Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Norway - 2024
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Norway (CIF) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Norway (FOB) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Norway
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Norway
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Norway (CIF) - 2022
In 2022, the average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $989 per unit, increasing by 34% against the previous year. Over the period under review, the import price posted a prominent increase. The pace of growth was the most pronounced in 2018 an increase of 74% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($1,708 per unit), while the price for Hong Kong SAR ($61 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Norway (FOB) - 2022
In 2022, the average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $873 per unit, picking up by 47% against the previous year. Overall, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 93% against the previous year. The export price peaked in 2022 and is likely to continue 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 the United States ($6,948 per unit), while the average price for exports to Sweden ($524 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 the United States (+33.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Norway
In 2022, supplies from abroad of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings decreased by -31.8% to 30K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +2.9% 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 increased by +9.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 59%. As a result, imports reached the peak of 44K units, and then reduced remarkably in the following year.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings fell to $30M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 74%. As a result, imports attained the peak of $33M, and then dropped in the following year.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 17.0 | 16.3 | 27.9 | 26.1 | 15.4% |
| Japan | 0.2 | 0.5 | 1.2 | 0.9 | 65.1% |
| Sweden | 0.4 | 0.4 | 0.4 | 0.6 | 14.5% |
| Germany | 0.5 | 0.4 | 0.6 | 0.6 | 6.3% |
| China | 0.5 | 0.1 | 0.4 | 0.5 | 0.0% |
| United States | 0.1 | 0.2 | 0.5 | 0.3 | 44.2% |
| Hong Kong SAR | 0.1 | 0.6 | 0.8 | 0.1 | 0.0% |
| Others | 0.4 | 0.3 | 0.7 | 0.8 | 26.0% |
| Total | 19.2 | 18.7 | 32.5 | 29.7 | 15.7% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Norway in 2022:
- Switzerland (15.3K units)
- Sweden (4.0K units)
- China (4.0K units)
- Japan (3.5K units)
- Hong Kong SAR (1.0K units)
- United States (0.5K units)
- Germany (0.5K units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Norway
In 2022, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings from Norway fell sharply to 433 units, with a decrease of -69.4% against the previous year's figure. Over the period under review, exports faced a sharp descent. The growth pace was the most rapid in 2021 when exports increased by 99% against the previous year. The exports peaked at 2.1K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings declined significantly to $378K in 2022. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 135%. As a result, the exports attained the peak of $838K, and then contracted sharply in the following year.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 302 | 110 | 180 | 184 | -15.2% |
| United States | 2.8 | 146 | 97.7 | 69.5 | 191.7% |
| Netherlands | 74.7 | 1.6 | 35.7 | 37.8 | -20.3% |
| Switzerland | 74.0 | N/A | 56.2 | 37.0 | -20.6% |
| Denmark | 70.6 | 45.2 | 314 | 24.3 | -29.9% |
| Ireland | 1.0 | N/A | N/A | 10.4 | 118.3% |
| Others | 43.9 | 54.1 | 155 | 15.5 | -29.3% |
| Total | 569 | 357 | 838 | 378 | -12.7% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Norway in 2022:
- Sweden (351.0 units)
- Denmark (42.0 units)
- United States (10.0 units)
- Switzerland (9.0 units)
- Netherlands (7.0 units)
- Ireland (1.0 units)
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