Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Myanmar - 2022
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Myanmar (CIF) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Myanmar
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Myanmar (CIF) - 2022
The average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $511 per unit in 2022, reducing by -30% against the previous year. Overall, the import price, however, saw strong growth. The growth pace was the most rapid in 2021 an increase of 122% against the previous year. As a result, import price attained the peak level of $729 per unit, and then declined rapidly in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($708 per unit), while the price for China amounted to $475 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+35.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Myanmar
In 2022, overseas purchases of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings decreased by -99.7% to 13 units, falling for the second consecutive year after two years of growth. In general, imports saw a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 9.8%. As a result, imports attained the peak of 8.3K units. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings shrank remarkably to $6.6K in 2022. Overall, imports faced a significant contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 4.1% against the previous year. Over the period under review, imports of hit record highs at $4.2M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 137 | 25.6 | 35.2 | 5.2 | -66.4% |
| Switzerland | 139 | 87.2 | 64.4 | 1.4 | -78.4% |
| Hong Kong SAR | 900 | 1,319 | 516 | N/A | -24.3% |
| Japan | 166 | 211 | 103 | N/A | -21.2% |
| Singapore | 2,751 | 749 | 213 | N/A | -72.2% |
| Others | 116 | 347 | 1,919 | N/A | 306.7% |
| Total | 4,209 | 2,739 | 2,850 | 6.6 | -88.4% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Myanmar in 2022:
- China (11.0 units)
- Switzerland (2.0 units)
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