Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Italy - 2023
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Italy (CIF) - 2023
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Italy (FOB) - 2022
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Italy
- Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Italy
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Italy (CIF) - 2023
The average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $20.7 per unit in October 2023, declining by -56.8% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 an increase of 1,201% m-o-m. As a result, import price reached the peak level of $87.5 per unit. From August 2023 to October 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was China ($176 per unit), while the price for Poland ($4.2 per unit) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Italy (FOB) - 2022
The average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $140 per unit in 2022, with a decrease of -34% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The growth pace was the most rapid in 2013 an increase of 57%. Over the period under review, the average export prices hit record highs at $296 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($383 per unit), while the average price for exports to Singapore ($9.6 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 Kuwait (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Italy
In 2022, supplies from abroad of pocket watches and other watches, including stop-watches; battery or accumulator powereds decreased by -61.8% to 93K units, falling for the second year in a row after two years of growth. In general, imports saw a significant curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 36% against the previous year. As a result, imports reached the peak of 457K units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of pocket watches and other watches, including stop-watches; battery or accumulator powereds reduced rapidly to $1.7M in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 50% against the previous year. Imports peaked at $2.9M in 2021, and then fell rapidly in the following year.
| Import of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,196 | 1,879 | 2,040 | 878 | -9.8% |
| Hong Kong SAR | 50.6 | 256 | 36.2 | 229 | 65.4% |
| Germany | 44.4 | 174 | 86.3 | 115 | 37.3% |
| France | 15.5 | 34.4 | 70.8 | 77.0 | 70.6% |
| Spain | 185 | 85.7 | 188 | 66.9 | -28.8% |
| Others | 246 | 177 | 481 | 328 | 10.1% |
| Total | 1,738 | 2,606 | 2,902 | 1,694 | -0.9% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to Italy in 2022:
- China (53.3K units)
- Hong Kong SAR (12.4K units)
- Spain (11.0K units)
- France (9.5K units)
- Germany (4.1K units)
Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Italy
In 2022, exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds from Italy dropped sharply to 9.7K units, declining by -55.2% on the year before. Over the period under review, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. The exports peaked at 33K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds declined rapidly to $1.4M in 2022. In general, exports recorded a dramatic slump. The smallest decline of -9% was in 2021. Over the period under review, the exports of hit record highs at $6.9M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 160 | 136 | 592 | 304 | 23.9% |
| Germany | 391 | 330 | 231 | 219 | -17.6% |
| Netherlands | 55.3 | 25.2 | 51.9 | 185 | 49.6% |
| Greece | 16.7 | 37.7 | 67.4 | 74.6 | 64.7% |
| Kuwait | N/A | 17.3 | 102 | 59.4 | 85.3% |
| Hong Kong SAR | 5,025 | 3,419 | 2,442 | 33.1 | -81.3% |
| Poland | 11.0 | 10.9 | 40.9 | 32.3 | 43.2% |
| France | 198 | 92.3 | 74.5 | 29.2 | -47.2% |
| Croatia | 10.4 | 12.2 | 32.8 | 21.7 | 27.8% |
| Slovakia | 5.8 | 12.4 | 27.8 | 16.1 | 40.5% |
| China | 1.8 | 4.3 | 6.2 | 14.0 | 98.1% |
| Slovenia | 12.1 | 7.5 | 3.8 | 4.0 | -30.9% |
| Singapore | 1.6 | N/A | N/A | 2.6 | 17.6% |
| Others | 981 | 942 | 924 | 365 | -28.1% |
| Total | 6,870 | 5,048 | 4,596 | 1,360 | -41.7% |
Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from Italy in 2022:
- Netherlands (2202.0 units)
- Spain (2075.0 units)
- Germany (1061.0 units)
- Croatia (988.0 units)
- Slovakia (279.0 units)
- Singapore (271.0 units)
- Hong Kong SAR (270.0 units)
- Greece (232.0 units)
- France (223.0 units)
- Poland (216.0 units)
- China (187.0 units)
- Slovenia (171.0 units)
- Kuwait (155.0 units)
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