Asia-Pacific: Rough Watch Movements Market 2024

Rough Watch Movements Market Size in Asia-Pacific

The Asia-Pacific rough watch movements market amounted to $X in 2023, increasing by X% against the previous year. Overall, consumption showed resilient growth. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Rough Watch Movements Production in Asia-Pacific

In value terms, rough watch movements production amounted to $X in 2023 estimated in export price. Over the period under review, production saw a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Rough Watch Movements Exports

Exports in Asia-Pacific

In 2023, approx. X units of rough watch movements were exported in Asia-Pacific; which is down by X% against 2022. In general, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of X units. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, rough watch movements exports contracted rapidly to $X in 2023. Over the period under review, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

Exports by Country

China represented the key exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by Japan (X units), comprising a X% share of total exports. Malaysia (X units), Hong Kong SAR (X units) and Thailand (X units) took a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Japan ($X) remains the largest rough watch movements supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by China, with a X% share.

In Japan, rough watch movements exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and China (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per unit, surging by X% against the previous year. In general, the export price recorded a resilient increase. The pace of growth was the most pronounced in 2018 an increase of X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the export price figures.

Rough Watch Movements Imports

Imports in Asia-Pacific

In 2023, after two years of growth, there was decline in overseas purchases of rough watch movements, when their volume decreased by X% to X units. Overall, imports showed a perceptible reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked at X units in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, rough watch movements imports expanded markedly to $X in 2023. Over the period under review, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Democratic People's Republic of Korea (X units), distantly followed by India (X units), China (X units), Malaysia (X units), Vietnam (X units) and Singapore (X units) represented the largest importers of rough watch movements, together comprising X% of total imports. Bangladesh (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Democratic People's Republic of Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported rough watch movements in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Democratic People's Republic of Korea, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Democratic People's Republic of Korea (X% per year).

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per unit, growing by X% against the previous year. In general, the import price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2020 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform