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Dec 13, 2024

In 2023, U.S. Imports of Wall Clocks Drop 34% to $122 Million

U.S. Wall Clocks Imports

In 2023, approx. 31M units of wall clocks were imported into the United States; with a decrease of -28.4% against the year before. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 6.6%. Over the period under review, imports reached the maximum at 64M units in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, wall clocks imports contracted notably to $122M (IndexBox estimates) in 2023. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Imports peaked at $253M in 2016; however, from 2017 to 2023, imports remained at a lower figure.U.S. Wall Clocks Imports By Country (Million USD)

COUNTRYImport Value of Wall Clocks in U.S. (million USD)
20132014201520162017201820192020202120222023
China21720521620921921320514817215596.1
Switzerland5.43.66.512.37.45.57.14.38.15.37.7
Canada0.50.70.40.50.80.60.81.11.11.93.9
Thailand5.60.10.110.57.87.57.55.08.19.53.9
Germany4.75.74.74.64.74.53.53.74.94.53.9
Others11.511.515.516.312.618.010.47.18.29.06.1
Total244227243253252249234169202185122

Imports by Country

In 2023, China (30M units) was the main wall clocks supplier to the United States, accounting for a 97% share of total imports. It was followed by Thailand (201K units), with a 0.7% share of total imports. Germany (97K units) ranked third in terms of total imports with a 0.3% share.

From 2013 to 2023, the average annual rate of growth in terms of volume from China stood at -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-2.4% per year) and Germany (+3.7% per year).

In value terms, China ($96M) constituted the largest supplier of wall clocks to the United States, comprising 79% of total imports. The second position in the ranking was taken by Switzerland ($7.7M), with a 6.4% share of total imports. It was followed by Canada, with a 3.2% share.

From 2013 to 2023, the average annual rate of growth in terms of value from China amounted to -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+3.7% per year) and Canada (+22.7% per year).

Imports by Type

In 2023, clocks, other than watches, wall clocks and instrument panel clocks (30M units) was the main type of wall clocks supplied to the United States, accounting for a 98% share of total imports. It was followed by clocks; with watch movements, excluding clocks of heading no. 9104 (638K units), with a 2.1% share of total imports.

From 2013 to 2023, the average annual growth rate of the volume of clocks, other than watches, wall clocks and instrument panel clocks imports totaled -7.0%.

In value terms, clocks, other than watches, wall clocks and instrument panel clocks ($119M) constituted the largest type of wall clocks supplied to the United States, comprising 97% of total imports. The second position in the ranking was held by clocks; with watch movements, excluding clocks of heading no. 9104 ($3M), with a 2.5% share of total imports.

Import Prices by Country

In 2023, the wall clocks price stood at $3.9 per unit (CIF, US), falling by -8.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 12% against the previous year. Over the period under review, average import prices reached the maximum at $4.6 per unit in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2013 to 2023, the rate of growth in terms of prices for China amounted to -0.8% per year.

Source: IndexBox Market Intelligence Platform

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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