Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Guatemala - 2023

Contents:

  1. Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Guatemala (CIF) - 2022
  2. Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Guatemala

Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Guatemala (CIF) - 2022

In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $349 per unit, picking up by 38% against the previous year. In general, the import price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by 811% against the previous year. As a result, import price reached the peak level of $844 per unit. From 2016 to 2022, the average import prices failed to regain momentum.

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 China ($491 per unit), while the price for Switzerland ($38 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+68.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Guatemala

In 2022, imports of watch movements; complete and assembled, not automatic winding or electrically operateds into Guatemala surged to 25 units, picking up by 56% on the previous year's figure. Overall, imports, however, saw a precipitous decline. The pace of growth was the most pronounced in 2021 with an increase of 78% against the previous year. Imports peaked at 51 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds soared to $8.7K in 2022. Over the period under review, imports, however, showed a deep slump. Over the period under review, imports of hit record highs at $16K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Panama0.5N/AN/A4.6109.5%
United States0.80.41.43.360.4%
ChinaN/A0.60.20.5-8.7%
PortugalN/AN/AN/A0.30%
SwitzerlandN/AN/AN/AN/A0%
Germany12.7N/AN/AN/A0%
Costa Rica1.61.8N/AN/A12.5%
El Salvador0.10.12.0N/A347.2%
Others0.40.50.4N/A0.0%
Total16.23.54.08.7-18.7%

Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to Guatemala in 2022:

  1. Panama (13.0 units)
  2. United States (9.0 units)
  3. Switzerland (1.0 units)
  4. China (1.0 units)
  5. Portugal (1.0 units)

Source: IndexBox Market Intelligence Platform

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