Price for Watch Movements; Complete and Assembled in Australia - 2023
Contents:
- Price for Watch Movements; Complete and Assembled in Australia (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in Australia (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in Australia
- Exports of Watch Movements; Complete and Assembled in Australia
Price for Watch Movements; Complete and Assembled in Australia (CIF) - 2022
The average import price for watch movements; complete and assembleds stood at $52 per unit in 2022, which is down by -18.8% against the previous year. In general, the import price, however, recorded a strong expansion. The pace of growth was the most pronounced in 2018 an increase of 56%. The import price peaked at $64 per unit in 2021, and then fell markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($89 per unit), while the price for the United States ($4.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled in Australia (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembleds amounted to $200 per unit, jumping by 35% against the previous year. In general, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 925% against the previous year. As a result, the export price reached the peak level of $258 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($2,898 per unit), while the average price for exports to New Zealand ($108 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 France (+126.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Watch Movements; Complete and Assembled in Australia
Watch movements; complete and assembled imports into Australia skyrocketed to 60K units in 2022, growing by 36% on the previous year. In general, imports, however, saw a pronounced decline. Imports peaked at 66K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, watch movements; complete and assembled imports stood at $3.1M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Watch Movements; Complete and Assembled in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,810 | 1,299 | 2,260 | 2,514 | 11.6% |
| China | 221 | 129 | 127 | 264 | 6.1% |
| Hong Kong SAR | 23.4 | 49.9 | 47.3 | 231 | 114.5% |
| Japan | 147 | 63.8 | 55.7 | 26.0 | -43.9% |
| United States | 41.5 | 16.8 | 16.0 | 16.8 | -26.0% |
| Thailand | 15.3 | 5.8 | 13.4 | 16.7 | 3.0% |
| Others | 24.3 | 97.1 | 299 | 52.7 | 29.4% |
| Total | 2,284 | 1,662 | 2,818 | 3,121 | 11.0% |
Top Suppliers of Watch Movements; Complete and Assembled to Australia in 2022:
- Switzerland (28.3K units)
- China (18.7K units)
- Hong Kong SAR (6.5K units)
- United States (3.4K units)
- Thailand (3.0K units)
- Japan (0.3K units)
Exports of Watch Movements; Complete and Assembled in Australia
In 2022, the amount of watch movements; complete and assembleds exported from Australia plummeted to 7.3K units, with a decrease of -35.1% against the year before. In general, exports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 646%. Over the period under review, the exports reached the maximum at 18K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, watch movements; complete and assembled exports dropped to $1.5M in 2022. Over the period under review, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 545%. Over the period under review, the exports hit record highs at $2M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Watch Movements; Complete and Assembled in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 38.0 | 75.1 | 1,199 | 630 | 155.0% |
| United States | 104 | 39.4 | 171 | 313 | 44.4% |
| Japan | 3.1 | N/A | N/A | 75.0 | 189.2% |
| New Zealand | 1,845 | 116 | 161 | 43.9 | -71.2% |
| Others | 34.9 | 28.2 | 140 | 401 | 125.7% |
| Total | 2,025 | 259 | 1,672 | 1,463 | -10.3% |
Top Export Markets for Watch Movements; Complete and Assembled from Australia in 2022:
- Hong Kong SAR (4.7K units)
- United States (1.9K units)
- New Zealand (0.4K units)
- Japan (0.1K units)
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This report provides an in-depth analysis of the assembled watch movements market in Australia.
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This report provides an in-depth analysis of the assembled watch movements market in Australia.
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Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
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