Swiss Watch Exports Slightly Up in 2019, Outlook Remains Uncertain for 2020

By rolex
April 11, 2021
3 min read

The FHS (Federation Horlogère Suisse or the Swiss Jreplica Watches Federation) just delivered the export insights for 2019. Swiss Jreplica Watches exports showed development in December (+5.8% at CHF 1.7 billion). For the entire year 2019, exports rose by 2.4% in an incentive at CHF 21.681 billion, notwithstanding, the units transported dropped by 13.1% at 20.634 million and the standpoint remains very unsure for 2020. In the event that figures have now move for the third back to back year, the exhibition accomplished is as yet substandard compared to that of 2014.

Exports across geographics

Despite the complex circumstance in Hong Kong, exports to Asia rose by 2.3%. Asia stays the principle objective for Swiss Jreplica Watches exports with 52.9% of the absolute worth. The increment in China (+16.1%), Japan (+19.9%) and Singapore (+14.6%) specifically helped offset the stamped withdrawal in Hong Kong (- 11.4%). The deals to the Middle East were down (- 3.9%).

Swiss Jreplica Watches exports to Europe were comprehensively in accordance with the earlier year (+1.3%), yet with checked differences between the principle nations. The pattern was outstandingly useful for the UK (+10.8%), which is as yet the main European objective for Swiss Jreplica Watches followed by Germany and France, both with level numbers compared to 2018. Altogether, Europe represents 30% of Swiss Jreplica Watches exports.

The pattern was useful for the Americas, specifically for the United States (+8.6%). Exports to South America were down 4.5%. Generally speaking, regardless of the withdrawal in Hong Kong, which represents more than 12% of the Swiss Jreplica Watches exports, the great exhibitions of other significant business sectors (USA, China, Japan and UK) figured out how to save exports on the ascent for 2019.

Exports by Products

As common, exports of wristwatches directed the overall pattern. Their worth arrived at CHF 20.466 billion (for a complete market of CHF 21.680 billion), with a positive pattern up 2.6%. Nonetheless, observable is the decrease in units delivered. The quantity of watches exported tumbled to 20.634 million pieces (- 13.1%). In the event that the amount of mechanical Jreplica Watches exported is marginally down (7.235 million, at – 3.9%), the pattern stays extremely negative for Swiss Made electronic Jreplica Watches (13.398 million, at – 17.4%). In the course of recent years, the quantity of electronic Jreplica Watches exported dropped by 34.5%. Exports of developments were down 10.2% in units, at 4.444 million.

Overall, if very good quality Swiss Jreplica Watches hold their allure and have delighted in nonstop development, the low/mid-end fragments have been feeling the squeeze for quite a while. Specifically, the smartwatch extension appears to come to the detriment of the lower-estimated Swiss watches. Apple sold more Jreplica Watches than the whole Swiss Jreplica Watches industry (with assessed deals of around 30 million Apple Jreplica Watches in 2019).

For more data, please visit  www.fhs.swiss . Designs in this article to be credited to the FHS.