Price for Clock Movements; Complete and Assembled, Electrically Operated in South Korea - 2022
Contents:
- Price for Clock Movements; Complete and Assembled, Electrically Operated in South Korea (CIF) - 2022
- Price for Clock Movements; Complete and Assembled, Electrically Operated in South Korea (FOB) - 2022
- Imports of Clock Movements; Complete and Assembled, Electrically Operated in South Korea
- Exports of Clock Movements; Complete and Assembled, Electrically Operated in South Korea
Price for Clock Movements; Complete and Assembled, Electrically Operated in South Korea (CIF) - 2022
In 2022, the average import price for clock movements; complete and assembled, electrically operateds amounted to $2.8 per unit, with an increase of 9.2% against the previous year. Overall, the import price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2017 an increase of 12% against the previous year. As a result, import price attained the peak level of $4.3 per unit. From 2018 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2.8 per unit), while the price for Germany totaled $2.8 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.1%), while the prices for the other major suppliers experienced a decline.
Price for Clock Movements; Complete and Assembled, Electrically Operated in South Korea (FOB) - 2022
In 2022, the average export price for clock movements; complete and assembled, electrically operateds amounted to $8.2 per unit, reducing by -39.9% against the previous year. In general, the export price showed a pronounced contraction. The growth pace was the most rapid in 2016 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices attained the maximum at $18 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($17 per unit), while the average price for exports to China ($6.3 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 Thailand (+57.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clock Movements; Complete and Assembled, Electrically Operated in South Korea
In 2022, after three years of growth, there was significant decline in overseas purchases of clock movements; complete and assembled, electrically operateds, when their volume decreased by -27.9% to 421K units. Over the period under review, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of 583K units, and then fell significantly in the following year.
In value terms, imports of clock movements; complete and assembled, electrically operateds shrank dramatically to $1.2M in 2022. In general, imports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 17%. As a result, imports attained the peak of $1.5M, and then shrank dramatically in the following year.
| Import of Clock Movements; Complete and Assembled, Electrically Operated in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,392 | 1,252 | 1,433 | 1,163 | -5.8% |
| Hong Kong SAR | 30.1 | 2.0 | 44.2 | N/A | 21.2% |
| Others | 64.5 | 24.7 | 20.8 | 16.7 | -36.3% |
| Total | 1,486 | 1,279 | 1,498 | 1,180 | -7.4% |
Top Suppliers of Clock Movements; Complete and Assembled, Electrically Operated to South Korea in 2022:
- China (415.0K units)
Exports of Clock Movements; Complete and Assembled, Electrically Operated in South Korea
In 2022, shipments abroad of clock movements; complete and assembled, electrically operateds increased by 217% to 90K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of clock movements; complete and assembled, electrically operateds surged to $736K in 2022. In general, total exports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +4.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Clock Movements; Complete and Assembled, Electrically Operated in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 16.8 | 48.8 | 160 | 497 | 209.3% |
| Netherlands | 522 | 402 | 182 | 177 | -30.3% |
| China | 29.4 | 18.2 | 31.9 | 59.7 | 26.6% |
| United States | 61.6 | 66.3 | 6.3 | 0.5 | -79.9% |
| Others | 11.4 | 7.1 | 5.8 | 1.2 | -52.8% |
| Total | 641 | 542 | 387 | 736 | 4.7% |
Top Export Markets for Clock Movements; Complete and Assembled, Electrically Operated from South Korea in 2022:
- Germany (69.6K units)
- Netherlands (10.7K units)
- China (9.5K units)
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