Watch Market - Switzerland Remains the Undisputed Leader in Global Exports of Watches, with $22.9B

Switzerland continued its dominance in of the global watch trade. Its biggest trading partner was Hong Kong, where, in 2014 it supplied 18.5% of its total exports on the watch market into the Asian country, accounting for 50.4% of Hong Kong's total imports.

The global watch trade reached 42.6 billion USD, with a CAGR of 9.0% from 2007 to 2014. In physical terms, however, dropped sharply from 12.5 thousand tonnes in 2007 to 9.6 thousand tonnes in 2014.

In 2014, Hong Kong (24.2%), the U.S. (14.1%), France (8.2%), Japan (7.1%) and Germany (6.8%) were the leading destinations of watch imports, together making up 60.4% of global imports. In terms of destination market share, the share of Hong Kong increased significantly (+9% per year), while the share of the U.S. illustrated negative dynamics.

Switzerland and Hong Kong were the main global suppliers of watches in 2014 with a combined share of 70.4% of global exports. However, the fastest growing exporters from 2007 to 2014 were France (+14.5% per year) and the United Kingdom (+13.3% per year). Switzerland significantly strengthened its position in the global exports structure, from 3.6% in 2007 to 5.1% in 2014.

Do you want to know more about the global watch market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• watch market share
• watch prices
• watch industry
• watch sales
• watch market forecast
• watch price forecast
• key watch producers

Source: World: Watches - Market Report. Analysis and Forecast to 2020