Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Turkey - 2024
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Turkey (CIF) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Turkey (FOB) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Turkey
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Turkey
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Turkey (CIF) - 2022
The average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $2,050 per unit in 2022, surging by 13% against the previous year. Overall, the import price saw a significant increase. The pace of growth appeared the most rapid in 2016 an increase of 87% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain 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 ($3,776 per unit), while the price for China ($90 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Turkey (FOB) - 2022
The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $316 per unit in 2022, picking up by 7.9% against the previous year. Over the period under review, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 205%. Over the period under review, the average export prices reached the maximum at $1,366 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($893 per unit), while the average price for exports to Azerbaijan ($24 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 the Netherlands (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Turkey
In 2022, the amount of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings imported into Turkey soared to 57K units, growing by 16% compared with 2021. Overall, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Over the period under review, imports of hit record highs at 73K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings skyrocketed to $117M in 2022. In general, imports recorded significant growth. The growth pace was the most rapid in 2021 when imports increased by 41%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 63.5 | 62.1 | 87.1 | 114 | 21.5% |
| China | 0.6 | 0.4 | 0.9 | 1.7 | 41.5% |
| Japan | 0.5 | 0.5 | 0.5 | 1.0 | 26.0% |
| United States | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Others | 1.6 | 0.1 | 0.3 | 0.2 | -50.0% |
| Total | 66.1 | 63.1 | 88.9 | 117 | 21.0% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Turkey in 2022:
- Switzerland (30.1K units)
- China (18.7K units)
- Japan (5.8K units)
- United States (1.8K units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Turkey
In 2022, after three years of growth, there was significant decline in overseas shipments of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings, when their volume decreased by -15.8% to 29K units. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 143% against the previous year. As a result, the exports reached the peak of 34K units, and then dropped rapidly in the following year.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings contracted to $9.1M in 2022. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 65%. As a result, the exports attained the peak of $10M, and then fell in the following year.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,103 | 874 | 1,920 | 2,698 | 34.7% |
| Hong Kong SAR | 442 | 1,752 | 2,806 | 853 | 24.5% |
| Switzerland | 1,797 | 944 | 910 | 715 | -26.4% |
| Italy | 62.1 | N/A | 344 | 687 | 122.8% |
| France | 144 | 7.6 | 361 | 535 | 54.9% |
| Germany | 133 | 154 | 278 | 514 | 56.9% |
| United Arab Emirates | 10.0 | 11.9 | 3.6 | 301 | 211.1% |
| Netherlands | 23.7 | 191 | 277 | 299 | 132.8% |
| Azerbaijan | 133 | N/A | 27.6 | 89.2 | -12.5% |
| Austria | N/A | N/A | 41.9 | 68.9 | 64.4% |
| Russia | N/A | N/A | 2.3 | 28.9 | 1156.5% |
| Nigeria | N/A | N/A | 1.4 | 22.4 | 1500.0% |
| Saudi Arabia | 7.7 | 99.9 | 9.9 | 12.5 | 17.5% |
| Others | 780 | 2,026 | 3,012 | 2,257 | 42.5% |
| Total | 4,636 | 6,060 | 9,995 | 9,080 | 25.1% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Turkey in 2022:
- United States (5.6K units)
- Azerbaijan (3.7K units)
- France (2.6K units)
- Germany (2.0K units)
- Italy (1.8K units)
- Austria (1.8K units)
- Hong Kong SAR (1.1K units)
- Russia (0.9K units)
- Switzerland (0.8K units)
- Netherlands (0.7K units)
- Nigeria (0.6K units)
- Saudi Arabia (0.5K units)
- United Arab Emirates (0.4K units)
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