Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Russia - 2022

Contents:

1. Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Russia (CIF) - 2022
2. Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Russia (FOB) - 2022
3. Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Russia
4. Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Russia

Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Russia (CIF) - 2022

In 2022, the average import price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $1,364 per unit, jumping by 4,516% against the previous year. In general, the import price showed buoyant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 9,066% against the previous year. The import price peaked at $4,146 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($7,885 per unit), while the price for Germany ($54 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 Arab Emirates (+78.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Russia (FOB) - 2022

In 2022, the average export price for watch movements; complete and assembled, not automatic winding or electrically operateds amounted to $74 per unit, declining by -55.3% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 240%. Over the period under review, the average export prices reached the peak figure at $173 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +8.5% per year.

Imports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Russia

Imports of watch movements; complete and assembled, not automatic winding or electrically operateds into Russia reduced dramatically to 90 units in 2022, falling by -98.4% on the year before. In general, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 24,635%. As a result, imports reached the peak of 5.7K units, and then contracted significantly in the following year.

In value terms, imports of watch movements; complete and assembled, not automatic winding or electrically operateds fell rapidly to $123K in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 126% against the previous year. Imports peaked at $168K in 2021, and then dropped sharply in the following year.

Top Suppliers of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated to Russia in 2022:

1. Switzerland (67.0 units)
2. Italy (14.0 units)
3. Germany (9.0 units)

Exports of Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated in Russia

Exports of watch movements; complete and assembled, not automatic winding or electrically operateds from Russia soared to 202 units in 2022, jumping by 17% compared with 2021 figures. In general, exports, however, faced a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 2,050%. Over the period under review, the exports of reached the peak figure at 433 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of watch movements; complete and assembled, not automatic winding or electrically operateds declined markedly to $15K in 2022. Over the period under review, exports, however, recorded a dramatic decline. The pace of growth was the most pronounced in 2021 when exports increased by 1,951% against the previous year. The exports peaked at $30K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Watch Movements; Complete and Assembled, Not Automatic Winding or Electrically Operated from Russia in 2022:

1. Netherlands (202.0 units)

Source: IndexBox Market Intelligence Platform