Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Nigeria - 2022
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Nigeria (CIF) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Nigeria
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Nigeria (CIF) - 2022
The average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $1,192 per unit in 2022, flattening at the previous year. Over the period under review, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 1,093%. The import price peaked in 2022 and is likely to continue growth in the near future.
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 States ($1,477 per unit), while the price for Vietnam ($121 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+305.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Nigeria
In 2022, after two years of decline, there was significant growth in supplies from abroad of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings, when their volume increased by 5.6% to 38 units. In general, imports, however, continue to indicate a deep downturn. Over the period under review, imports of attained the peak figure at 69 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings totaled $45K in 2022. Over the period under review, imports, however, continue to indicate a deep downturn. Over the period under review, imports of reached the peak figure at $82K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1.1 | 1.2 | 6.2 | 12.7 | 126.0% |
| United States | 12.2 | 6.2 | 14.9 | 10.3 | -5.5% |
| China | 62.4 | 2.3 | 5.3 | 7.9 | -49.8% |
| United Kingdom | 0.3 | 7.6 | 0.5 | 3.7 | 131.0% |
| Hong Kong SAR | 3.4 | 3.9 | 5.0 | 1.7 | -20.6% |
| South Africa | N/A | 0.1 | N/A | 1.1 | 231.7% |
| Germany | 0.4 | 25.2 | N/A | 0.6 | 14.5% |
| France | N/A | N/A | 0.8 | 0.4 | -50.0% |
| South Korea | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Vietnam | 0.2 | N/A | N/A | 0.2 | 0.0% |
| Netherlands | 0.9 | N/A | 0.3 | N/A | -42.3% |
| Canada | N/A | 4.2 | 0.1 | N/A | -97.6% |
| Others | 0.8 | 4.2 | 9.2 | 6.1 | 96.8% |
| Total | 81.6 | 54.8 | 42.4 | 45.3 | -17.8% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to Nigeria in 2022:
- Switzerland (9.0 units)
- United States (7.0 units)
- China (6.0 units)
- United Kingdom (4.0 units)
- South Africa (2.0 units)
- France (2.0 units)
- Vietnam (2.0 units)
- South Korea (2.0 units)
- Hong Kong SAR (2.0 units)
- Germany (1.0 units)
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