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

Contents:

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

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

In 2022, the average import price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $81 per unit, growing by 951% against the previous year. Overall, the import price saw a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -2.6% per year.

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

In 2022, the average export price for watches; complete movements, unassembled or partly assembled (movement sets) amounted to $10 per unit, dropping by -37.5% against the previous year. Overall, the export price, however, saw buoyant growth. The export price peaked at $16 per unit in 2021, and then declined significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2013 to 2022, the rate of growth in terms of prices for Thailand amounted to -37.5% per year.

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

Imports of watches; complete movements, unassembled or partly assembled (movement sets) into Sri Lanka contracted notably to 1 units in 2022, with a decrease of -96.3% on the year before. Over the period under review, imports faced a dramatic curtailment. The smallest decline of -12.5% was in 2020. Imports peaked at 64 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) contracted notably to $81 in 2022. Overall, imports showed a precipitous curtailment. The smallest decline of -42.2% was in 2020. Over the period under review, imports of reached the maximum at $1.3K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

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

1. United Kingdom (1.0 units)

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

In 2022, approx. 28 units of watches; complete movements, unassembled or partly assembled (movement sets) were exported from Sri Lanka; increasing by 833% compared with 2021. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of watches; complete movements, unassembled or partly assembled (movement sets) soared to $280 in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Thailand (28.0 units)

Source: IndexBox Market Intelligence Platform