Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Mexico - 2023
Contents:
- Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Mexico (CIF) - 2023
- Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Mexico (FOB) - 2022
- Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Mexico
- Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Mexico
Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Mexico (CIF) - 2023
The average import price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $3.7 per unit in August 2023, dropping by -38.6% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $6.0 per unit in July 2023, and then dropped notably in the following month.
As there is only one major supplying country, the average price level is determined by prices for China.
From April 2023 to August 2023, the rate of growth in terms of prices for China amounted to +0.3% per month.
Price for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Mexico (FOB) - 2022
The average export price for clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds stood at $3.4 per unit in 2022, reducing by -37.4% against the previous year. Over the period under review, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 62%. As a result, the export price attained the peak level of $18 per unit. From 2019 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Guatemala.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +38.2% per year.
Imports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Mexico
In 2022, supplies from abroad of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds increased by 9.7% to 59K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a perceptible curtailment. Imports peaked at 64K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds reduced notably to $193K in 2022. Overall, imports, however, continue to indicate a significant decline. The smallest decline of -42.9% was in 2020. Over the period under review, imports of hit record highs at $1.8M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,567 | 925 | 490 | 193 | -50.2% |
| United States | 140 | 45.5 | 2.9 | N/A | -85.6% |
| Others | 109 | 66.7 | 100 | N/A | -4.2% |
| Total | 1,816 | 1,038 | 593 | 193 | -52.6% |
Top Suppliers of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered to Mexico in 2022:
- China (59.4K units)
Exports of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Mexico
In 2022, approx. 1.4K units of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds were exported from Mexico; reducing by -30.1% compared with the previous year. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 546%. As a result, the exports reached the peak of 2K units, and then declined sharply in the following year.
In value terms, exports of clocks; with watch movements, excluding instrument panel clocks, battery or accumulator powereds dropped remarkably to $4.7K in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 470%. As a result, the exports reached the peak of $11K, and then dropped markedly in the following year.
| Export of Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | N/A | N/A | 0.1 | 4.7 | 4600.0% |
| Australia | 0.4 | 0.3 | 1.3 | N/A | 80.3% |
| Switzerland | 1.9 | 1.5 | 8.2 | N/A | 107.7% |
| Others | 0.2 | 0.2 | 1.1 | N/A | 134.5% |
| Total | 2.5 | 1.9 | 10.7 | 4.7 | 23.4% |
Top Export Markets for Clocks; with Watch Movements, Excluding Instrument Panel Clocks, Battery or Accumulator Powered from Mexico in 2022:
- Guatemala (1.4K units)
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