Wall Clocks Prices in China

China Wall Clocks Export Price in August 2022

In August 2022, the wall clocks price stood at $11.7 per unit (FOB, China), picking up by 4.4% against the previous month. Over the last seven-month period, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in May 2022 when the average export price increased by 9% m-o-m. Over the period under review, the average export prices reached the maximum in August 2022.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($20.9 per unit), while the average price for exports to France ($7.0 per unit) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

China Wall Clocks Export Prices by Type

Average prices varied noticeably for the major types of exported product. In August 2022, the product with the highest price was clocks, other than watches, wall clocks and instrument panel clocks ($11.7 per unit), while the average price for exports of clocks; with watch movements, excluding clocks of heading no. 9104 stood at $9.5 per unit.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for the following types: clocks, other than watches, wall clocks and instrument panel clocks (+1.9%).

China Wall Clocks Exports

In August 2022, shipments abroad of wall clocks decreased by -11.9% to 6.8M units, falling for the third month in a row after three months of growth. Over the period under review, exports showed a abrupt decrease. The growth pace was the most rapid in March 2022 when exports increased by 30% month-to-month. Over the period under review, the exports attained the peak figure at 10M units in January 2022; however, from February 2022 to August 2022, the exports stood at a somewhat lower figure.

In value terms, wall clocks exports fell to $80M (IndexBox estimates) in August 2022. In general, exports showed a noticeable reduction. The pace of growth was the most pronounced in March 2022 with an increase of 33% month-to-month. The exports peaked at 104M units in January 2022; however, from February 2022 to August 2022, the exports remained at a lower figure.

China Wall Clocks Exports by Type

Clocks, other than watches, wall clocks and instrument panel clocks (6.8M units) was the largest type of wall clocks exported from China, accounting for a 99% share of total exports. It was followed by clocks; with watch movements, excluding clocks of heading no. 9104 (40K units), with a 0.6% share of total exports.

From January 2022 to August 2022, the average monthly rate of growth in terms of the volume of export of clocks, other than watches, wall clocks and instrument panel clocks totaled -5.6%.

In value terms, clocks, other than watches, wall clocks and instrument panel clocks ($79M) remains the largest type of wall clocks exported from China, comprising 100% of total exports. The second position in the ranking was taken by clocks; with watch movements, excluding clocks of heading no. 9104 ($383K), with a 0.5% share of total exports.

From January 2022 to August 2022, the average monthly rate of growth in terms of the export volume of clocks, other than watches, wall clocks and instrument panel clocks totaled -3.8%.

China Wall Clocks Exports by Country

The United States (1.3M units) was the main destination for wall clocks exports from China, with a 19% share of total exports. Moreover, wall clocks exports to the United States exceeded the volume sent to the second major destination, Japan (512K units), threefold. The third position in this ranking was held by Germany (380K units), with a 5.6% share.

From January 2022 to August 2022, the average monthly rate of growth in terms of volume to the United States amounted to -8.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (-5.2% per month) and Germany (-4.7% per month).

In value terms, the largest markets for wall clocks exported from China were the United States ($17M), Japan ($11M) and the Netherlands ($4.8M), with a combined 41% share of total exports. Germany, South Korea, the UK, Singapore, the Philippines, Malaysia, France, Australia, Thailand and Russia lagged somewhat behind, together comprising a further 30%.

Among the main countries of destination, Singapore, with a CAGR of +22.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.