Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Australia - 2024
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Australia (CIF) - 2022
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Australia (FOB) - 2022
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Australia
- Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Australia
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Australia (CIF) - 2022
In 2022, the average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $16 per unit, rising by 8.4% against the previous year. Overall, the import price saw a buoyant increase. The pace of growth appeared the most rapid in 2016 an increase of 71% against the previous year. The import price peaked at $17 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($232 per unit), while the price for China ($7.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Australia (FOB) - 2022
The average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $123 per unit in 2022, with an increase of 5.6% against the previous year. Over the period under review, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 57%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($239 per unit), while the average price for exports to France ($25 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 the United Arab Emirates (+45.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Australia
For the third year in a row, Australia recorded decline in overseas purchases of pocket watches and other watches, including stop-watches; battery or accumulator powereds, which decreased by -24.9% to 53K units in 2022. Overall, imports faced a deep contraction. The smallest decline of -7.5% was in 2021. Over the period under review, imports of reached the peak figure at 94K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of pocket watches and other watches, including stop-watches; battery or accumulator powereds contracted markedly to $835K in 2022. In general, imports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2021 when imports increased by 56%. As a result, imports reached the peak of $1M, and then reduced remarkably in the following year.
| Import of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 558 | 466 | 441 | 339 | -15.3% |
| Switzerland | 6.7 | 44.5 | 126 | 218 | 219.2% |
| Hong Kong SAR | 33.8 | 31.5 | 29.9 | 28.5 | -5.5% |
| United States | 106 | 12.7 | 47.5 | 27.5 | -36.2% |
| Taiwan (Chinese) | 11.9 | 29.0 | 11.2 | 3.5 | -33.5% |
| Others | 177 | 73.4 | 372 | 218 | 7.2% |
| Total | 893 | 657 | 1,027 | 835 | -2.2% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to Australia in 2022:
- China (47.8K units)
- Hong Kong SAR (2.4K units)
- Switzerland (0.9K units)
- United States (0.6K units)
- Taiwan (Chinese) (0.3K units)
Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Australia
In 2022, the amount of pocket watches and other watches, including stop-watches; battery or accumulator powereds exported from Australia fell significantly to 3.9K units, which is down by -83.7% on the previous year. In general, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 67%. The exports peaked at 25K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds contracted significantly to $478K in 2022. Over the period under review, exports faced a sharp decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 137% against the previous year. As a result, the exports attained the peak of $2.8M, and then dropped notably in the following year.
| Export of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.4 | 0.9 | N/A | 255 | 760.7% |
| New Zealand | 250 | 243 | 541 | 122 | -21.3% |
| Macao SAR | N/A | N/A | 266 | 29.7 | -88.8% |
| Hong Kong SAR | 217 | 245 | 1,000 | 18.4 | -56.1% |
| United States | 29.6 | 63.2 | 228 | 16.1 | -18.4% |
| Timor-Leste | N/A | N/A | N/A | 15.4 | 0% |
| France | 15.9 | 2.3 | 87.9 | 4.6 | -33.9% |
| Japan | 38.8 | 8.1 | 57.9 | 1.6 | -65.5% |
| Singapore | 165 | 10.8 | 157 | 0.1 | -91.5% |
| China | 109 | 54.7 | N/A | N/A | -49.8% |
| Others | 841 | 541 | 433 | 14.0 | -74.5% |
| Total | 1,667 | 1,169 | 2,770 | 478 | -34.1% |
Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from Australia in 2022:
- New Zealand (1869.0 units)
- United Arab Emirates (1069.0 units)
- Timor-Leste (238.0 units)
- France (185.0 units)
- Macao SAR (183.0 units)
- Hong Kong SAR (181.0 units)
- United States (71.0 units)
- Japan (12.0 units)
- Singapore (4.0 units)
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