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piratepress · 19 April 2024, 08:42 AM

"After more than two years of growth, Swiss Watch exports are declining. According to a report from the Federation of the Swiss Watch Industry, exports experienced a sharp decline in March, falling 16% compared to March 2023."

https://hypebeast.com/2024/4/swiss-w...decline-report

CJ4189 · 19 April 2024, 08:47 AM

What exactly will this mean for the US market? Seems like there is still a high demand for watches. With fewer exports you will have less watches so could potentially drive prices higher? Less supply, more demand?
I could be completely wrong.

Goldielox · 19 April 2024, 09:29 AM

Quote:

Originally Posted by CJ4189

What exactly will this mean for the US market? Seems like there is still a high demand for watches. With fewer exports you will have less watches so could potentially drive prices higher? Less supply, more demand?
I could be completely wrong.

The article indicates that exports have dropped due to sales…not the other way around.

0nly5iv3Digits · 19 April 2024, 10:10 AM

Yep. Pretty much everyone in the industry has admitted to it, including Rolex. Global economy is in a precarious position... not in the least bit surprising to me.

77T · 19 April 2024, 11:00 AM

I encourage everyone to read the full report. Because of 2023's record growth in Swiss exports, even a normal March 2024 sales volume would look lower.

Hypebeast didn't analyze effectively.

Consider this:

That was the whole year for 2023.

If you'd like to see the source data for 2023 click here > https://www.fhs.swiss/pdf/communique_230112_a.pdf

If you want the most recent data underlying the Hypebeast story, click here > https://www.fhs.swiss/eng/statistics.html

Sent from my iPhone using Tapatalk Pro

enjoythemusic · 19 April 2024, 11:21 AM

thx Paul.

Do look forward to more TRF members 'getting the call' they've been waiting for.

wm82 · 19 April 2024, 06:58 PM

https://twitter.com/INArteCarloDoss/...fHEp13bKg&s=19

Not looking great for the industry atm!
Don't overpay at the grays, guys! :)

Batmannr1 · 20 April 2024, 09:26 PM

Watch export sales to China and Hong Kong -40% compared to March 2023.
The downturn is global now. All main markets are in decline.
2024 is a difficult year for the watch industry. Especially for those manufacturers with a large footprint in the Chinese regions.

1William · 20 April 2024, 10:52 PM

I enjoy data and try to examine things for now and project into the future. The challenge with a lot of data is that the data used is too short on the time line. I believe that the watch industry is always in flux and depending on how you examine it you can draw different conclusions. Much of the data is on units shipped and sold. The hidden is profitability on units sold. Sell less watches, make more money is a viable discussion. We will see.

19 April 2024, 08:42 AM	#1
piratepress "TRF" Member Join Date: Mar 2016 Location: Mobile, AL Watch: BLNR Posts: 744	Swiss Watch Exports Are Declining "After more than two years of growth, Swiss Watch exports are declining. According to a report from the Federation of the Swiss Watch Industry, exports experienced a sharp decline in March, falling 16% compared to March 2023." https://hypebeast.com/2024/4/swiss-w...decline-report

19 April 2024, 10:10 AM	#4
0nly5iv3Digits "TRF" Member Join Date: Apr 2015 Location: CANADA Watch: Got a Few :) Posts: 524	Yep. Pretty much everyone in the industry has admitted to it, including Rolex. Global economy is in a precarious position... not in the least bit surprising to me. __________________ ♛16570 Polar/♛16710/♛16610LN/♛116520 White Dial ♛16610LV/♛116710LN/♛126200/Hamilton Khaki Field Mechanical 38mm (WHITE) “UNpolished or I’m not interested” 😎 2FA Enabled

19 April 2024, 11:00 AM	#5
77T 2024 ROLEX DATEJUST41 Pledge Member Join Date: Dec 2010 Real Name: PaulG Location: Georgia Posts: 40,789	Swiss Watch Exports Are Declining I encourage everyone to read the full report. Because of 2023's record growth in Swiss exports, even a normal March 2024 sales volume would look lower. Hypebeast didn't analyze effectively. Consider this: That was the whole year for 2023. If you'd like to see the source data for 2023 click here > https://www.fhs.swiss/pdf/communique_230112_a.pdf If you want the most recent data underlying the Hypebeast story, click here > https://www.fhs.swiss/eng/statistics.html Sent from my iPhone using Tapatalk Pro __________________ Does anyone really know what time it is?

19 April 2024, 11:21 AM	#6
enjoythemusic 2024 Pledge Member Join Date: Nov 2012 Real Name: Steven Location: Glocal Posts: 19,516	thx Paul. Do look forward to more TRF members 'getting the call' they've been waiting for. __________________ __________________ “Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming 'Wow! What a Ride!'” -- Hunter S. Thompson Sent from my Etch A Sketch using String Theory.

19 April 2024, 06:58 PM	#7
wm82 "TRF" Member Join Date: Sep 2012 Location: sweden Posts: 112	Swiss watch exports plummeting https://twitter.com/INArteCarloDoss/...fHEp13bKg&s=19 Not looking great for the industry atm! Don't overpay at the grays, guys! :)

19 April 2024, 08:47 AM	#2
CJ4189 "TRF" Member Join Date: Apr 2024 Location: Newport Posts: 9	What exactly will this mean for the US market? Seems like there is still a high demand for watches. With fewer exports you will have less watches so could potentially drive prices higher? Less supply, more demand? I could be completely wrong.

20 April 2024, 09:26 PM	#8
Batmannr1 "TRF" Member Join Date: Aug 2018 Real Name: Martijn Location: Amsterdam Watch: On the left wrist Posts: 705	Swiss Watch Exports Are Declining Watch export sales to China and Hong Kong -40% compared to March 2023. The downturn is global now. All main markets are in decline. 2024 is a difficult year for the watch industry. Especially for those manufacturers with a large footprint in the Chinese regions.

20 April 2024, 10:52 PM	#9
1William 2024 ROLEX DATEJUST41 Pledge Member Join Date: Nov 2010 Location: North Carolina Watch: Rolex/Others Posts: 44,843	I enjoy data and try to examine things for now and project into the future. The challenge with a lot of data is that the data used is too short on the time line. I believe that the watch industry is always in flux and depending on how you examine it you can draw different conclusions. Much of the data is on units shipped and sold. The hidden is profitability on units sold. Sell less watches, make more money is a viable discussion. We will see.

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