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Watchmaking industry 2017

04/10/2018

The situation of Swiss watch industry exports improved steadily in the course of 2017. In the end, their value fell just short of the 20 billion francs mark. They posted a result of 19.9 billion, up 2.7% against 2016. The trend stabilized in the first half (+0.3%), while the second saw substantial grow.

The value of wristwatch exports reached 18.8 billion francs, equivalent to 2.9% growth on 2016. For its part, the number of pieces continued to fall: 1.1 million fewer timepieces were exported (-4.3%) with a total of 24.3 million pieces. This was the lowest figure since the 2009 crisis. The decline in volumes was influenced by quartz watches which posted a fall of 7.4%. On the other hand, mechanical timepieces grew in terms of both value (+4.6%)
and number of pieces (+3.9%).

Asia (+4.8%), which generated one-half of all export sales, was the growth driver in 2017 thanks to a very good second half. Europe (+2.6%) saw more modest growth and slowed slightly, but remained an important player in the recovery. The United States failed to follow that same trend and depressed the ¬ gure for the whole American continent (-2.7%).

Source: Federation of the Swiss Watch Industry FH 2018

Watchmaking industry 2017

You can read the entire report by the Federation of the Swiss Watch Industry FH as a PDF.

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