Price for Clock or Watch Parts; Dials in South Korea - 2022

Contents:

1. Price for Clock or Watch Parts; Dials in South Korea (CIF) - 2022
2. Price for Clock or Watch Parts; Dials in South Korea (FOB) - 2022
3. Imports of Clock or Watch Parts; Dials in South Korea
4. Exports of Clock or Watch Parts; Dials in South Korea

Price for Clock or Watch Parts; Dials in South Korea (CIF) - 2022

The average import price for clock or watch parts; dialses stood at $301 per unit in 2022, standing approx. at the previous year. In general, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in 2014 an increase of 1%. The import price peaked at $902 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($4,273 per unit), while the price for Hong Kong SAR ($47 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+3.8%), while the prices for the other major suppliers experienced a decline.

Price for Clock or Watch Parts; Dials in South Korea (FOB) - 2022

In 2022, the average export price for clock or watch parts; dialses amounted to $4,019 per unit, growing by 51% against the previous year. In general, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 an increase of 120% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($4,345 per unit), while the average price for exports to Russia ($6 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 Switzerland (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clock or Watch Parts; Dials in South Korea

In 2022, after three years of growth, there was significant decline in purchases abroad of clock or watch parts; dialses, when their volume decreased by -9.1% to 2.3K units. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, imports reached the peak of 2.5K units, and then contracted in the following year.

In value terms, clock or watch parts; dials imports fell to $694K in 2022. The total import value increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 28%. As a result, imports attained the peak of $768K, and then shrank in the following year.

Top Suppliers of Clock or Watch Parts; Dials to South Korea in 2022:

1. China (2014.0 units)
2. Switzerland (75.0 units)
3. Hong Kong SAR (72.0 units)
4. Thailand (39.0 units)

Exports of Clock or Watch Parts; Dials in South Korea

In 2022, overseas shipments of clock or watch parts; dialses decreased by -64.6% to 23 units, falling for the second year in a row after two years of growth. In general, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 211%. As a result, the exports reached the peak of 165 units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, clock or watch parts; dials exports shrank sharply to $92K in 2022. Overall, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 158% against the previous year. As a result, the exports reached the peak of $200K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Clock or Watch Parts; Dials from South Korea in 2022:

1. Switzerland (21.0 units)
2. Russia (1.0 units)
3. Hong Kong SAR (1.0 units)

Source: IndexBox Market Intelligence Platform