Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hungary - 2023
Contents:
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hungary (FOB) - 2022
- Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hungary (CIF) - 2022
- Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hungary
- Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hungary
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hungary (FOB) - 2022
In 2022, the average export price for pocket watches and other watches, including stop-watches; battery or accumulator powereds amounted to $74 per unit, dropping by -16.1% against the previous year. Overall, the export price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 627% against the previous year. As a result, the export price reached the peak level of $88 per unit, and then fell markedly in the following year.
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 Serbia ($282 per unit), while the average price for exports to Germany ($4.7 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 Serbia (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hungary (CIF) - 2022
The average import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds stood at $3.7 per unit in 2022, shrinking by -20.3% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pocket watches and other watches, including stop-watches; battery or accumulator powereds decreased by -51.4% against 2017 indices. The pace of growth appeared the most rapid in 2013 an increase of 87%. Over the period under review, average import prices hit record highs at $7.6 per unit in 2017; however, from 2018 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 Germany ($6.5 per unit), while the price for Thailand ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hungary
In 2022, the amount of pocket watches and other watches, including stop-watches; battery or accumulator powereds exported from Hungary surged to 5K units, with an increase of 20% against the year before. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 361% against the previous year. As a result, the exports reached the peak of 10K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of pocket watches and other watches, including stop-watches; battery or accumulator powereds reached $370K in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 192%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 0.2 | 2.7 | 244 | 323 | 1073.3% |
| France | 3.1 | N/A | 31.3 | 14.5 | 67.2% |
| Germany | N/A | N/A | N/A | 14.4 | 0% |
| Czech Republic | N/A | N/A | 10.1 | 7.8 | -22.8% |
| Romania | 3.3 | 7.6 | 26.5 | 4.5 | 10.9% |
| Slovakia | 2.8 | 104 | 3.2 | 2.3 | -6.3% |
| Italy | 21.3 | N/A | N/A | 0.9 | -65.2% |
| Croatia | 0.7 | 2.9 | 1.8 | 0.2 | -34.1% |
| Poland | N/A | N/A | 37.6 | N/A | 0% |
| Netherlands | 51.7 | N/A | N/A | N/A | 0% |
| Others | 0.8 | 8.7 | 12.4 | 2.2 | 40.1% |
| Total | 83.9 | 126 | 367 | 370 | 64.0% |
Top Export Markets for Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered from Hungary in 2022:
- Germany (3092.0 units)
- Serbia (1147.0 units)
- Slovakia (257.0 units)
- France (180.0 units)
- Czech Republic (162.0 units)
- Romania (73.0 units)
- Croatia (32.0 units)
- Italy (12.0 units)
Imports of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hungary
For the third year in a row, Hungary recorded decline in supplies from abroad of pocket watches and other watches, including stop-watches; battery or accumulator powereds, which decreased by -16.2% to 40K units in 2022. In general, imports continue to indicate a drastic downturn. The smallest decline of -8.8% was in 2021. Over the period under review, imports of reached the peak figure at 71K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of pocket watches and other watches, including stop-watches; battery or accumulator powereds dropped dramatically to $147K in 2022. Over the period under review, imports continue to indicate a dramatic decrease. The smallest decline of -6.2% was in 2021. Over the period under review, imports of hit record highs at $357K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 71.4 | 119 | 138 | 88.3 | 7.3% |
| Poland | 51.0 | 19.1 | 23.6 | 22.0 | -24.4% |
| France | 0.8 | 5.8 | 9.6 | 6.8 | 104.1% |
| Spain | 13.0 | 5.3 | 5.4 | 4.2 | -31.4% |
| Austria | 75.9 | 40.0 | 3.0 | 1.5 | -73.0% |
| Thailand | N/A | N/A | N/A | 0.2 | 0% |
| Hong Kong SAR | 51.3 | N/A | N/A | N/A | 0% |
| Others | 93.9 | 45.6 | 39.9 | 23.9 | -36.6% |
| Total | 357 | 234 | 220 | 147 | -25.6% |
Top Suppliers of Pocket Watches and Other Watches, Including Stop-Watches; Battery or Accumulator Powered to Hungary in 2022:
- China (30.3K units)
- Poland (4.8K units)
- France (1.4K units)
- Thailand (1.3K units)
- Spain (0.9K units)
- Austria (0.1K units)
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