Price for Watch Movements; Complete and Assembled in Egypt - 2023

Contents:

1. Price for Watch Movements; Complete and Assembled in Egypt (CIF) - 2022
2. Price for Watch Movements; Complete and Assembled in Egypt (FOB) - 2022
3. Imports of Watch Movements; Complete and Assembled in Egypt
4. Exports of Watch Movements; Complete and Assembled in Egypt

Price for Watch Movements; Complete and Assembled in Egypt (CIF) - 2022

The average import price for watch movements; complete and assembleds stood at $85 per unit in 2022, surging by 145% against the previous year. Overall, the import price recorded a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($86 per unit), while the price for Japan amounted to $44 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Watch Movements; Complete and Assembled in Egypt (FOB) - 2022

In 2022, the average export price for watch movements; complete and assembleds amounted to $52 per unit, shrinking by -11.7% against the previous year. Overall, the export price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2020 an increase of 159%. Over the period under review, the average export prices reached the maximum at $59 per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($67 per unit), while the average price for exports to Ireland ($32 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 Switzerland (+11.2%), while the prices for the other major destinations experienced a decline.

Imports of Watch Movements; Complete and Assembled in Egypt

In 2022, the amount of watch movements; complete and assembleds imported into Egypt declined sharply to 85 units, waning by -80.1% on the year before. Overall, imports showed a precipitous contraction. The smallest decline of -59.2% was in 2021. Over the period under review, imports hit record highs at 5.5K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, watch movements; complete and assembled imports reduced rapidly to $7.2K in 2022. Over the period under review, imports faced a dramatic decrease. The smallest decline of -22.6% was in 2021. Imports peaked at $85K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Watch Movements; Complete and Assembled to Egypt in 2022:

1. Switzerland (84.0 units)

Exports of Watch Movements; Complete and Assembled in Egypt

In 2022, overseas shipments of watch movements; complete and assembleds increased by 75% to 14 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a precipitous contraction. Over the period under review, the exports hit record highs at 32 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, watch movements; complete and assembled exports soared to $728 in 2022. In general, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 when exports increased by 78%. As a result, the exports attained the peak of $983. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Watch Movements; Complete and Assembled from Egypt in 2022:

1. Switzerland (7.0 units)
2. Sweden (3.0 units)
3. Netherlands (2.0 units)
4. Germany (1.0 units)
5. Ireland (1.0 units)

Source: IndexBox Market Intelligence Platform