Price for Watch Cases and Parts Thereof in Israel - 2023
Contents:
- Price for Watch Cases and Parts Thereof in Israel (FOB) - 2022
- Price for Watch Cases and Parts Thereof in Israel (CIF) - 2022
- Exports of Watch Cases and Parts Thereof in Israel
- Imports of Watch Cases and Parts Thereof in Israel
Price for Watch Cases and Parts Thereof in Israel (FOB) - 2022
In 2022, the average export price for watch cases and parts thereoves amounted to $61 per unit, jumping by 108% against the previous year. Overall, the export price posted a remarkable increase. The export price peaked at $66 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($66 per unit), while the average price for exports to the Netherlands ($10 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 Netherlands (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Watch Cases and Parts Thereof in Israel (CIF) - 2022
In 2022, the average import price for watch cases and parts thereoves amounted to $97 per unit, with a decrease of -7.1% against the previous year. In general, the import price, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 82%. The import price peaked at $105 per unit in 2021, and then fell in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($401 per unit), while the price for Sweden ($48 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+47.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Watch Cases and Parts Thereof in Israel
In 2022, approx. 11K units of watch cases and parts thereoves were exported from Israel; rising by 14% on the previous year. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 12,872%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, watch cases and parts thereof exports surged to $677K in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 5,600% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Watch Cases and Parts Thereof in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 18.1 | 4.7 | 186 | 641 | 228.4% |
| Hong Kong SAR | 0.1 | 0.1 | 21.3 | 35.0 | 604.7% |
| United States | N/A | N/A | 34.0 | N/A | 0% |
| Canada | 0.4 | 0.1 | 33.0 | N/A | 808.3% |
| Others | 0.4 | 0.1 | 10.6 | 1.0 | 35.7% |
| Total | 19.0 | 5.0 | 285 | 677 | 229.1% |
Top Export Markets for Watch Cases and Parts Thereof from Israel in 2022:
- Switzerland (9.6K units)
- Hong Kong SAR (1.4K units)
Imports of Watch Cases and Parts Thereof in Israel
In 2022, approx. 2.5K units of watch cases and parts thereoves were imported into Israel; surging by 39% against 2021. Over the period under review, imports, however, saw a deep setback. Over the period under review, imports reached the peak figure at 3.5K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, watch cases and parts thereof imports soared to $246K in 2022. Overall, imports, however, recorded a noticeable contraction. Over the period under review, imports hit record highs at $273K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Watch Cases and Parts Thereof in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 95.8 | 72.2 | 74.6 | 82.0 | -5.1% |
| Sweden | 0.1 | 0.1 | 11.5 | 58.0 | 734.0% |
| Hong Kong SAR | 46.1 | 20.6 | 25.8 | 56.0 | 6.7% |
| China | 48.8 | 1.9 | 43.1 | 36.0 | -9.6% |
| United Kingdom | 50.6 | 51.5 | 6.7 | 3.0 | -61.0% |
| Spain | 0.2 | 0.3 | 0.3 | N/A | 22.5% |
| Turkey | 1.2 | 1.0 | 0.8 | N/A | -18.4% |
| Others | 30.2 | 17.5 | 27.2 | 11.0 | -28.6% |
| Total | 273 | 165 | 190 | 246 | -3.4% |
Top Suppliers of Watch Cases and Parts Thereof to Israel in 2022:
- Sweden (1202.0 units)
- Switzerland (603.0 units)
- Hong Kong SAR (536.0 units)
- China (124.0 units)
- United Kingdom (7.0 units)
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