Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Switzerland - 2024
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Switzerland (FOB) - 2024
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Switzerland (CIF) - 2022
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Switzerland
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Switzerland
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Switzerland (FOB) - 2024
The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $2,692 per unit in January 2024, picking up by 5.7% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 16% month-to-month. As a result, the export price attained the peak level of $2,708 per unit; afterwards, it flattened through to January 2024.
There were significant differences in the average prices for the major foreign markets. In January 2024, the country with the highest price was Singapore ($5,360 per unit), while the average price for exports to China ($1,542 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Switzerland (CIF) - 2022
In 2022, the average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $2,665 per unit, jumping by 27% against the previous year. Over the period under review, the import price continues to indicate significant growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 54% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
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 the United States ($5,234 per unit), while the price for China ($456 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Switzerland
In 2022, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings from Switzerland contracted to 5.5M units, with a decrease of -6.2% against the previous year. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 14%. Over the period under review, the exports of attained the maximum at 6.8M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings expanded remarkably to $12.7B in 2022. The total export value increased at an average annual rate of +6.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 31%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,161 | 1,101 | 1,663 | 2,058 | 21.0% |
| China | 1,174 | 1,584 | 1,879 | 1,552 | 9.8% |
| Hong Kong SAR | 1,229 | 861 | 1,078 | 875 | -10.7% |
| United Kingdom | 612 | 545 | 729 | 857 | 11.9% |
| Japan | 733 | 617 | 712 | 834 | 4.4% |
| Singapore | 563 | 430 | 623 | 762 | 10.6% |
| Germany | 570 | 487 | 593 | 698 | 7.0% |
| Italy | 469 | 368 | 475 | 524 | 3.8% |
| United Arab Emirates | 430 | 359 | 513 | 492 | 4.6% |
| France | 352 | 267 | 381 | 471 | 10.2% |
| South Korea | 541 | 322 | 433 | 401 | -9.5% |
| Spain | 195 | 141 | 187 | 216 | 3.5% |
| Netherlands | 120 | 117 | 151 | 170 | 12.3% |
| Others | 2,299 | 1,998 | 2,623 | 2,801 | 6.8% |
| Total | 10,449 | 9,197 | 12,038 | 12,709 | 6.7% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Switzerland in 2022:
- China (1108.8K units)
- United States (791.4K units)
- Germany (344.8K units)
- United Kingdom (324.3K units)
- Hong Kong SAR (309.1K units)
- Japan (245.7K units)
- Italy (239.3K units)
- France (205.3K units)
- South Korea (179.8K units)
- Singapore (169.4K units)
- United Arab Emirates (160.4K units)
- Netherlands (94.4K units)
- Spain (93.8K units)
Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Switzerland
Imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings into Switzerland reduced dramatically to 146K units in 2022, with a decrease of -27.1% on the year before. Over the period under review, imports saw a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 44%. As a result, imports reached the peak of 200K units, and then reduced dramatically in the following year.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings fell to $389M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. As a result, imports reached the peak of $421M, and then declined in the following year.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 34.0 | 33.2 | 36.6 | 45.3 | 10.0% |
| Hong Kong SAR | 32.5 | 23.0 | 29.9 | 44.9 | 11.4% |
| Italy | 17.5 | 14.3 | 25.5 | 44.8 | 36.8% |
| Japan | 16.6 | 17.6 | 38.8 | 36.7 | 30.3% |
| France | 22.7 | 26.4 | 49.5 | 34.7 | 15.2% |
| United Kingdom | 30.6 | 30.2 | 46.8 | 28.1 | -2.8% |
| Germany | 31.3 | 29.5 | 28.4 | 25.9 | -6.1% |
| Ireland | N/A | 2.5 | 19.0 | 18.0 | 168.3% |
| China | 8.2 | 4.9 | 30.6 | 13.8 | 18.9% |
| United Arab Emirates | 13.9 | 24.6 | 29.9 | 11.5 | -6.1% |
| Netherlands | 16.0 | 16.2 | 16.1 | 10.9 | -12.0% |
| Taiwan (Chinese) | 7.6 | 2.3 | 4.6 | 4.9 | -13.6% |
| Thailand | 5.6 | 0.6 | 2.1 | 2.3 | -25.7% |
| Others | 46.2 | 46.5 | 63.0 | 67.5 | 13.5% |
| Total | 283 | 272 | 421 | 389 | 11.2% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Switzerland in 2022:
- China (30.3K units)
- Hong Kong SAR (22.8K units)
- Germany (13.5K units)
- United States (8.7K units)
- Italy (8.6K units)
- France (8.3K units)
- Japan (7.4K units)
- Ireland (7.0K units)
- United Kingdom (5.9K units)
- Netherlands (3.3K units)
- United Arab Emirates (3.0K units)
- Thailand (2.8K units)
- Taiwan (Chinese) (2.7K units)
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