Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Indonesia - 2022

Contents:

  1. Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Indonesia (CIF) - 2022
  2. Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Indonesia (FOB) - 2022
  3. Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Indonesia
  4. Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Indonesia

Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Indonesia (CIF) - 2022

In March 2022, the average import price for clocks; wall clocks, battery, accumulator or mains powereds amounted to $7.1 per unit, leveling off at the previous month. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level of $7.1 per unit, leveling off in the following month.

Average prices varied noticeably amongst the major supplying countries. In March 2022, the highest price was recorded for prices from the United States ($7.1 per unit) and Hong Kong SAR ($7.1 per unit), while the price for Germany ($7.1 per unit) and China ($7.1 per unit) were amongst the lowest.

From February 2022 to March 2022, the most notable rate of growth in terms of prices was attained by the United States (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Indonesia (FOB) - 2022

In 2022, the average export price for clocks; wall clocks, battery, accumulator or mains powereds amounted to $5.1 per unit, which is down by -30.8% against the previous year. Overall, the export price recorded a slight decrease. The most prominent rate of growth was recorded in 2017 an increase of 80%. Over the period under review, the average export prices reached the maximum at $7.4 per unit in 2021, and then shrank remarkably in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($5.1 per unit) and China ($5.1 per unit), while the average price for exports to Timor-Leste ($5.1 per unit) and Singapore ($5.1 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Indonesia

In 2022, the amount of clocks; wall clocks, battery, accumulator or mains powereds imported into Indonesia expanded markedly to 649K units, rising by 5.7% compared with the previous year's figure. Over the period under review, imports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Imports peaked at 703K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of clocks; wall clocks, battery, accumulator or mains powereds expanded markedly to $4.6M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 45%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Import of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Indonesia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3.32.63.84.06.6%
Hong Kong SARN/A0.30.50.415.5%
Belarus0.10.1N/A0.10.0%
Others0.10.10.10.226.0%
Total3.53.04.44.69.5%

Top Suppliers of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered to Indonesia in 2022:

  1. China (561.4K units)
  2. Hong Kong SAR (53.1K units)
  3. Belarus (9.5K units)

Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Indonesia

In 2022, the amount of clocks; wall clocks, battery, accumulator or mains powereds exported from Indonesia soared to 6K units, growing by 322% compared with 2021 figures. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 1,784% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of clocks; wall clocks, battery, accumulator or mains powereds soared to $30K in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,893% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SingaporeN/A0.16.618.51260.1%
United StatesN/AN/A0.19.79600.0%
China0.5N/A0.31.853.3%
Timor-Leste1.00.20.50.3-33.1%
United Arab Emirates0.3N/A2.1N/A164.6%
OthersN/A0.20.8N/A300.0%
Total1.80.510.430.3156.3%

Top Export Markets for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered from Indonesia in 2022:

  1. Singapore (3.6K units)
  2. United States (1.9K units)
  3. China (0.3K units)
  4. Timor-Leste (0.1K units)

Source: IndexBox Market Intelligence Platform

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