Price for Watch Cases and Parts Thereof in Colombia - 2022

Price for Watch Cases and Parts Thereof in Colombia (CIF) - 2022

The average import price for watch cases and parts thereoves stood at $7.5 per unit in 2022, increasing by 7.7% against the previous year. In general, the import price saw a tangible expansion. The most prominent rate of growth was recorded in 2015 an increase of 60% against the previous year. The import price peaked at $14 per unit in 2017; however, from 2018 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 Hong Kong SAR ($10 per unit), while the price for China ($3.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Watch Cases and Parts Thereof in Colombia (FOB) - 2022

The average export price for watch cases and parts thereoves stood at $2.4 per unit in 2022, waning by -82.2% against the previous year. Overall, the export price, however, recorded a temperate expansion. The pace of growth was the most pronounced in 2021 an increase of 261%. As a result, the export price attained the peak level of $13 per unit, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($21 per unit), while the average price for exports to the United States ($2 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 Ecuador (+8.0%), while the prices for the other major destinations experienced a decline.

Imports of Watch Cases and Parts Thereof in Colombia

In 2022, imports of watch cases and parts thereoves into Colombia contracted significantly to 3.2K units, reducing by -34.3% compared with the year before. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 173%. As a result, imports attained the peak of 4.9K units, and then contracted markedly in the following year.

In value terms, watch cases and parts thereof imports contracted sharply to $24K in 2022. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 141%. Over the period under review, imports attained the maximum at $38K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Watch Cases and Parts Thereof in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	N/A	N/A	6.1	8.3	36.1%
Switzerland	11.1	2.4	4.6	4.4	-26.5%
Hong Kong SAR	3.1	0.9	1.3	0.6	-42.2%
China	19.0	8.3	14.0	0.5	-70.3%
Others	4.8	2.5	8.0	10.2	28.6%
Total	38.0	14.1	34.0	24.0	-14.2%

Top Suppliers of Watch Cases and Parts Thereof to Colombia in 2022:

Sweden (1420.0 units)
Switzerland (438.0 units)
China (142.0 units)
Hong Kong SAR (60.0 units)

Exports of Watch Cases and Parts Thereof in Colombia

In 2022, approx. 1.2K units of watch cases and parts thereoves were exported from Colombia; growing by 758% compared with 2021. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, watch cases and parts thereof exports soared to $2.9K in 2022. Over the period under review, exports, however, saw a dramatic shrinkage. Over the period under review, the exports attained the maximum at $5.8K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.