Price for Watch Movements; Complete and Assembled in Lithuania - 2023
Contents:
- Price for Watch Movements; Complete and Assembled in Lithuania (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in Lithuania (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in Lithuania
- Exports of Watch Movements; Complete and Assembled in Lithuania
Price for Watch Movements; Complete and Assembled in Lithuania (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembleds amounted to $79 per unit, picking up by 100% against the previous year. Overall, the import price recorded a significant increase. The growth pace was the most rapid in 2014 when the average import price increased by 336%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($318 per unit), while the price for Japan ($7.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+50.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled in Lithuania (FOB) - 2022
The average export price for watch movements; complete and assembleds stood at $117 per unit in 2022, which is down by -2.9% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2014 an increase of 52%. The export price peaked at $121 per unit in 2021, and then contracted in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($278 per unit), while the average price for exports to Russia ($19 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 Denmark (+70.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Watch Movements; Complete and Assembled in Lithuania
In 2022, after two years of decline, there was growth in overseas purchases of watch movements; complete and assembleds, when their volume increased by 2.7% to 34K units. Over the period under review, imports, however, recorded a abrupt setback. Imports peaked at 59K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, watch movements; complete and assembled imports skyrocketed to $2.7M in 2022. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Watch Movements; Complete and Assembled in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 375 | 271 | 695 | 1,465 | 57.5% |
| Poland | 92.2 | 117 | 202 | 495 | 75.1% |
| Estonia | 36.1 | 26.6 | 21.9 | 384 | 119.9% |
| Germany | 84.9 | 90.6 | 133 | 119 | 11.9% |
| Malaysia | 73.4 | 177 | 88.5 | 116 | 16.5% |
| Japan | 12.9 | 32.3 | 67.7 | 68.4 | 74.4% |
| China | 58.9 | 61.2 | 86.5 | 41.9 | -10.7% |
| Hong Kong SAR | 8.8 | 21.3 | 30.1 | 30.9 | 52.0% |
| Switzerland | 19.0 | 6.0 | 5.3 | 7.4 | -27.0% |
| Others | 0.7 | 2.3 | 1.9 | 2.9 | 60.6% |
| Total | 762 | 805 | 1,332 | 2,729 | 53.0% |
Top Suppliers of Watch Movements; Complete and Assembled to Lithuania in 2022:
- Japan (9.0K units)
- Malaysia (6.5K units)
- Latvia (4.6K units)
- Estonia (3.8K units)
- Poland (3.7K units)
- China (3.3K units)
- Hong Kong SAR (2.4K units)
- Germany (1.1K units)
- Switzerland (0.1K units)
Exports of Watch Movements; Complete and Assembled in Lithuania
In 2022, watch movements; complete and assembled exports from Lithuania expanded markedly to 4.4K units, picking up by 5.9% on 2021. In general, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 125%. Over the period under review, the exports hit record highs at 5.1K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, watch movements; complete and assembled exports rose slightly to $512K in 2022. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 176%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Watch Movements; Complete and Assembled in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 38.8 | 90.9 | 203 | 171 | 64.0% |
| Netherlands | N/A | N/A | 68.2 | 119 | 74.5% |
| Germany | 57.2 | 18.3 | 56.4 | 67.5 | 5.7% |
| Switzerland | N/A | N/A | N/A | 59.9 | 0% |
| Poland | 1.4 | 0.7 | 10.1 | 38.6 | 202.1% |
| Latvia | 37.2 | 26.9 | 9.4 | 9.4 | -36.8% |
| Romania | N/A | 9.9 | N/A | 9.3 | -3.1% |
| Bulgaria | 0.4 | 0.1 | 1.5 | 8.2 | 173.7% |
| Russia | 3.8 | 4.0 | 6.0 | 3.3 | -4.6% |
| Czech Republic | 119 | 8.5 | 0.1 | 1.2 | -78.4% |
| Sweden | 12.7 | N/A | N/A | N/A | 0% |
| Others | 63.9 | 20.6 | 143 | 24.7 | -27.2% |
| Total | 335 | 180 | 498 | 512 | 15.2% |
Top Export Markets for Watch Movements; Complete and Assembled from Lithuania in 2022:
- Netherlands (1082.0 units)
- Poland (1001.0 units)
- Denmark (696.0 units)
- Germany (281.0 units)
- Bulgaria (232.0 units)
- Switzerland (215.0 units)
- Russia (174.0 units)
- Romania (74.0 units)
- Latvia (68.0 units)
- Czech Republic (33.0 units)
398
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
398
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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