Swiss Watch Exports Continue to Fall in November While U.S. Stays ...

6 days ago · Total exports of timepieces reached 2.41 billion Swiss francs ($2.67 billion) in value, down 3.8% compared with the same month last year, according to data from the Federation of …

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Swiss Watch Exports Continue To Fall In November While U.S. Stays ...

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6 days ago · Total exports of timepieces reached 2.41 billion Swiss francs ($2.67 billion) in value, down 3.8% compared with the same month last year, according to data from the Federation of …

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Swiss Watch Exports Fall Again Amid Plummeting Demand In China

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Nov 19, 2024 · Exports of Swiss timepieces and watch movements declined 2.8% overall to about 2.3 billion Swiss francs ($2.6 billion) in value, with China’s imports down 39%, the Federation …

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Swiss Watch Exports Decline 3.8% Globally In November, With …

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The latest data from the Federation of the Swiss Watch Industry (FHS) indicates that in November 2024, Swiss watch exports fell by 3.8% year-on-year to CHF 2.406 billion, marking a slight …

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Swiss Watch Exports Drop 3.8% In November

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6 days ago · News business : Swiss watch exports declined by 3.8% year-on-year in November to CHF2.4 billion Swiss (€2.5 billion), with nearly all top 10 markets experiencing declines, except …

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Swiss Watch Exports Decline In November While U.S. Market Shows …

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5 days ago · Swiss watch exports fell 3.8% in November, totaling 2.41 billion Swiss francs ($2.67 billion). This decline follows a trend in the luxury market, driven by poor sales in China and …

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Swiss Watch Exports Hit New Record In November - PressReader

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Dec 20, 2023 · Total exports of watches in the month hit nearly 2.5 billion Swiss francs, or $2.88 billion, the Federation of the Swiss watch industry said Tuesday. While monthly growth had …

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FAQs about Swiss Watch Exports Continue to Fall in November While U.S. Stays ... Coupon?

How much do Swiss watch exports cost?

Total exports of timepieces reached 2.41 billion Swiss francs ($2.67 billion) in value, down 3.8% compared with the same month last year, according to data from the Federation of the Swiss Watch Industry, known as FH. ...

How did Swiss watch exports compare to October 2023?

All values are expressed as export prices, according to declarations made by the exporting firms. Swiss watch exports fell by 2.2% compared with October 2023, close to the trend seen since the start of the year. The sector shipped the equivalent of 2.3 billion francs abroad, taking the total for 10 months to over 21.5 billion. ...

Why did Swiss watches decline in November?

By Andrea Figueras Exports of Swiss watches continued to decline in November, following the downward trend of previous months and in line with a wider slowdown in the luxury industry. ...

Why did the Swiss watch industry go out of business?

The Swiss watch industry hit somewhat of a crisis in the early '80s combating a high cost to produce quartz watches and the rising popularity of electronic watches out of Asia. With factories dwindling, one Swiss company's introduction in 1983 would revitalize the watch industry as its front-runner. ...

Can the Swiss watch industry return to the global market?

At this time, the Swiss watch industry has completed its transformation. However, it is unable to regain its position in the global market due to the precision and cost-effectiveness of competitors like Japan's Seiko. ...

Where did watch prices go down?

Some smaller markets including South Korea, Spain and India reported positive figures, FH said. Watches in all price segments experienced declines, with those in the 500 to 3,000 Swiss francs segment recording the sharpest drop. Timepieces priced at more than 3,000 Swiss francs performed better, with almost stable export turnover. ...