Price for Watches; Incomplete Movements, Assembled in the Philippines - 2022

Price for Watches; Incomplete Movements, Assembled in the Philippines (CIF) - 2022

In 2022, the average watches; incomplete movements, assembled import price amounted to $660 per unit, approximately equating the previous year. Overall, the import price saw a strong increase. The pace of growth was the most pronounced in 2019 a decrease of -41.3% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2016 to 2022, the rate of growth in terms of prices for Japan amounted to +21.1% per year.

Imports of Watches; Incomplete Movements, Assembled in the Philippines

After two years of decline, overseas purchases of watches; incomplete movements, assembleds decreased by 0% to 1 units in 2022. In general, imports faced a sharp descent. The smallest decline of 99.9% was in 2020. Over the period under review, imports reached the peak figure at 2 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, watches; incomplete movements, assembled imports amounted to $660 in 2022. Over the period under review, imports saw a significant increase. The smallest decline of 99.9% was in 2020. Imports peaked in 2022 and are likely to see gradual growth in years to come.