Price for Watch Cases and Parts Thereof in the Dominican Republic - 2023

Price for Watch Cases and Parts Thereof in the Dominican Republic (CIF) - 2022

The average import price for watch cases and parts thereoves stood at $26 per unit in 2022, falling by -23.9% against the previous year. Overall, the import price saw a deep contraction. The pace of growth was the most pronounced in 2020 when the average import price increased by 270% against the previous year. The import price peaked at $53 per unit in 2012; however, from 2013 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 ($252 per unit), while the price for China ($12 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Watch Cases and Parts Thereof in the Dominican Republic (FOB) - 2022

In 2022, the average export price for watch cases and parts thereoves amounted to $23 per unit, falling by -19.8% against the previous year. In general, the export price showed a slight setback. The most prominent rate of growth was recorded in 2017 an increase of 1,551% against the previous year. As a result, the export price attained the peak level of $165 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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 -0.4% per year.

Imports of Watch Cases and Parts Thereof in the Dominican Republic

In 2022, purchases abroad of watch cases and parts thereoves was finally on the rise to reach 139 units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a significant decline. Over the period under review, imports attained the maximum at 1.5K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, watch cases and parts thereof imports soared to $3.6K in 2022. Over the period under review, imports, however, faced a dramatic shrinkage. Over the period under review, imports attained the maximum at $8.4K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Watch Cases and Parts Thereof in the Dominican Republic (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	382	76.0	53.0	1,469	56.7%
Switzerland	993	189	97.0	1,262	8.3%
United States	312	1,186	1,553	828	38.4%
Panama	5,333	585	354	N/A	-74.2%
Others	1,369	163	121	11.0	-80.0%
Total	8,389	2,199	2,178	3,570	-24.8%

Top Suppliers of Watch Cases and Parts Thereof to the Dominican Republic in 2022:

China (125.0 units)
United States (8.0 units)
Switzerland (5.0 units)

Exports of Watch Cases and Parts Thereof in the Dominican Republic

Watch cases and parts thereof exports from the Dominican Republic skyrocketed to 73 units in 2022, jumping by 421% compared with the year before. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, watch cases and parts thereof exports skyrocketed to $1.7K in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.