Price for Clock Movements; Complete and Assembled in Turkey - 2023
Contents:
- Price for Clock Movements; Complete and Assembled in Turkey (CIF) - 2023
- Price for Clock Movements; Complete and Assembled in Turkey (FOB) - 2022
- Imports of Clock Movements; Complete and Assembled in Turkey
- Exports of Clock Movements; Complete and Assembled in Turkey
Price for Clock Movements; Complete and Assembled in Turkey (CIF) - 2023
In July 2023, the average import price for clock movements; complete and assembleds amounted to $207 per thousand units, falling by -74.4% against the previous month. In general, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 304% against the previous month. The import price peaked at $836 per thousand units in December 2022; however, from January 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 -2.2% per month.
Price for Clock Movements; Complete and Assembled in Turkey (FOB) - 2022
In 2022, the average export price for clock movements; complete and assembleds amounted to $3.8 per unit, rising by 3.7% against the previous year. Overall, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 143%. Over the period under review, the average export prices attained the maximum at $4.4 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($18 per unit), while the average price for exports to Ukraine ($0.9 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 Vietnam (+87,782.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clock Movements; Complete and Assembled in Turkey
In 2022, after three years of growth, there was significant decline in purchases abroad of clock movements; complete and assembleds, when their volume decreased by -98% to 151K units. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,534%. As a result, imports reached the peak of 7.4M units, and then contracted rapidly in the following year.
In value terms, clock movements; complete and assembled imports shrank significantly to $1.4M in 2022. Over the period under review, imports saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of $1.6M, and then contracted dramatically in the following year.
| Import of Clock Movements; Complete and Assembled in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 1.0 | 1.6 | 1.3 | -4.7% |
| United Arab Emirates | N/A | 0.2 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.5 | 1.2 | 1.6 | 1.4 | -2.3% |
Top Suppliers of Clock Movements; Complete and Assembled to Turkey in 2022:
- China (148.3K units)
Exports of Clock Movements; Complete and Assembled in Turkey
In 2022, approx. 25K units of clock movements; complete and assembleds were exported from Turkey; reducing by -38.8% compared with the previous year's figure. Over the period under review, exports saw a significant decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 80%. Over the period under review, the exports attained the peak figure at 61K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, clock movements; complete and assembled exports fell sharply to $97K in 2022. In general, exports recorded a deep downturn. The growth pace was the most rapid in 2021 with an increase of 110% against the previous year. As a result, the exports attained the peak of $154K, and then reduced markedly in the following year.
| Export of Clock Movements; Complete and Assembled in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.4 | 0.3 | 96.5 | 35.1 | 117.7% |
| Georgia | 1.3 | N/A | N/A | 12.3 | 111.5% |
| Netherlands | N/A | 0.1 | 0.3 | 11.0 | 948.8% |
| Italy | 0.5 | 6.8 | 0.7 | 7.1 | 142.2% |
| Israel | N/A | 4.6 | 0.5 | 6.5 | 18.9% |
| United Kingdom | N/A | 0.5 | 35.8 | 3.3 | 156.9% |
| Ukraine | N/A | N/A | N/A | 0.9 | 0% |
| Croatia | 4.2 | N/A | N/A | N/A | 0% |
| Vietnam | 64.4 | 5.6 | N/A | N/A | -91.3% |
| Bosnia and Herzegovina | 3.0 | 0.6 | 2.1 | N/A | -16.3% |
| Serbia | N/A | 3.3 | 3.6 | N/A | 9.1% |
| Denmark | 7.5 | N/A | N/A | N/A | 0% |
| Algeria | 19.0 | 0.4 | 0.1 | N/A | -92.7% |
| Others | 22.8 | 51.1 | 14.1 | 21.2 | -2.4% |
| Total | 126 | 73.2 | 154 | 97.4 | -8.2% |
Top Export Markets for Clock Movements; Complete and Assembled from Turkey in 2022:
- Serbia (undefinedK units)
- Georgia (9.9K units)
- Germany (6.9K units)
- United Kingdom (2.4K units)
- Israel (2.2K units)
- Netherlands (1.1K units)
- Ukraine (1.0K units)
- Italy (0.4K units)
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