Price for Clock Movements; Complete and Assembled in Serbia - 2024

Contents:

  1. Price for Clock Movements; Complete and Assembled in Serbia (CIF) - 2022
  2. Price for Clock Movements; Complete and Assembled in Serbia (FOB) - 2022
  3. Imports of Clock Movements; Complete and Assembled in Serbia
  4. Exports of Clock Movements; Complete and Assembled in Serbia

Price for Clock Movements; Complete and Assembled in Serbia (CIF) - 2022

In 2022, the average import price for clock movements; complete and assembleds amounted to $15 per unit, surging by 77% against the previous year. Overall, the import price recorded a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Switzerland ($58 per unit), while the price for China ($11 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clock Movements; Complete and Assembled in Serbia (FOB) - 2022

The average export price for clock movements; complete and assembleds stood at $20 per unit in 2022, which is down by -58.3% against the previous year. Over the period under review, the export price saw a deep slump. The pace of growth was the most pronounced in 2021 an increase of 224%. Over the period under review, the average export prices attained the maximum at $95 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($111 per unit), while the average price for exports to Switzerland ($1.2 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 Montenegro (+20.6%), while the prices for the other major destinations experienced a decline.

Imports of Clock Movements; Complete and Assembled in Serbia

In 2022, supplies from abroad of clock movements; complete and assembleds decreased by -90.3% to 825 units for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2021 when imports increased by 210%. As a result, imports attained the peak of 8.5K units, and then reduced markedly in the following year.

In value terms, clock movements; complete and assembled imports declined markedly to $12K in 2022. Over the period under review, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 146%. As a result, imports reached the peak of $71K, and then shrank sharply in the following year.

Import of Clock Movements; Complete and Assembled in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil0.94.62.65.380.6%
Japan2.34.04.83.616.1%
SwitzerlandN/A0.81.41.327.5%
France0.13.51.81.2128.9%
China1.81.539.60.8-23.7%
Germany2.71.15.5N/A42.7%
Slovenia0.80.90.7N/A-6.5%
Turkey0.42.3N/AN/A475.0%
Others7.110.014.40.1-75.9%
Total16.028.770.712.2-8.6%

Top Suppliers of Clock Movements; Complete and Assembled to Serbia in 2022:

  1. Brazil (380.0 units)
  2. Japan (281.0 units)
  3. China (68.0 units)
  4. France (64.0 units)
  5. Switzerland (22.0 units)

Exports of Clock Movements; Complete and Assembled in Serbia

In 2022, approx. 165 units of clock movements; complete and assembleds were exported from Serbia; increasing by 54% against 2021 figures. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 376% against the previous year. As a result, the exports attained the peak of 176 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, clock movements; complete and assembled exports declined markedly to $3.3K in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 124%. Over the period under review, the exports attained the maximum at $5.1K in 2021, and then dropped remarkably in the following year.

Export of Clock Movements; Complete and Assembled in Serbia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany15.03101,6262,543453.5%
Montenegro2.03.065.0339453.4%
Croatia15.046.0129334181.3%
Switzerland1,0621,8862,75685.0-56.9%
FranceN/A240N/AN/A0%
Others66.0119553N/A189.5%
Total1,1602,6045,1293,30141.7%

Top Export Markets for Clock Movements; Complete and Assembled from Serbia in 2022:

  1. Germany (88.0 units)
  2. Switzerland (70.0 units)
  3. Montenegro (4.0 units)
  4. Croatia (3.0 units)

Source: IndexBox Market Intelligence Platform

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