Price for Watch Cases and Parts Thereof in Panama - 2023

Contents:

1. Price for Watch Cases and Parts Thereof in Panama (CIF) - 2022
2. Imports of Watch Cases and Parts Thereof in Panama

Price for Watch Cases and Parts Thereof in Panama (CIF) - 2022

In 2022, the average import price for watch cases and parts thereoves amounted to $385 per unit, jumping by 239% against the previous year. In general, the import price showed a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($419 per unit), while the price for China ($203 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Watch Cases and Parts Thereof in Panama

In 2022, the amount of watch cases and parts thereoves imported into Panama contracted remarkably to 13 units, declining by -51.9% on 2021. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 93% against the previous year. As a result, imports attained the peak of 27 units, and then dropped dramatically in the following year.

In value terms, watch cases and parts thereof imports surged to $5K in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 231% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Watch Cases and Parts Thereof to Panama in 2022:

1. Switzerland (10.0 units)
2. China (2.0 units)
3. United States (1.0 units)

Source: IndexBox Market Intelligence Platform