Price for Watch Cases and Parts Thereof in Serbia - 2023
Contents:
- Price for Watch Cases and Parts Thereof in Serbia (CIF) - 2022
- Price for Watch Cases and Parts Thereof in Serbia (FOB) - 2022
- Imports of Watch Cases and Parts Thereof in Serbia
- Exports of Watch Cases and Parts Thereof in Serbia
Price for Watch Cases and Parts Thereof in Serbia (CIF) - 2022
The average import price for watch cases and parts thereoves stood at $39 per unit in 2022, falling by -75.6% against the previous year. Overall, the import price showed a deep reduction. The pace of growth was the most pronounced in 2020 an increase of 37%. The import price peaked at $258 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($541 per unit), while the price for France ($20 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+43.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Watch Cases and Parts Thereof in Serbia (FOB) - 2022
In 2022, the average export price for watch cases and parts thereoves amounted to $1.3 per unit, reducing by -4.6% against the previous year. Overall, the export price, however, recorded a significant expansion. Over the period under review, the average export prices reached the maximum at $2.2 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($1.3 per unit), while the average price for exports to Hungary totaled $1 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-6.6%).
Imports of Watch Cases and Parts Thereof in Serbia
In 2022, approx. 506 units of watch cases and parts thereoves were imported into Serbia; picking up by 2,711% against the previous year. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, watch cases and parts thereof imports surged to $20K in 2022. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Watch Cases and Parts Thereof in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 9.3 | 0% |
| Hungary | N/A | N/A | N/A | 8.6 | 0% |
| China | N/A | 0.1 | 0.1 | 0.6 | 144.9% |
| Italy | 1.4 | 7.9 | 2.5 | N/A | 33.6% |
| Others | 3.2 | 0.5 | 0.3 | 1.2 | -27.9% |
| Total | 4.6 | 8.5 | 2.9 | 19.8 | 62.7% |
Top Suppliers of Watch Cases and Parts Thereof to Serbia in 2022:
- France (468.0 units)
- China (17.0 units)
- Hungary (16.0 units)
Exports of Watch Cases and Parts Thereof in Serbia
In 2022, the amount of watch cases and parts thereoves exported from Serbia reduced remarkably to 26 units, shrinking by -49% against the previous year. Over the period under review, exports showed a sharp shrinkage. The exports peaked at 51 units in 2021, and then contracted sharply in the following year.
In value terms, watch cases and parts thereof exports contracted rapidly to $35 in 2022. Overall, exports showed a sharp descent. The exports peaked at $72 in 2021, and then declined notably in the following year.
| Export of Watch Cases and Parts Thereof in Serbia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Switzerland | 69.0 | 29.0 | -58.0% | ||
| Hungary | N/A | 1.0 | 0% | ||
| United Kingdom | 1.0 | N/A | 0% | ||
| Others | 2.0 | 5.0 | 150.0% | ||
| Total | 72.0 | 35.0 | -51.4% | ||
Top Export Markets for Watch Cases and Parts Thereof from Serbia in 2022:
- Switzerland (23.0 units)
- Hungary (1.0 units)
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