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piratepress · Today, 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 · Today, 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 · Today, 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 · Today, 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 · Today, 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 · Today, 11:21 AM

thx Paul.

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

wm82 · Today, 06:58 PM

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

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

Today, 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

Today, 10:10 AM	#4
0nly5iv3Digits "TRF" Member Join Date: Apr 2015 Location: CANADA Watch: Got a Few :) Posts: 483	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

Today, 11:00 AM	#5
77T 2024 ROLEX DATEJUST41 Pledge Member Join Date: Dec 2010 Real Name: PaulG Location: Georgia Posts: 40,691	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?

Today, 11:21 AM	#6
enjoythemusic 2024 Pledge Member Join Date: Nov 2012 Real Name: Steven Location: Glocal Posts: 19,405	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.

Today, 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! :)

Today, 08:47 AM	#2
CJ4189 "TRF" Member Join Date: Apr 2024 Location: Newport Posts: 8	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.

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