Price for Clock Movements; Complete and Assembled in India - 2023
Contents:
- Price for Clock Movements; Complete and Assembled in India (CIF) - 2023
- Price for Clock Movements; Complete and Assembled in India (FOB) - 2022
- Imports of Clock Movements; Complete and Assembled in India
- Exports of Clock Movements; Complete and Assembled in India
Price for Clock Movements; Complete and Assembled in India (CIF) - 2023
In July 2023, the average import price for clock movements; complete and assembleds amounted to $130 per thousand units, shrinking by -7.3% against the previous month. In general, the import price, however, enjoyed buoyant growth. The pace of growth was the most pronounced in October 2022 when the average import price increased by 416% against the previous month. The import price peaked at $144 per thousand units in February 2023; however, from March 2023 to July 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to +6.0% per month.
Price for Clock Movements; Complete and Assembled in India (FOB) - 2022
In 2022, the average export price for clock movements; complete and assembleds amounted to $2.1 per unit, waning by -6.8% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 577%. As a result, the export price attained the peak level of $5.2 per unit. From 2020 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Algeria ($8.1 per unit), while the average price for exports to Ukraine ($0.8 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 Algeria (+169.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clock Movements; Complete and Assembled in India
In 2022, clock movements; complete and assembled imports into India contracted to 920K units, with a decrease of -7.9% compared with 2021 figures. Overall, imports continue to indicate a precipitous decrease. Imports peaked at 1.9M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, clock movements; complete and assembled imports fell slightly to $3.7M in 2022. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 24%. Imports peaked at $4.5M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Clock Movements; Complete and Assembled in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.4 | 2.9 | 3.6 | 3.5 | -7.3% |
| Hong Kong SAR | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 4.5 | 3.0 | 3.7 | 3.7 | -6.3% |
Top Suppliers of Clock Movements; Complete and Assembled to India in 2022:
- China (859.0K units)
- Hong Kong SAR (57.0K units)
Exports of Clock Movements; Complete and Assembled in India
In 2022, approx. 44K units of clock movements; complete and assembleds were exported from India; with an increase of 6.6% against 2021 figures. In general, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 92%. The exports peaked at 68K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, clock movements; complete and assembled exports reduced slightly to $94K in 2022. Over the period under review, exports, however, recorded a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. Over the period under review, the exports hit record highs at $353K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Clock Movements; Complete and Assembled in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.3 | N/A | 8.6 | 16.5 | 280.3% |
| Algeria | N/A | N/A | N/A | 13.4 | 0% |
| Nepal | 4.8 | 8.5 | 6.1 | 12.2 | 36.5% |
| United States | 4.2 | 6.7 | 22.2 | 12.0 | 41.9% |
| Australia | 0.6 | 2.2 | 5.0 | 8.1 | 138.1% |
| Malaysia | 0.1 | N/A | N/A | 3.5 | 227.1% |
| Bangladesh | 1.8 | 0.2 | N/A | 3.1 | 19.9% |
| Spain | 0.6 | N/A | 0.2 | 2.4 | 58.7% |
| Poland | N/A | N/A | 1.2 | 2.0 | 66.7% |
| Ukraine | 1.3 | 0.4 | 3.2 | 1.7 | 9.4% |
| Mauritius | N/A | N/A | N/A | 1.7 | 0% |
| United Arab Emirates | 27.4 | 1.7 | 0.1 | 1.6 | -61.2% |
| Myanmar | N/A | N/A | N/A | 1.0 | 0% |
| Others | 312 | 41.5 | 48.4 | 15.3 | -63.4% |
| Total | 353 | 61.2 | 95.1 | 94.4 | -35.6% |
Top Export Markets for Clock Movements; Complete and Assembled from India in 2022:
- Germany (14.3K units)
- Australia (7.0K units)
- Nepal (5.8K units)
- Ukraine (2.0K units)
- Malaysia (2.0K units)
- United States (1.9K units)
- Algeria (1.6K units)
- Bangladesh (1.4K units)
- United Arab Emirates (1.3K units)
- Poland (1.1K units)
- Myanmar (1.0K units)
- Spain (0.9K units)
- Mauritius (0.8K units)
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