Price for Clock or Watch Parts; Dials in Singapore - 2022

Contents:

1. Price for Clock or Watch Parts; Dials in Singapore (FOB) - 2022
2. Exports of Clock or Watch Parts; Dials in Singapore

Price for Clock or Watch Parts; Dials in Singapore (FOB) - 2022

The average export price for clock or watch parts; dialses stood at $380 per unit in 2022, shrinking by -6% against the previous year. Over the period under review, the export price showed a deep setback. The pace of growth appeared the most rapid in 2018 an increase of 73% against the previous year. Over the period under review, the average export prices reached the maximum at $809 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($538 per unit), while the average price for exports to Fiji ($70 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 Indonesia (+30.9%), while the prices for the other major destinations experienced mixed trend patterns.

Exports of Clock or Watch Parts; Dials in Singapore

Clock or watch parts; dials exports from Singapore surged to 161 units in 2022, jumping by 17% compared with 2021 figures. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, clock or watch parts; dials exports rose rapidly to $61K in 2022. Overall, exports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of 132%. The exports peaked at $63K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Clock or Watch Parts; Dials from Singapore in 2022:

1. Malaysia (70.0 units)
2. Fiji (32.0 units)
3. Thailand (28.0 units)
4. Switzerland (7.0 units)
5. Japan (6.0 units)
6. United Kingdom (5.0 units)
7. Indonesia (4.0 units)

Source: IndexBox Market Intelligence Platform