Price for Watch Movements; Complete and Assembled in the Dominican Republic - 2023
Contents:
- Price for Watch Movements; Complete and Assembled in the Dominican Republic (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in the Dominican Republic (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in the Dominican Republic
- Exports of Watch Movements; Complete and Assembled in the Dominican Republic
Price for Watch Movements; Complete and Assembled in the Dominican Republic (CIF) - 2022
The average import price for watch movements; complete and assembleds stood at $89 per unit in 2022, picking up by 18% against the previous year. In general, the import price posted significant growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 367%. The import price peaked in 2022 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 ($382 per unit), while the price for the United States ($19 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+34.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled in the Dominican Republic (FOB) - 2022
The average export price for watch movements; complete and assembleds stood at $460 per unit in 2022, therefore, remained relatively stable against the previous year. Overall, the export price showed a relatively flat trend pattern. The export price peaked at $462 per unit in 2021, and then fell modestly in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2021 to 2022, the rate of growth in terms of prices for the United States amounted to -0.5% per year.
Imports of Watch Movements; Complete and Assembled in the Dominican Republic
In 2022, overseas purchases of watch movements; complete and assembleds decreased by -45.7% to 113 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 146% against the previous year. Over the period under review, imports hit record highs at 208 units in 2021, and then dropped significantly in the following year.
In value terms, watch movements; complete and assembled imports contracted dramatically to $10K in 2022. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 73% against the previous year. Over the period under review, imports reached the maximum at $16K in 2021, and then declined sharply in the following year.
| Import of Watch Movements; Complete and Assembled in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 0.6 | 1.1 | 3.1 | 8.0 | 137.1% |
| United States | 0.6 | 1.6 | 2.2 | 1.7 | 41.5% |
| Japan | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| China | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Panama | 2.4 | 6.9 | 10.2 | N/A | 106.2% |
| Others | 2.1 | N/A | N/A | N/A | 0% |
| Total | 5.8 | 10.0 | 15.8 | 10.1 | 20.3% |
Top Suppliers of Watch Movements; Complete and Assembled to the Dominican Republic in 2022:
- United States (90.0 units)
- Switzerland (21.0 units)
- Japan (2.0 units)
Exports of Watch Movements; Complete and Assembled in the Dominican Republic
In 2022, exports of watch movements; complete and assembleds from the Dominican Republic surged to 50 units, picking up by 163% against the previous year's figure. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, watch movements; complete and assembled exports skyrocketed to $23K in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Watch Movements; Complete and Assembled in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United States | 8.8 | 23.0 | 161.4% | ||
| Others | N/A | N/A | 0% | ||
| Total | 8.8 | 23.0 | 161.4% | ||
Top Export Markets for Watch Movements; Complete and Assembled from the Dominican Republic in 2022:
- United States (50.0 units)
400
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
400
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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