January 30, 2025|
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|10 months agoSwiss Watch Industry Faces Sharp Decline with 2.8% Export Drop in 2024
Swiss watch exports fell by 2.8% to CHF25.9 billion in 2024, with December showing a concerning 5.4% decline, marking significant challenges for the luxury timepiece sector.
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Generated IllustrationKey Takeaways
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- Swiss watch exports declined by 2.8% to CHF25.9 billion in 2024
- Annual export volumes fell by 9.4% to 15.3 million pieces
- Steel watches exports declined by 7.0% in 2024
- December 2024 showed a 5.4% decline in exports to CHF1.96 billion
By The Numbers
2.8%
Annual export decline
CHF25.9 billion
Total export value
19.0%
Decline in Chinese market
13.2%
Decline in CHF200-500 price segment
They Said
"All price segments recorded declines"