Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Belgium - 2023

Contents:

1. Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Belgium (CIF) - 2022
2. Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Belgium (FOB) - 2022
3. Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Belgium
4. Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Belgium

Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Belgium (CIF) - 2022

In 2022, the average import price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $16 per unit, falling by -67.4% against the previous year. Over the period under review, the import price, however, posted mild growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 242%. As a result, import price attained the peak level of $48 per unit, and then declined notably in the following year.

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 the Netherlands ($123 per unit), while the price for China ($4.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+20.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Belgium (FOB) - 2022

In 2022, the average export price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $4.8 per unit, shrinking by -86.8% against the previous year. Over the period under review, the export price faced a abrupt downturn. The growth pace was the most rapid in 2019 an increase of 632% against the previous year. The export price peaked at $50 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($27 per unit), while the average price for exports to Italy ($1.9 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 Luxembourg (-2.1%), while the prices for the other major destinations experienced a decline.

Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Belgium

Imports of watches; complete movements, unassembled or partly assembled (movement sets) into Belgium skyrocketed to 7K units in 2022, picking up by 201% compared with the previous year. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) fell to $110K in 2022. In general, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 817% against the previous year. As a result, imports attained the peak of $112K, and then fell in the following year.

Top Suppliers of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) to Belgium in 2022:

1. China (3.5K units)
2. Switzerland (3.4K units)

Exports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Belgium

In 2022, shipments abroad of watches; complete movements, unassembled or partly assembled (movement sets) decreased by -33.7% to 1.8K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. As a result, the exports reached the peak of 2.6K units, and then shrank remarkably in the following year.

In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) reduced sharply to $8.3K in 2022. Over the period under review, exports faced a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 305%. As a result, the exports reached the peak of $96K, and then fell significantly in the following year.

Top Export Markets for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) from Belgium in 2022:

1. Germany (1018.0 units)
2. France (461.0 units)
3. Italy (230.0 units)
4. Spain (38.0 units)
5. Switzerland (2.0 units)

Source: IndexBox Market Intelligence Platform