Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the United States - 2023
Contents:
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the United States (CIF) - 2023
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the United States (FOB) - 2023
- Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the United States
- Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the United States
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the United States (CIF) - 2023
The average import price for clocks; wall clocks, battery, accumulator or mains powereds stood at $3.4 per unit in December 2023, with an increase of 21% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.5%. The pace of growth appeared the most rapid in March 2023 an increase of 34% month-to-month. As a result, import price attained the peak level of $3.7 per unit. From April 2023 to December 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2022 to December 2023, the rate of growth in terms of prices for China amounted to +1.1% per month.
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the United States (FOB) - 2023
The average export price for clocks; wall clocks, battery, accumulator or mains powereds stood at $57.8 per unit in December 2023, falling by -9.6% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 34% against the previous month. Over the period under review, the average export prices hit record highs at $69.4 per unit in May 2023; however, from June 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($278 per unit), while the average price for exports to El Salvador ($7.2 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the United States
In 2022, after three years of growth, there was significant decline in supplies from abroad of clocks; wall clocks, battery, accumulator or mains powereds, when their volume decreased by -15% to 25M units. In general, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 2.2% against the previous year. As a result, imports attained the peak of 30M units, and then fell in the following year.
In value terms, imports of clocks; wall clocks, battery, accumulator or mains powereds dropped to $84M in 2022. Overall, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year. Over the period under review, imports of hit record highs at $106M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 93.4 | 74.2 | 82.0 | 69.8 | -9.3% |
| Thailand | 7.4 | 4.9 | 7.7 | 8.7 | 5.5% |
| Others | 5.4 | 4.6 | 4.7 | 5.2 | -1.3% |
| Total | 106 | 83.6 | 94.4 | 83.6 | -7.6% |
Top Suppliers of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered to the United States in 2022:
- China (24.5M units)
- Thailand (0.4M units)
Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the United States
Exports of clocks; wall clocks, battery, accumulator or mains powereds from the United States soared to 184K units in 2022, with an increase of 24% against 2021 figures. The total export volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern 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.
In value terms, exports of clocks; wall clocks, battery, accumulator or mains powereds skyrocketed to $11M in 2022. The total export value increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern 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 Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 5.8 | 5.0 | 5.3 | 5.8 | 0.0% |
| Mexico | 0.3 | 0.1 | 0.8 | 1.8 | 81.7% |
| Saudi Arabia | 1.1 | 0.5 | 0.7 | 1.5 | 10.9% |
| Hong Kong SAR | 0.1 | N/A | 0.1 | 0.5 | 71.0% |
| Australia | 0.3 | 0.2 | 0.4 | 0.2 | -12.6% |
| Switzerland | N/A | 0.1 | N/A | 0.2 | 41.4% |
| United Kingdom | 0.2 | 0.1 | N/A | 0.1 | -20.6% |
| Others | 1.8 | 1.6 | 1.6 | 1.1 | -15.1% |
| Total | 9.6 | 7.6 | 9.0 | 11.2 | 5.3% |
Top Export Markets for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered from the United States in 2022:
- Canada (114.7K units)
- Mexico (29.3K units)
- Hong Kong SAR (9.2K units)
- Saudi Arabia (8.7K units)
- Australia (3.6K units)
- Switzerland (3.4K units)
- United Kingdom (1.7K units)
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