Price for Watch Movements; Complete and Assembled in Kuwait - 2022
Contents:
- Price for Watch Movements; Complete and Assembled in Kuwait (CIF) - 2022
- Price for Watch Movements; Complete and Assembled in Kuwait (FOB) - 2022
- Imports of Watch Movements; Complete and Assembled in Kuwait
- Exports of Watch Movements; Complete and Assembled in Kuwait
Price for Watch Movements; Complete and Assembled in Kuwait (CIF) - 2022
The average import price for watch movements; complete and assembleds stood at $73 per unit in 2022, jumping by 34% against the previous year. In general, the import price, however, recorded a mild slump. The pace of growth appeared the most rapid in 2021 an increase of 84% against the previous year. Over the period under review, average import prices attained the maximum at $125 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 United Arab Emirates ($457 per unit), while the price for the United States ($8.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the prices for the other major suppliers experienced a decline.
Price for Watch Movements; Complete and Assembled in Kuwait (FOB) - 2022
In 2022, the average export price for watch movements; complete and assembleds amounted to $197 per unit, with an increase of 54% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, watch movements; complete and assembled export price increased by +64.2% against 2020 indices. Over the period under review, the average export prices hit record highs at $203 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($1,026 per unit), while the average price for exports to the Philippines ($0.7 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 (+22.6%), while the prices for the other major destinations experienced a decline.
Imports of Watch Movements; Complete and Assembled in Kuwait
In 2022, watch movements; complete and assembled imports into Kuwait dropped rapidly to 3.4K units, reducing by -54.1% against 2021 figures. In general, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 140% against the previous year. Over the period under review, imports reached the maximum at 7.6K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, watch movements; complete and assembled imports fell rapidly to $250K in 2022. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 342%. As a result, imports attained the peak of $408K, and then fell markedly in the following year.
| Import of Watch Movements; Complete and Assembled in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 73.1 | 0.1 | 66.8 | 137 | 23.3% |
| Switzerland | 131 | 20.1 | 190 | 81.5 | -14.6% |
| Netherlands | 0.2 | 3.5 | 21.0 | 3.7 | 164.5% |
| India | 12.2 | 3.4 | 11.2 | 3.2 | -36.0% |
| Italy | 1.2 | 15.2 | 20.1 | 3.1 | 37.2% |
| United Kingdom | 76.3 | 3.6 | 25.2 | 3.0 | -66.0% |
| China | 6.1 | 4.8 | 11.2 | 3.0 | -21.1% |
| United States | 40.0 | 21.5 | 8.0 | 2.2 | -62.0% |
| Thailand | 4.6 | 1.4 | 5.3 | 1.7 | -28.2% |
| Others | 52.7 | 18.7 | 49.2 | 11.9 | -39.1% |
| Total | 397 | 92.3 | 408 | 250 | -14.3% |
Top Suppliers of Watch Movements; Complete and Assembled to Kuwait in 2022:
- Switzerland (1327.0 units)
- India (346.0 units)
- United Arab Emirates (299.0 units)
- United States (250.0 units)
- China (150.0 units)
- Netherlands (138.0 units)
- Thailand (68.0 units)
- Italy (50.0 units)
- United Kingdom (50.0 units)
Exports of Watch Movements; Complete and Assembled in Kuwait
After three years of growth, overseas shipments of watch movements; complete and assembleds decreased by -66.8% to 628 units in 2022. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 4,017%. As a result, the exports attained the peak of 1.9K units, and then declined rapidly in the following year.
In value terms, watch movements; complete and assembled exports shrank sharply to $124K in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 4,283%. As a result, the exports attained the peak of $242K, and then shrank remarkably in the following year.
| Export of Watch Movements; Complete and Assembled in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 8.7 | 5.3 | 238 | 123 | 141.8% |
| United Arab Emirates | 0.4 | 0.1 | 2.2 | 0.2 | -20.6% |
| Philippines | N/A | N/A | N/A | 0.1 | 0% |
| Netherlands | N/A | N/A | 0.4 | N/A | 0% |
| Saudi Arabia | N/A | N/A | 1.6 | N/A | 0% |
| Others | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Total | 9.1 | 5.5 | 242 | 124 | 138.9% |
Top Export Markets for Watch Movements; Complete and Assembled from Kuwait in 2022:
- Philippines (199.0 units)
- Switzerland (120.0 units)
- United Arab Emirates (66.0 units)
- Netherlands (44.0 units)
400
Global Assembled Watch Movements Market Report 2018. This report provides an in-depth analysis of the global assembled watch movements market.
400
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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