Price for Clock Movements; Complete and Assembled in Brazil - 2023

Contents:

  1. Price for Clock Movements; Complete and Assembled in Brazil (CIF) - 2022
  2. Price for Clock Movements; Complete and Assembled in Brazil (FOB) - 2022
  3. Imports of Clock Movements; Complete and Assembled in Brazil
  4. Exports of Clock Movements; Complete and Assembled in Brazil

Price for Clock Movements; Complete and Assembled in Brazil (CIF) - 2022

The average import price for clock movements; complete and assembleds stood at $0.2 per unit in 2022, rising by 20% against the previous year. In general, the import price, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. The import price peaked at $0.3 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 China ($0.2 per unit), while the price for Hong Kong SAR ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-3.0%), while the prices for the other major suppliers experienced a decline.

Price for Clock Movements; Complete and Assembled in Brazil (FOB) - 2022

In 2022, the average export price for clock movements; complete and assembleds amounted to $2.9 per unit, reducing by -88.4% against the previous year. Over the period under review, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 68% against the previous year. Over the period under review, the average export prices hit record highs at $29 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +4.9% per year.

Imports of Clock Movements; Complete and Assembled in Brazil

In 2022, supplies from abroad of clock movements; complete and assembleds decreased by -8.2% to 3.3M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.1% 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 +48.5% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 50%. As a result, imports attained the peak of 3.6M units, and then declined in the following year.

In value terms, clock movements; complete and assembled imports rose markedly to $600K in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 51% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Clock Movements; Complete and Assembled in Brazil (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China13430631247652.6%
Hong Kong SAR12.220.210570.879.7%
Mexico5.548.458.938.891.8%
Thailand15083.521.2N/A-62.4%
Germany3.14.55.0N/A27.0%
Others13.216.041.715.24.8%
Total31847854360023.6%

Top Suppliers of Clock Movements; Complete and Assembled to Brazil in 2022:

  1. China (2033.3K units)
  2. Hong Kong SAR (1259.1K units)
  3. Mexico (6.7K units)
  4. Germany (0.3K units)

Exports of Clock Movements; Complete and Assembled in Brazil

Clock movements; complete and assembled exports from Brazil shrank rapidly to 111 units in 2022, which is down by -99.6% against the previous year's figure. In general, exports recorded a sharp curtailment. The growth pace was the most rapid in 2021 with an increase of 69%. As a result, the exports attained the peak of 26K units, and then contracted notably in the following year.

In value terms, clock movements; complete and assembled exports fell dramatically to $319 in 2022. Overall, exports continue to indicate a dramatic slump. The pace of growth was the most pronounced in 2021 when exports increased by 66%. As a result, the exports attained the peak of $654K, and then plummeted in the following year.

Export of Clock Movements; Complete and Assembled in Brazil (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France0.70.20.30.3-24.6%
Germany209170311N/A22.0%
Poland13.024.035.2N/A64.6%
Czech Republic14.97.620.1N/A16.1%
Turkey2.52.21.5N/A-22.5%
Others226189285N/A12.3%
Total4663936540.3-91.4%

Top Export Markets for Clock Movements; Complete and Assembled from Brazil in 2022:

  1. France (110.0 units)

Source: IndexBox Market Intelligence Platform

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