Price for Clock or Watch Parts; Dials in Lithuania - 2024

Contents:

1. Price for Clock or Watch Parts; Dials in Lithuania (CIF) - 2022
2. Price for Clock or Watch Parts; Dials in Lithuania (FOB) - 2022
3. Imports of Clock or Watch Parts; Dials in Lithuania
4. Exports of Clock or Watch Parts; Dials in Lithuania

Price for Clock or Watch Parts; Dials in Lithuania (CIF) - 2022

In 2022, the average import price for clock or watch parts; dialses amounted to $129 per unit, falling by -6.9% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clock or watch parts; dials import price decreased by -32.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 116% against the previous year. As a result, import price reached the peak level of $193 per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($157 per unit), while the price for China totaled $116 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.8%).

Price for Clock or Watch Parts; Dials in Lithuania (FOB) - 2022

The average export price for clock or watch parts; dialses stood at $466 per unit in 2022, growing by 298% against the previous year. Overall, the export price posted a significant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 366%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($242 per unit), while the average price for exports to Russia ($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 Kazakhstan (+103.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clock or Watch Parts; Dials in Lithuania

In 2022, the amount of clock or watch parts; dialses imported into Lithuania skyrocketed to 3.8K units, surging by 16% against the previous year's figure. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, clock or watch parts; dials imports rose significantly to $485K in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.0% 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 decreased by -11.3% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 85%. As a result, imports attained the peak of $547K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Clock or Watch Parts; Dials to Lithuania in 2022:

1. China (2.4K units)
2. Hong Kong SAR (1.3K units)

Exports of Clock or Watch Parts; Dials in Lithuania

In 2022, exports of clock or watch parts; dialses from Lithuania reduced dramatically to 310 units, which is down by -27.2% against 2021. Overall, exports showed a dramatic decline. The growth pace was the most rapid in 2021 when exports increased by 6.2% against the previous year. The exports peaked at 657 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, clock or watch parts; dials exports soared to $66K in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 265% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Clock or Watch Parts; Dials from Lithuania in 2022:

1. Hong Kong SAR (268.0 units)
2. Russia (23.0 units)
3. Slovakia (6.0 units)
4. Greece (1.0 units)

Source: IndexBox Market Intelligence Platform