A	N/A	0%
Total	55.8	39.4	40.6	56.5	0.4%

Top Suppliers of Watches; Incomplete Movements, Assembled to Japan in 2022:

China (23.5K units)

Exports of Watches; Incomplete Movements, Assembled in Japan

For the third consecutive year, Japan recorded decline in shipments abroad of watches; incomplete movements, assembleds, which decreased by -52.3% to 461 units in 2022. In general, exports faced a precipitous slump. The smallest decline of -10.3% was in 2020. Over the period under review, the exports attained the peak figure at 1.5K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, watches; incomplete movements, assembled exports reduced notably to $1.1M in 2022. Overall, exports continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year. As a result, the exports attained the peak of $4.9M. From 2021 to 2022, the growth of the exports failed to regain momentum.