Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Angola - 2022

Contents:

  1. Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Angola (CIF) - 2022
  2. Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Angola (FOB) - 2022
  3. Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Angola
  4. Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Angola

Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Angola (CIF) - 2022

In 2022, the average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $267 per unit, rising by 560% against the previous year. Overall, the import price saw a significant expansion. As a result, import price reached the peak level and is likely to continue 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 China ($519 per unit), while the price for Portugal ($15 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+47.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Angola (FOB) - 2022

In 2022, the average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds amounted to $3.5 per unit, dropping by -36.4% against the previous year. Overall, the export price continues to indicate a deep setback. Over the period under review, the average export prices attained the maximum at $8.5 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($6 per unit), while the average price for exports to South Africa totaled $1 per unit.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Angola

In 2022, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds into Angola declined remarkably to 111 units, waning by -44.2% against 2021 figures. Over the period under review, imports showed a significant decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 119%. Over the period under review, imports of attained the peak figure at 265 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds surged to $30K in 2022. Overall, imports, however, recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Angola (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China0.10.21.028.5558.1%
Portugal0.90.20.20.7-8.0%
TurkeyN/AN/AN/A0.20%
United StatesN/AN/A0.10.2100.0%
Namibia0.40.10.4N/A0.0%
Japan0.20.10.2N/A0.0%
Denmark4.41.84.9N/A5.5%
South Africa0.20.10.3N/A22.5%
Italy0.70.30.9N/A13.4%
BrazilN/AN/AN/AN/A0%
Others0.1N/A0.1N/A0.0%
Total7.12.98.129.660.9%

Top Suppliers of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered to Angola in 2022:

  1. China (55.0 units)
  2. Portugal (44.0 units)
  3. United States (6.0 units)
  4. Turkey (6.0 units)

Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Angola

In 2022, the amount of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds exported from Angola amounted to 2 units, leveling off at 2021 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds declined rapidly to $7 in 2022. In general, exports showed a precipitous contraction. Over the period under review, the exports of hit record highs at $11 in 2021, and then fell remarkably in the following year.

Export of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Angola (USD)
COUNTRY20212022CAGR,
2021-2022
PortugalN/A6.00%
South AfricaN/A1.00%
United States11.0N/A0%
OthersN/AN/A0%
Total11.07.0-36.4%

Top Export Markets for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered from Angola in 2022:

  1. Portugal (1.0 units)
  2. South Africa (1.0 units)

Source: IndexBox Market Intelligence Platform

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