Swiss watch industry 2016-2016 numbers

Baselworld 2017, Press conference

Baselworld 2017, Press conference

3, 2, 1… we declare Baselworld 2017 opened. The international Watch fair starts with the traditional Press conference. After a 2016 business year quite tough for the Swiss watch industry, Everybody expects to see a better incoming year. Swiss Watch brands are ready to take the challenge.  Facing all difficulties there is only one answer: Innovate, Create and be brave. 2016, a battlefield with severe losses The environment confronting the Swiss watch industry remained dif cult throughout the year 2016. Swiss watch industry exports fell for the second year in succession. Their value stood at 19.4 billion francs, 9.9% lower than in 2015. With this result, the industry has returned to its 2011 level and seen an end to the growth of 15% achieved between 2011 and 2014. Here are some key interesting charts with details of how 2016 concluded. Representing two-thirds of export sales, watches priced at over 3,000 francs (export…