Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Norway - 2024
Contents:
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Norway (CIF) - 2022
- Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Norway (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Norway
- Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Norway
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Norway (CIF) - 2022
In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $78 per unit, growing by 179% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $103 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($387 per unit), while the price for China ($5.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Norway (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $667 per unit, surging by 150% against the previous year. In general, the export price saw prominent growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 192% against the previous year. As a result, the export price attained the peak level of $1,119 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($682 per unit), while the average price for exports to France stood at $621 per unit.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+13.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Norway
For the fourth year in a row, Norway recorded growth in purchases abroad of watch movements; complete and assembled, not automatic winding or electrically operateds, which increased by 36% to 4.1K units in 2022. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 126%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds surged to $325K in 2022. In general, 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, Not Automatic Winding or Electrically Operated in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 8.6 | 37.2 | 25.8 | 225 | 196.9% |
| United States | 9.4 | 3.8 | 3.3 | 72.4 | 97.5% |
| China | 1.2 | 5.7 | 13.5 | 10.8 | 108.0% |
| Netherlands | 31.5 | N/A | N/A | 2.5 | -57.0% |
| Hungary | 0.3 | N/A | N/A | N/A | 0% |
| Japan | 1.5 | 3.2 | 10.0 | N/A | 158.2% |
| Others | 4.6 | 4.5 | 33.1 | 14.0 | 44.9% |
| Total | 57.1 | 54.4 | 85.7 | 325 | 78.5% |
Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to Norway in 2022:
- China (2013.0 units)
- Switzerland (1851.0 units)
- United States (187.0 units)
- Netherlands (21.0 units)
Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Norway
In 2022, shipments abroad of watch movements; complete and assembled, not automatic winding or electrically operateds decreased by -20% to 4 units, falling for the second year in a row after two years of growth. Overall, exports saw a dramatic decline. The pace of growth appeared the most rapid in 2020 with an increase of 56%. As a result, the exports attained the peak of 14 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds skyrocketed to $2.7K in 2022. Over the period under review, exports saw a abrupt descent. The exports peaked at $5.6K in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
| Export of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.5 | N/A | N/A | 2.0 | -17.0% |
| France | N/A | N/A | N/A | 0.6 | 0% |
| Switzerland | N/A | N/A | 0.1 | N/A | 0% |
| Sweden | N/A | 3.6 | 1.3 | N/A | -63.9% |
| Denmark | N/A | 2.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.5 | 5.6 | 1.3 | 2.7 | -8.3% |
Top Export Markets for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated from Norway in 2022:
- Netherlands (3.0 units)
- France (1.0 units)
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