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Worldwide sales of Swiss watches down

  1. CanberraOmega

    CanberraOmega Rabbitohs and Whisky Supporter Jan 11, 2016

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    new figures on sales of Swiss watches around the world.
    (Taken from nick hacko)



    According to the Federation of the Swiss Watch Industry (FHS is an umbrella organisation for 500 Swiss watch manufacturers) 2015 total worldwide sales of watches are down 3.3% from 2014.
    This was predominately due to 23% less watches being sold in Hong Kong and 33% less sales in Russia.

    The markets which generated more profit than in 2014 were France, UK, Sweden, Austria and Netherlands.

    Australia is ranked 19th on the list of Swiss watchmakers with total sales of around AUD $280 million and massive growth of 15% since 2013. Looks like we are still doing just fine.

    [​IMG]
     
  2. CanberraOmega

    CanberraOmega Rabbitohs and Whisky Supporter Jan 11, 2016

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    hugo, constellationM, chickenman26 and 3 others like this.
  3. oddboy

    oddboy Zero to Grail+2998 In Six Months Jan 11, 2016

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    Yay, Canada!
     
    Baz9614 and OmegaRookie like this.
  4. Canuck Ω 1

    Canuck Jan 11, 2016

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    X2!
     
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  5. kov

    kov Trüffelschwein. Jan 11, 2016

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    -3.3% compared to an exceptional year isn't bad, or did I miss something?
     
  6. blufinz52 Ω 1

    blufinz52 Hears dead people, not watch rotors. Jan 11, 2016

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    Baz9614, OmegaRookie and oddboy like this.
  7. al128

    al128 unsolicited co-moderation giverer Jan 11, 2016

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    who would have guessed the 4th most important country for swiss watches? ...
     
  8. arkstfan

    arkstfan Jan 11, 2016

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    Interesting the growth in sales in the US 2013 to 2014 the half percent dip after that in 2015 ain't bad.
     
  9. dsio Ω 2

    dsio Ash @ ΩF Staff Member Jan 11, 2016

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    China and Hong Kong are really the reason its dropped, excluding that situation they've had a bumper year
     
  10. tyrantlizardrex

    tyrantlizardrex Jan 12, 2016

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    Russia down 34% as the money laundering laws catch up with them... London property will be the next thing to take a dip (at the very top end).
     
  11. Privateday7

    Privateday7 quotes Miss Universe Jan 12, 2016

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    Probably half of Singapore figure coming from Indonesia.........;)
     
  12. dsio Ω 2

    dsio Ash @ ΩF Staff Member Jan 12, 2016

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    Their currency tanking is likely the main thing, everything's gone up dramatically in price
     
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  13. DLT222 Ω 2

    DLT222 Double D @ ΩF Staff Member Jan 13, 2016

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    sales down...

    PRICES UP! That will work!
     
  14. hugo

    hugo Jan 13, 2016

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    large drop form HK,

    Did they buy apple watches instead?
     
  15. Riviera Paradise

    Riviera Paradise Jan 13, 2016

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    Surely HK sales are actually for the Chinese market (Chinese tourists / port of entry & distribution to the Chinese market), not just HK locals?
     
  16. STANDY Ω 1

    STANDY schizophrenic pizza orderer and watch collector Jan 13, 2016

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    My first ever watch came from my dads, bosses trip to Hong Kong. Has always been a watch buying stop over since the 80s. Still some of the biggest duty free stores in the world.

    Like the Caribbean is for cruise vessel passengers. The amount of dive watches that came out of the Caribbean in the early days would surprise you...
     
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  17. hugo

    hugo Jan 13, 2016

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    Yes I think so. And China on mainland sale also dropped as well. Chinese economy seem to be slow down
     
  18. Riviera Paradise

    Riviera Paradise Jan 13, 2016

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    You are bang on the money about HK being a prime watch tourist location, with no sales tax. Below a link to a great AblogToWatch article about HK watch shopping:
    http://www.ablogtowatch.com/hong-kong-watch-shopping-wonderland/
     
  19. ahsposo Ω 1

    ahsposo Most fun screen name at ΩF Jan 13, 2016

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    You've obviously never had a sales manager, have you?
     
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  20. E-diddy

    E-diddy Jan 13, 2016

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    does this analysis take into account vintage watches?