Price for Watch Movements; Complete and Assembled in France - 2023
Contents:
- Price for Watch Movements; Complete and Assembled in France (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in France (FOB) - 2023
- Imports of Watch Movements; Complete and Assembled in France
- Exports of Watch Movements; Complete and Assembled in France
Price for Watch Movements; Complete and Assembled in France (CIF) - 2022
The average import price for watch movements; complete and assembleds stood at $26 per unit in 2022, with a decrease of -8.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 104% against the previous year. Over the period under review, average import prices attained the maximum at $82 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($100 per unit), while the price for Luxembourg ($1.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Watch Movements; Complete and Assembled in France (FOB) - 2023
In July 2023, the average export price for watch movements; complete and assembleds amounted to $203 per unit, which is down by -9.7% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 16% month-to-month. Over the period under review, the average export prices attained the peak figure at $224 per unit in June 2023, and then reduced in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($267 per unit), while the average price for exports to Italy ($47.9 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Watch Movements; Complete and Assembled in France
In 2022, after three years of growth, there was significant decline in purchases abroad of watch movements; complete and assembleds, when their volume decreased by -5.5% to 1.3M units. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 120%. Imports peaked at 1.4M units in 2021, and then shrank in the following year.
In value terms, watch movements; complete and assembled imports reduced to $34M in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 35%. As a result, imports attained the peak of $40M, and then reduced in the following year.
| Import of Watch Movements; Complete and Assembled in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 26.2 | 19.7 | 26.8 | 21.7 | -6.1% |
| Netherlands | 0.6 | 4.1 | 5.9 | 4.2 | 91.3% |
| China | 1.6 | 2.5 | 3.0 | 4.1 | 36.8% |
| Hong Kong SAR | 0.2 | 0.5 | 1.2 | 1.8 | 108.0% |
| Japan | 1.0 | 1.0 | 1.3 | 1.2 | 6.3% |
| Germany | 0.1 | 0.3 | 0.2 | 0.3 | 44.2% |
| Luxembourg | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.2 | 1.2 | 1.1 | 1.0 | 71.0% |
| Total | 29.9 | 29.4 | 39.6 | 34.3 | 4.7% |
Top Suppliers of Watch Movements; Complete and Assembled to France in 2022:
- China (293.6K units)
- Hong Kong SAR (237.4K units)
- Netherlands (232.5K units)
- Switzerland (216.2K units)
- Japan (202.7K units)
- Luxembourg (37.4K units)
- Germany (22.9K units)
Exports of Watch Movements; Complete and Assembled in France
In 2022, overseas shipments of watch movements; complete and assembleds were finally on the rise to reach 153K units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a precipitous curtailment. The exports peaked at 657K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, watch movements; complete and assembled exports contracted to $16M in 2022. Overall, exports, however, saw a sharp decline. The pace of growth was the most pronounced in 2021 when exports increased by 32% against the previous year. Over the period under review, the exports reached the peak figure at $35M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Watch Movements; Complete and Assembled in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 12.2 | 9.7 | 13.3 | 10.6 | -4.6% |
| Switzerland | 20.7 | 2.5 | 2.7 | 2.9 | -48.1% |
| Germany | 0.5 | 0.4 | 0.6 | 0.9 | 21.6% |
| Italy | N/A | 0.2 | 0.5 | 0.3 | 22.5% |
| Macao SAR | N/A | N/A | 0.1 | 0.2 | 100.0% |
| India | N/A | N/A | N/A | 0.1 | 0% |
| Others | 1.4 | 1.1 | 1.2 | 1.1 | -7.7% |
| Total | 35.0 | 13.9 | 18.4 | 16.0 | -23.0% |
Top Export Markets for Watch Movements; Complete and Assembled from France in 2022:
- Netherlands (73.3K units)
- Switzerland (40.1K units)
- Germany (9.7K units)
- India (8.7K units)
- Macao SAR (5.5K units)
- Italy (4.7K units)
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This report provides an in-depth analysis of the assembled watch movements market in France.
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Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
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