Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Kuwait - 2022

Contents:

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

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

The average import price for watch movements; complete and assembled, not automatic winding or electrically operateds stood at $378 per unit in 2022, growing by 57% against the previous year. Over the period under review, the import price continues to indicate strong growth. The pace of growth appeared the most rapid in 2021 an increase of 126%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($398 per unit), while the price for China stood at $84 per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+94.5%), 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 Kuwait

In 2022, the amount of watch movements; complete and assembled, not automatic winding or electrically operateds imported into Kuwait surged to 257 units, growing by 302% compared with the year before. Overall, imports, however, recorded a pronounced setback. Over the period under review, imports of reached the maximum at 287 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 $97K in 2022. Over the period under review, imports posted 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, Not Automatic Winding or Electrically Operated in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland0.10.10.395.8885.8%
China0.50.10.11.440.9%
United Kingdom19.63.112.4N/A-20.5%
Italy4.90.91.4N/A-46.5%
United States4.30.60.5N/A-65.9%
Others4.30.10.7N/A-59.7%
Total33.64.915.597.242.5%

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

  1. Switzerland (241.0 units)
  2. China (16.0 units)

Source: IndexBox Market Intelligence Platform

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