Price for Clock or Watch Parts; Dials in Nepal - 2022

Price for Clock or Watch Parts; Dials in Nepal (CIF) - 2022

In 2022, the average import price for clock or watch parts; dialses amounted to $8.7 per unit, growing by 78% against the previous year. In general, the import price, however, continues to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 163%. The import price peaked at $108 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 Switzerland ($101 per unit), while the price for China stood at $6.3 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+14.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Clock or Watch Parts; Dials in Nepal

Clock or watch parts; dials imports into Nepal contracted to 22K units in 2022, which is down by -7.5% against the previous year. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 26,135% against the previous year. As a result, imports reached the peak of 24K units, and then shrank in the following year.

In value terms, clock or watch parts; dials imports skyrocketed to $193K in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 181%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.