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The 2011 Import and Export Market for Battery-Powered Clocks with Watch Movements Excluding Instrument Panel Clocks in the United States

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On the demand side, exporters and strategic planners focusing on battery-powered clocks with watch movements excluding instrument panel clocks in the United States face a number of questions. Which countries are supplying battery-powered clocks with watch movements excluding instrument panel clocks to the United States? How important is the United States compared to others in terms of the entire global and regional market? How much do the imports of battery-powered clocks with watch movements excluding instrument panel clocks vary from one country of origin to another in the United States? On the supply side, the United States also exports battery-powered clocks with watch movements excluding instrument panel clocks. Which countries receive the most exports from the United States? How are these exports concentrated across buyers? What is the value of these exports and which countries are the largest buyers? This report was created for strategic planners, international marketing executives and import/export managers who are concerned with the market for battery-powered clocks with watch movements excluding instrument panel clocks in the United States. With the globalization of this market, managers can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics which appear several years after the fact. I have developed a methodology, based on macroeconomic and trade models, to estimate the market for battery-powered clocks with watch movements excluding instrument panel clocks for those countries serving the United States via exports, or supplying from the United States via imports. It does so for the current year based on a variety of key historical indicators and econometric models. In what follows, Chapter 2 begins by summarizing where the United States fits into the world market for imported and exported battery-powered clocks with watch movements excluding instrument panel clocks. The total level of impo

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									 The 2011 Import and Export
 Market for Battery-Powered
Clocks with Watch Movements
 Excluding Instrument Panel
  Clocks in the United States

                                         By
                         Professor Philip M. Parker, Ph. D.
                      Chaired Professor of Management Science
                    INSEAD (Singapore & Fontainebleau, France)




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                                About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.

Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.



                                 About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.



                               Acknowledgements
Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.



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                           About ICON Group Ltd.
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                                                               Contents        v


Table of Contents
1     INTRODUCTION AND METHODOLOGY                                         6
2     THE UNITED STATES AND THE WORLD MARKET                               8
    2.1        Imports in the United States in 2011                        8
    2.2        Exports from the United States in 2011                      8
3     IMPORTS IN THE UNITED STATES                                         9
    3.1      Asia                                                          9
       3.1.1   China                                                       9
       3.1.2   Hong Kong                                                  10
       3.1.3   Japan                                                      10
       3.1.4   Singapore                                                  11
       3.1.5   Taiwan                                                     11
    3.2      Europe                                                       11
       3.2.1   France                                                     11
       3.2.2   Germany                                                    12
       3.2.3   Ireland                                                    12
       3.2.4   Italy                                                      13
       3.2.5   Slovenia                                                   13
    3.3      Latin America                                                13
       3.3.1   Mexico                                                     13
4     EXPORTS FROM THE UNITED STATES                                      14
    4.1        Asia                                                       14
       4.1.1      Hong Kong                                               14
       4.1.2      Malaysia                                                14
    4.2        Europe                                                     15
       4.2.1      Ireland                                                 15
    4.3        Latin America                                              15
       4.3.1      Mexico                                                  15
    4.4        North America & the Caribbean                              16
       4.4.1      Canada                                                  16
    4.5        Oceana                                                     16
       4.5.1      Australia                                               16
    4.6        the Middle East                                            17
       4.6.1      Saudi Arabia                                            17
5     DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS              18
    5.1        Disclaimers & Safe Harbor                                  18
    5.2        ICON Group Ltd. User Agreement Provisions                  19




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Battery-Powered Clocks with Watch Movements Excluding Instrument Panel Clocks in the United States   6


1      INTRODUCTION AND METHODOLOGY
On the demand side, exporters and strategic planners focusing on battery-powered clocks with
watch movements excluding instrument panel clocks in the United States face a number of
questions. Which countries are supplying battery-powered clocks with watch movements
excluding instrument panel clocks to the United States? How important is the United States
compared to others in terms of the entire global and regional market? How much do the imports
of battery-powered clocks with watch movements excluding instrument panel clocks vary from
one country of origin to another in the United States? On the supply side, the United States also
exports battery-powered clocks with watch movements excluding instrument panel clocks.
Which countries receive the most exports from the United States? How are these exports
concentrated across buyers? What is the value of these exports and which countries are the
largest buyers?

This report was created for strategic planners, international marketing executives and
import/export managers who are concerned with the market for battery-powered clocks with
watch movements excluding instrument panel clocks in the United States. With the globalization
of this market, managers can no longer be contented with a local view. Nor can managers be
contented with out-of-date statistics which appear several years after the fact. I have developed a
methodology, based on macroeconomic and trade models, to estimate the market for battery-
powered clocks with watch movements excluding instrument panel clocks for those countries
serving the United States via exports, or supplying from the United States via imports. It does so
for the current year based on a variety of key historical indicators and econometric models.

