Price for Clock or Watch Parts; Dials in the UK - 2023

Contents:

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

Price for Clock or Watch Parts; Dials in the UK (CIF) - 2022

In 2022, the average import price for clock or watch parts; dialses amounted to $3,711 per unit, picking up by 29% against the previous year. Over the period under review, the import price posted resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 334%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($3,805 per unit), while the price for Belgium ($46 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+612.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clock or Watch Parts; Dials in the UK (FOB) - 2022

The average export price for clock or watch parts; dialses stood at $3,132 per unit in 2022, surging by 76% against the previous year. In general, the export price continues to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 176% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($2,553 per unit), while the average price for exports to the Netherlands ($73 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 the United Arab Emirates (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clock or Watch Parts; Dials in the UK

In 2022, the amount of clock or watch parts; dialses imported into the UK plummeted to 1.2K units, with a decrease of -19.9% compared with 2021. Overall, imports showed a sharp contraction. Imports peaked at 18K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, clock or watch parts; dials imports expanded modestly to $4.4M in 2022. The total import value increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Clock or Watch Parts; Dials to the UK in 2022:

1. Switzerland (854.0 units)
2. China (636.0 units)
3. Netherlands (259.0 units)
4. Hong Kong SAR (243.0 units)
5. Germany (189.0 units)
6. Belgium (105.0 units)
7. Japan (102.0 units)

Exports of Clock or Watch Parts; Dials in the UK

In 2022, approx. 1.1K units of clock or watch parts; dialses were exported from the UK; jumping by 584% against the year before. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, clock or watch parts; dials exports skyrocketed to $3.5M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Clock or Watch Parts; Dials from the UK in 2022:

1. Hong Kong SAR (2861.0 units)
2. United States (633.0 units)
3. Australia (495.0 units)
4. Switzerland (448.0 units)
5. Netherlands (223.0 units)
6. United Arab Emirates (135.0 units)
7. Germany (82.0 units)
8. Ireland (1.0 units)

Source: IndexBox Market Intelligence Platform