Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Dominican Republic - 2023
Contents:
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Dominican Republic (CIF) - 2022
- Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Dominican Republic (FOB) - 2022
- Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Dominican Republic
- Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Dominican Republic
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Dominican Republic (CIF) - 2022
In 2022, the average import price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings amounted to $149 per unit, increasing by 15% against the previous year. Overall, the import price showed a strong expansion. The growth pace was the most rapid in 2019 an increase of 16%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.
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 ($220 per unit), while the price for Japan ($107 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Dominican Republic (FOB) - 2022
The average export price for wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings stood at $3,441 per unit in 2022, reducing by -41.6% against the previous year. Overall, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 146%. As a result, the export price reached the peak level of $5,894 per unit, and then fell sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.6% per year.
Imports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Dominican Republic
For the fourth consecutive year, the Dominican Republic recorded growth in purchases abroad of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings, which increased by 16% to 47K units in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 22%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings surged to $7M in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Dominican Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 2.6 | 3.3 | 4.5 | 5.7 | 29.9% |
| China | 0.3 | 0.3 | 0.6 | 0.6 | 26.0% |
| United States | 0.4 | N/A | 0.1 | 0.5 | 7.7% |
| Japan | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.4 | 3.7 | 5.2 | 7.0 | 27.2% |
Top Suppliers of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding to the Dominican Republic in 2022:
- Switzerland (38.6K units)
- China (4.2K units)
- United States (2.2K units)
- Japan (2.0K units)
Exports of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Dominican Republic
In 2022, shipments abroad of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings decreased by -48.1% to 209 units, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a sharp setback. The growth pace was the most rapid in 2020 with an increase of 40%. As a result, the exports reached the peak of 777 units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of wrist-watches; whether or not incorporating a stop-watch facility, with automatic windings shrank dramatically to $719K in 2022. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2020 when exports increased by 100%. Over the period under review, the exports of attained the peak figure at $2.4M in 2021, and then contracted sharply in the following year.
| Export of Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 790 | 1,829 | 2,375 | 719 | -3.1% |
| Haiti | 29.9 | N/A | N/A | N/A | 0% |
| Peru | 8.4 | N/A | N/A | N/A | 0% |
| Panama | 87.0 | N/A | N/A | N/A | 0% |
| Colombia | N/A | 31.7 | N/A | N/A | 0% |
| Bolivia | 1.5 | N/A | N/A | N/A | 0% |
| Others | 13.3 | N/A | 0.8 | N/A | -75.5% |
| Total | 930 | 1,861 | 2,375 | 719 | -8.2% |
Top Export Markets for Wrist-Watches; Whether or Not Incorporating A Stop-Watch Facility, with Automatic Winding from the Dominican Republic in 2022:
- United States (209.0 units)
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