In what follows, Chapter 2 begins by summarizing where the United States fits into the world
market for imported and exported battery-powered clocks with watch movements excluding
instrument panel clocks. The total level of imports and exports on a worldwide basis, and those
for the United States in particular, is estimated using a model which aggregates across over 150
key country markets and projects these to the current year. From there, each country represents a
percent of the world market. This market is served from a number of competitive countries of
origin. Based on both demand- and supply-side dynamics, market shares by country of origin are
then calculated across each country market destination. These shares lead to a volume of import
and export values for each country and are aggregated to regional and world totals. In doing so,
we are able to obtain maximum likelihood estimates of both the value of each market and the
share that the United States is likely to receive this year. From these figures, rankings are
calculated to allow managers to prioritize the United States compared to other major country
markets. In this way, all the figures provided in this report are forecasts that can be combined
with internal information sources for strategic planning purposes.

After the worldwide summary in Chapter 2 of both imports and exports of battery-powered
clocks with watch movements excluding instrument panel clocks, Chapter 3 goes into detail on
imports, but for each major country of origin serving the United States. A “major” market is
defined as a country where the United States represents a substantially large share of either


www.icongrouponline.com                                                        ©2011 ICON Group Ltd.
Battery-Powered Clocks with Watch Movements Excluding Instrument Panel Clocks in the United States   7

imports or exports. For each major country exporting to the United States, one can thus observe
how important the United States is to that exporting country compared to other countries of the
world. Chapter 4 does the same, but for exports of battery-powered clocks with watch
movements excluding instrument panel clocks originating from the United States, for each major
country of destination. In doing so, one can discover the share that the United States has in each
major market; this share value is often used as a measure of competitiveness for the United
States. In all cases, the total dollar volume and percentage share values by major trading partner
are provided. Combined, Chapters 3 and 4 present a the total picture for imports and exports of
battery-powered clocks with watch movements excluding instrument panel clocks to and from the
United States to and from all other major countries in the world. "Battery-Powered Clocks with
Watch Movements Excluding Instrument Panel Clocks" as a category is defined in this report
following the definition given by the United Nations Statistics Division Classification Registry
using the Standard International Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code
that defined "battery-powered clocks with watch movements excluding instrument panel clocks"
is 88572 . For more information on this definition, please refer to the following web site:
http://unstats.un.org/unsd/cr/registry/regcs.asp?Cl=14&Lg=1&Co=885 .

This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at www.icongrouponline.com.

Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular trade flows that would have occurred had these events not have taken place.




www.icongrouponline.com                                                        ©2011 ICON Group Ltd.
Battery-Powered Clocks with Watch Movements Excluding Instrument Panel Clocks in the United States      8


2       THE UNITED STATES AND THE WORLD MARKET
2.1         IMPORTS IN THE UNITED STATES IN 2011
    Imported Battery-Powered Clocks with Watch Movements Excluding Instrument
                        Panel Clocks in the United States, 2011
                              (Structure of Foreign Import Competition)

Country of Origin             Rank         Value (000 US$)              % Share        Cumulative %
_________________________________________________________________________________________________________
China                             1                     8,077               69.01                 69.01
Japan                             2                     2,561               21.88                 90.89
Ireland                           3                       402                3.43                 94.33
Hong Kong                         4                       314                2.68                 97.01
Singapore                         5                       118                1.01                 98.02
Taiwan                            6                        93                0.79                 98.81
Slovenia                          7                        48                0.41                 99.22
Germany                           8                        34                0.29                 99.51
Italy                             9                        30                0.26                 99.77
France                           10                        26                0.22                 99.99
Mexico                           11                         1                0.01                100.00
Total                                                  11,704              100.00                100.00
_________________________________________________________________________________________________________
     Source: Philip M. PARKER, Professor, INSEAD, copyright 2011, www.icongrouponline.com



2.2         EXPORTS FROM THE UNITED STATES IN 2011
     Battery-Powered Clocks with Watch Movements Excluding Instrument Panel
                     Clocks Exports from the United States, 2011
Country of Destination        Rank         Value (000 US$)              % Share        Cumulative %
_________________________________________________________________________________________________________
Canada                             1                      118               30.57                 30.57
Australia                          2                      113               29.27                 59.84
Ireland                            3                       99               25.65                 85.49
Hong Kong                          4                       25                6.48                 91.97
Malaysia                           5                       23                5.96                 97.93
Mexico                             6                        5                1.30                 99.22
Saudi Arabia                       7                        3                0.78                100.00
Total                                                     386              100.00                100.00
_________________________________________________________________________________________________________
     Source: Philip M. PARKER, Professor, INSEAD, copyright 2011, www.icongrouponline.com




www.icongrouponline.com                                                          ©2011 ICON Group Ltd.
Battery-Powered Clocks with Watch Movements Excluding Instrument Panel Clocks in the United States      9


3       IMPORTS IN THE UNITED STATES
3.1         ASIA
3.1.1          China
    Battery-Powered Clocks with Watch Movements Excluding Instrument Panel
                         Clocks Exports from China, 2011
Country of Destination        Rank         Value (000 US$)              % Share        Cumulative %
____________
								
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