Price for Watch Cases and Parts Thereof in Singapore - 2022
Contents:
- Price for Watch Cases and Parts Thereof in Singapore (CIF) - 2022
- Price for Watch Cases and Parts Thereof in Singapore (FOB) - 2022
- Imports of Watch Cases and Parts Thereof in Singapore
- Exports of Watch Cases and Parts Thereof in Singapore
Price for Watch Cases and Parts Thereof in Singapore (CIF) - 2022
In 2022, the average import price for watch cases and parts thereoves amounted to $106 per unit, reducing by -19.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 55%. Over the period under review, average import prices reached the peak figure at $131 per unit in 2021, and then contracted notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($1,089 per unit), while the price for Malaysia ($82 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+17.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Watch Cases and Parts Thereof in Singapore (FOB) - 2022
The average export price for watch cases and parts thereoves stood at $155 per unit in 2022, with an increase of 27% against the previous year. Overall, the export price showed a buoyant expansion. The pace of growth appeared the most rapid in 2015 an increase of 84% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($1,709 per unit), while the average price for exports to Thailand ($152 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 Malaysia (+42.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Watch Cases and Parts Thereof in Singapore
In 2022, approx. 150K units of watch cases and parts thereoves were imported into Singapore; dropping by -2.6% compared with the year before. In general, imports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2021 when imports increased by 5.6%. Over the period under review, imports reached the maximum at 620K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, watch cases and parts thereof imports shrank dramatically to $16M in 2022. Overall, imports showed a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year. Imports peaked at $39M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Watch Cases and Parts Thereof in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 33.5 | 12.0 | 12.7 | 11.2 | -30.6% |
| Switzerland | 2.1 | 0.9 | 6.5 | 3.8 | 21.9% |
| China | 2.1 | 0.7 | 0.6 | 0.7 | -30.7% |
| Others | 0.8 | 0.4 | 0.5 | 0.3 | -27.9% |
| Total | 38.5 | 14.0 | 20.3 | 16.0 | -25.4% |
Top Suppliers of Watch Cases and Parts Thereof to Singapore in 2022:
- Malaysia (136.4K units)
- China (6.9K units)
- Switzerland (3.5K units)
Exports of Watch Cases and Parts Thereof in Singapore
In 2022, shipments abroad of watch cases and parts thereoves was finally on the rise to reach 184K units after two years of decline. Over the period under review, exports, however, recorded a abrupt decline. Over the period under review, the exports attained the peak figure at 323K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, watch cases and parts thereof exports surged to $29M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Watch Cases and Parts Thereof in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 13.7 | 15.6 | 16.6 | 25.0 | 22.2% |
| Hong Kong SAR | 1.4 | 0.5 | 0.9 | 1.4 | 0.0% |
| Switzerland | 0.8 | 0.2 | 0.4 | 0.7 | -4.4% |
| Others | 0.7 | 0.5 | 1.3 | 1.5 | 28.9% |
| Total | 16.6 | 16.8 | 19.1 | 28.6 | 19.9% |
Top Export Markets for Watch Cases and Parts Thereof from Singapore in 2022:
- Japan (164.9K units)
- Hong Kong SAR (8.9K units)
- Switzerland (4.4K units)
364
This report provides an in-depth analysis of the market for watch and clock cases in Singapore.
407
This report provides an in-depth analysis of the market for porcelain tableware and kitchenware in Singapore.
587
Global Watch And Clock Cases Market Report 2018. This report provides an in-depth analysis of the global market for watch and clock cases.
737
This report provides an in-depth analysis of the global market for porcelain tableware and kitchenware.
364
This report provides an in-depth analysis of the market for watch and clock cases in Singapore.
587
Global Watch And Clock Cases Market Report 2018. This report provides an in-depth analysis of the global market for watch and clock cases.
Nothing found. Please try again.
