Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Lithuania - 2023
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Lithuania (FOB) - 2023
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Lithuania (CIF) - 2022
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Lithuania
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Lithuania
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Lithuania (FOB) - 2023
The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $412 per unit in October 2023, with a decrease of -8.1% against the previous month. In general, the export price, however, showed a modest increase. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 197% month-to-month. The export price peaked at $949 per unit in August 2023; however, from September 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Germany ($1,380 per unit), while the average price for exports to Russia ($73.6 per unit) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Lithuania (CIF) - 2022
In 2022, the average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $503 per unit, picking up by 69% against the previous year. Overall, the import price saw a relatively flat trend pattern. The import price peaked at $628 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 Switzerland ($2,442 per unit), while the price for China ($55 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Lithuania
Exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings from Lithuania soared to 20K units in 2022, jumping by 15% compared with the previous year. The total export volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings skyrocketed to $9M in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 279 | 236 | 641 | 2,716 | 113.5% |
| Switzerland | 167 | 677 | 609 | 2,245 | 137.8% |
| Japan | 63.1 | 636 | 1,131 | 1,279 | 172.7% |
| Hong Kong SAR | 802 | 551 | 757 | 902 | 4.0% |
| Poland | 310 | 366 | 375 | 443 | 12.6% |
| United Kingdom | 428 | 452 | 392 | 271 | -14.1% |
| Russia | 12.1 | 17.8 | 65.0 | 219 | 162.6% |
| Hungary | 157 | 152 | 176 | 175 | 3.7% |
| United States | 376 | 330 | 213 | 174 | -22.7% |
| Slovakia | 209 | 110 | 181 | 168 | -7.0% |
| Bulgaria | 98.8 | 35.2 | 76.3 | 45.5 | -22.8% |
| Ukraine | 61.3 | 77.7 | 60.3 | 38.5 | -14.4% |
| Latvia | 119 | 3.0 | 7.4 | 6.7 | -61.7% |
| Others | 373 | 304 | 320 | 300 | -7.0% |
| Total | 3,456 | 3,949 | 5,005 | 8,983 | 37.5% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from Lithuania in 2022:
- Japan (4.0K units)
- Germany (4.0K units)
- Russia (2.8K units)
- Poland (2.2K units)
- United Kingdom (1.3K units)
- Switzerland (1.1K units)
- Hungary (0.8K units)
- Hong Kong SAR (0.8K units)
- Slovakia (0.7K units)
- United States (0.6K units)
- Ukraine (0.3K units)
- Bulgaria (0.2K units)
Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Lithuania
Imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings into Lithuania expanded to 13K units in 2022, rising by 3.4% compared with the previous year's figure. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings soared to $6.6M in 2022. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 135%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 540 | 1,133 | 3,053 | 4,908 | 108.7% |
| Latvia | 0.1 | 0.5 | 0.3 | 701 | 1813.8% |
| China | 204 | 204 | 463 | 209 | 0.8% |
| Hong Kong SAR | 53.8 | 124 | 34.7 | 200 | 54.9% |
| Italy | 1.3 | 1.5 | 31.2 | 170 | 407.6% |
| Germany | 5.1 | 17.2 | 19.1 | 101 | 170.6% |
| Netherlands | N/A | N/A | 15.9 | 66.9 | 320.8% |
| Japan | 1.4 | 1.1 | 0.7 | 61.1 | 252.1% |
| Spain | 0.8 | 0.1 | 0.7 | 53.1 | 304.9% |
| France | 114 | 6.6 | 0.1 | 24.4 | -40.2% |
| Others | 85.3 | 109 | 135 | 87.1 | 0.7% |
| Total | 1,005 | 1,597 | 3,754 | 6,581 | 87.1% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Lithuania in 2022:
- China (3.8K units)
- Hong Kong SAR (2.4K units)
- Latvia (2.2K units)
- Switzerland (2.0K units)
- Italy (0.9K units)
- Germany (0.5K units)
- Netherlands (0.3K units)
- Japan (0.2K units)
- France (0.2K units)
- Spain (0.2K units)
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