Price for Watches; Incomplete Movements, Assembled in Morocco - 2022

Price for Watches; Incomplete Movements, Assembled in Morocco (CIF) - 2022

The average watches; incomplete movements, assembled import price stood at $14 per unit in 2022, declining by -33.7% against the previous year. In general, the import price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2019 an increase of 102%. As a result, import price reached the peak level of $21 per unit. From 2020 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($21 per unit), while the price for China stood at $1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (-1.0%).

Imports of Watches; Incomplete Movements, Assembled in Morocco

In 2022, imports of watches; incomplete movements, assembleds into Morocco expanded remarkably to 104 units, picking up by 14% compared with the year before. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 94% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, watches; incomplete movements, assembled imports dropped rapidly to $1.4K in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 94% against the previous year. As a result, imports attained the peak of $1.9K, and then declined remarkably in the following year.