Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Pakistan - 2023
Contents:
- Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Pakistan (CIF) - 2022
- Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Pakistan
Price for Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Pakistan (CIF) - 2022
The average import price for watches; complete movements, unassembled or partly assembled (movement sets) stood at $34 per unit in 2022, with an increase of 17% against the previous year. Overall, the import price showed prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 109%. As a result, import price reached the peak level of $71 per unit. From 2017 to 2022, the average 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 China ($35 per unit), while the price for Japan amounted to $17 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.2%), while the prices for the other major suppliers experienced a decline.
Imports of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Pakistan
In 2022, after two years of decline, there was significant growth in purchases abroad of watches; complete movements, unassembled or partly assembled (movement sets), when their volume increased by 17% to 1K units. Overall, imports, however, continue to indicate a precipitous shrinkage. Imports peaked at 2.7K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of watches; complete movements, unassembled or partly assembled (movement sets) soared to $35K in 2022. In general, imports, however, recorded a sharp curtailment. Over the period under review, imports of attained the maximum at $75K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 58.3 | 43.4 | 20.6 | 34.0 | -16.5% |
| Japan | 7.9 | 1.2 | 0.7 | 0.5 | -60.1% |
| Hong Kong SAR | 0.3 | 0.3 | 0.3 | N/A | 0.0% |
| United Kingdom | 3.2 | 3.4 | 3.3 | N/A | 1.6% |
| Others | 4.8 | 0.2 | 0.3 | 0.1 | -72.5% |
| Total | 74.6 | 48.5 | 25.3 | 34.5 | -22.7% |
Top Suppliers of Watches; Complete Movements, Unassembled or Partly Assembled (Movement Sets) to Pakistan in 2022:
- China (975.0 units)
- Japan (27.0 units)
369
This report provides an in-depth analysis of the rough watch movements market in Pakistan.
536
This report provides an in-depth analysis of the global rough watch movements market.
369
This report provides an in-depth analysis of the rough watch movements market in Pakistan.
536
This report provides an in-depth analysis of the global rough watch movements market.
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