Price for Clock Movements; Complete and Assembled in Japan - 2023
Contents:
- Price for Clock Movements; Complete and Assembled in Japan (CIF) - 2022
- Price for Clock Movements; Complete and Assembled in Japan (FOB) - 2022
- Imports of Clock Movements; Complete and Assembled in Japan
- Exports of Clock Movements; Complete and Assembled in Japan
Price for Clock Movements; Complete and Assembled in Japan (CIF) - 2022
The average import price for clock movements; complete and assembleds stood at $2.8 per unit in 2022, declining by -28% against the previous year. In general, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2020 when the average import price increased by 65%. Over the period under review, average import prices hit record highs at $5.1 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($4.7 per unit), while the price for Taiwan (Chinese) ($1.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced a decline.
Price for Clock Movements; Complete and Assembled in Japan (FOB) - 2022
In 2022, the average export price for clock movements; complete and assembleds amounted to $21 per unit, with an increase of 41% against the previous year. In general, the export price showed resilient growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 74% against the previous year. Over the period under review, the average export prices reached the maximum at $33 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($72 per unit), while the average price for exports to Hong Kong SAR amounted to $67 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+45.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clock Movements; Complete and Assembled in Japan
In 2022, approx. 580K units of clock movements; complete and assembleds were imported into Japan; jumping by 51% against 2021 figures. Overall, imports enjoyed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, clock movements; complete and assembled imports expanded sharply to $1.6M in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Clock Movements; Complete and Assembled in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 183 | 154 | 167 | 1,028 | 77.8% |
| Thailand | 139 | 102 | 80.7 | 566 | 59.7% |
| Taiwan (Chinese) | 5.3 | 0.2 | 1.6 | 18.3 | 51.1% |
| Malaysia | 1,089 | 1,028 | 1,112 | N/A | 1.1% |
| Others | 70.8 | 94.8 | 136 | 19.3 | -35.2% |
| Total | 1,487 | 1,380 | 1,497 | 1,631 | 3.1% |
Top Suppliers of Clock Movements; Complete and Assembled to Japan in 2022:
- China (438.1K units)
- Thailand (121.3K units)
- Taiwan (Chinese) (12.8K units)
Exports of Clock Movements; Complete and Assembled in Japan
Clock movements; complete and assembled exports from Japan contracted significantly to 14K units in 2022, reducing by -28.4% against the year before. Overall, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 278%. As a result, the exports attained the peak of 19K units, and then declined sharply in the following year.
In value terms, clock movements; complete and assembled exports amounted to $293K in 2022. Over the period under review, exports, however, enjoyed a mild expansion. The growth pace was the most rapid in 2021 with an increase of 107%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Clock Movements; Complete and Assembled in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 36.6 | 14.9 | 56.2 | 262 | 92.7% |
| Vietnam | 14.9 | 1.0 | 0.4 | 12.9 | -4.7% |
| Argentina | 6.7 | 4.1 | 6.5 | N/A | -1.5% |
| China | 1.9 | 23.9 | 65.9 | N/A | 488.9% |
| Italy | 59.5 | 23.6 | 51.3 | N/A | -7.1% |
| Others | 164 | 72.6 | 110 | 18.3 | -51.9% |
| Total | 283 | 140 | 290 | 293 | 1.2% |
Top Export Markets for Clock Movements; Complete and Assembled from Japan in 2022:
- Hong Kong SAR (3.9K units)
- Vietnam (0.2K units)
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