Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Singapore - 2023
Contents:
- Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Singapore (CIF) - 2022
- Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Singapore (FOB) - 2022
- Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Singapore
- Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Singapore
Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Singapore (CIF) - 2022
In 2022, the average import price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $28 per unit, surging by 92% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 99%. Over the period under review, average import prices reached the maximum at $29 per unit in 2012; however, from 2013 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 Malaysia ($28 per unit), while the price for China totaled $7.1 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.6%).
Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Singapore (FOB) - 2022
The average export price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $25 per unit in 2022, reducing by -38.3% against the previous year. Over the period under review, the export price showed a noticeable decline. The pace of growth was the most pronounced in 2020 an increase of 37% against the previous year. Over the period under review, the average export prices attained the peak figure at $48 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($37 per unit), while the average price for exports to Malaysia ($6.2 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 Japan (+0.5%), while the prices for the other major destinations experienced a decline.
Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Singapore
After three years of growth, supplies from abroad of watches; complete movements, unassembled or partly assembled (movement sets) decreased by -19.2% to 1.8M units in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 65% against the previous year. Over the period under review, imports of hit record highs at 2.2M units in 2021, and then shrank dramatically in the following year.
In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) surged to $51M in 2022. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 83% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 11.7 | 22.5 | 32.3 | 51.0 | 63.4% |
| Others | 1.0 | 0.6 | 0.7 | 0.2 | -41.5% |
| Total | 12.7 | 23.2 | 33.0 | 51.3 | 59.3% |
Top Suppliers of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) to Singapore in 2022:
- Malaysia (1809.3K units)
Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Singapore
For the fourth consecutive year, Singapore recorded growth in overseas shipments of watches; complete movements, unassembled or partly assembled (movement sets), which increased by 153% to 2M units in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) surged to $48M in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 65% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 8.1 | 7.7 | 21.5 | 33.0 | 59.7% |
| Japan | 4.0 | 12.1 | 9.1 | 14.1 | 52.2% |
| Malaysia | N/A | N/A | N/A | 0.9 | 0% |
| Others | 0.1 | 0.4 | 0.4 | 0.2 | 26.0% |
| Total | 12.3 | 20.3 | 31.0 | 48.3 | 57.8% |
Top Export Markets for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) from Singapore in 2022:
- Hong Kong SAR (1425.8K units)
- Japan (383.2K units)
- Malaysia (140.1K units)
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This report provides an in-depth analysis of the rough watch movements market in Singapore.
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This report provides an in-depth analysis of the global rough watch movements market.
315
This report provides an in-depth analysis of the rough watch movements market in Singapore.
537
This report provides an in-depth analysis of the global rough watch movements market.
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