{"id":6969,"date":"2025-02-07T04:20:30","date_gmt":"2025-02-07T04:20:30","guid":{"rendered":"https:\/\/goodwatchhk.com\/%e7%91%9e%e5%a3%ab%e9%90%98%e9%8c%b6%e5%b7%a5%e6%a5%ad%e8%81%af%e5%90%88%e6%9c%83fh2024%e5%b9%b412%e6%9c%88%e5%87%ba%e5%8f%a3%e5%b8%82%e5%a0%b4%e5%8b%95%e6%85%8b%e5%88%86%e6%9e%90\/"},"modified":"2025-02-07T05:56:02","modified_gmt":"2025-02-07T05:56:02","slug":"%e7%91%9e%e5%a3%ab%e9%90%98%e9%8c%b6%e5%b7%a5%e6%a5%ad%e8%81%af%e5%90%88%e6%9c%83fh2024%e5%b9%b412%e6%9c%88%e5%87%ba%e5%8f%a3%e5%b8%82%e5%a0%b4%e5%8b%95%e6%85%8b%e5%88%86%e6%9e%90","status":"publish","type":"post","link":"https:\/\/goodwatchhk.com\/en\/%e7%91%9e%e5%a3%ab%e9%90%98%e9%8c%b6%e5%b7%a5%e6%a5%ad%e8%81%af%e5%90%88%e6%9c%83fh2024%e5%b9%b412%e6%9c%88%e5%87%ba%e5%8f%a3%e5%b8%82%e5%a0%b4%e5%8b%95%e6%85%8b%e5%88%86%e6%9e%90\/","title":{"rendered":"Analysis of Export Market Dynamics in December 2024 by the Federation of the Swiss Watch Industry (FH)"},"content":{"rendered":"\n<p><strong>November Watch Market Review<\/strong><br \/><a href=\"https:\/\/goodwatchhk.com\/%e7%91%9e%e5%a3%ab%e9%90%98%e9%8c%b6%e5%b7%a5%e6%a5%ad%e8%81%af%e5%90%88%e6%9c%83fh2024%e5%b9%b411%e6%9c%88%e5%87%ba%e5%8f%a3%e5%b8%82%e5%a0%b4%e5%8b%95%e6%85%8b%e5%88%86%e6%9e%90\/\"><em><strong>Click here for November Analysis<\/strong><\/em><\/a><\/p>\n<div class=\"mceTemp\"><span style=\"font-size: 20.16px;\">Swiss watch exports saw a significant decline in December 2024<\/span><\/p>\n<p><strong>In December 2024, Swiss watch exports experienced a notable contraction, declining by 5.4%, with a total value of<\/strong> <strong>$2.207 billion<\/strong> **(approximately 2 billion Swiss francs).** This brings the total export value for the entire year of 2024 to <strong>$28.66 billion<\/strong> <strong>(approximately 25.9 billion Swiss francs), a decrease of 2.8% compared to 2023.<\/strong><\/p>\n<p><a href=\"https:\/\/goodwatchhk.com\/wp-content\/uploads\/2025\/02\/FHS-Nov.24report-528x400.jpg\"><img decoding=\"async\" class=\"size-medium wp-image-6965\" src=\"https:\/\/goodwatchhk.com\/wp-content\/uploads\/2025\/02\/FHS-Nov.24report-528x400.jpg\" alt=\"Swiss Watch\" width=\"528\" height=\"400\" srcset=\"https:\/\/goodwatchhk.com\/wp-content\/uploads\/2025\/02\/FHS-Nov.24report-528x400.jpg 528w, https:\/\/goodwatchhk.com\/wp-content\/uploads\/2025\/02\/FHS-Nov.24report-247x187.jpg 247w, https:\/\/goodwatchhk.com\/wp-content\/uploads\/2025\/02\/FHS-Nov.24report-510x387.jpg 510w, https:\/\/goodwatchhk.com\/wp-content\/uploads\/2025\/02\/FHS-Nov.24report.jpg 674w\" sizes=\"(max-width: 528px) 100vw, 528px\" \/><\/a><\/p>\n<hr \/>\n<h3>Main Data Analysis<\/h3>\n<h4>1. <strong>Product Categories<\/strong><\/h4>\n<ul>\n<li><strong>Wristwatches<\/strong>: Export volume decreased by 5.0%, with a value of <strong>$2.164 billion<\/strong> <strong>(approximately 1.956 billion Swiss francs)<\/strong>.<\/li>\n<li><strong>Other Products<\/strong>: Export volume decreased significantly by 13.7%.<\/li>\n<\/ul>\n<hr \/>\n<h4>2. <strong>Material Classification<\/strong><\/h4>\n<ul>\n<li><strong>Steel Watches<\/strong>: Value decreased by 5.9%, continuing to impact overall performance, with a value of <strong>$703 million<\/strong> <strong>(approximately 635 million Swiss francs)<\/strong>.<\/li>\n<li><strong>Bimetal Watches<\/strong>: Value decreased significantly by 10.3%, with a value of <strong>$338 million<\/strong> <strong>(approximately 306 million Swiss francs)<\/strong>.<\/li>\n<li><strong>Precious Metal Watches<\/strong>: Value decreased by 3.4%, with a value of <strong>$881 million<\/strong> <strong>(approximately 796 million Swiss francs)<\/strong>.<\/li>\n<\/ul>\n<hr \/>\n<h4>3. <strong>Price Range<\/strong><\/h4>\n<ul>\n<li><strong>$200-500<\/strong>: Value decreased by 13.2%, the largest drop.<\/li>\n<li><strong>Below $200<\/strong>: Value decreased by 5.9%.<\/li>\n<li><strong>Above $3,000<\/strong>: Value decreased by 5.3%.<\/li>\n<li><strong>$500-3,000<\/strong>: Performance remained relatively stable, with only a 1.8% decrease.<\/li>\n<\/ul>\n<hr \/>\n<h4>4. <strong>Main Markets<\/strong><\/h4>\n<ul>\n<li><strong>United States<\/strong>: Slight decline of 1.0%, marking the first decrease in six months, with a value of <strong>$382 million<\/strong> <strong>(approximately 346 million Swiss francs)<\/strong>.<\/li>\n<li><strong>Hong Kong<\/strong>: Decreased by 6.4%, with a smaller drop compared to previous months, with a value of <strong>$176 million<\/strong> <strong>(approximately 159 million Swiss francs)<\/strong>.<\/li>\n<li><strong>China<\/strong>: Decreased significantly by 19.0%, continuing to show weak performance, with a value of <strong>$167 million<\/strong> <strong>(approximately 151 million Swiss francs)<\/strong>.<\/li>\n<li><strong>Japan<\/strong>: Decreased by 12.7%, influenced by the base effect, with a value of <strong>$152 million<\/strong> <strong>(approximately 138 million Swiss francs)<\/strong>.<\/li>\n<li><strong>United Arab Emirates<\/strong>: Slight increase of 0.6%, with a value of <strong>$150 million<\/strong> <strong>(approximately 136 million Swiss francs)<\/strong>.<\/li>\n<li><strong>United Kingdom<\/strong>: Increased by 5.8%, showing strong performance, with a value of <strong>$127 million<\/strong> <strong>(approximately 115 million Swiss francs)<\/strong>.<\/li>\n<\/ul>\n<hr \/>\n<h3>Conclusion<\/h3>\n<p>In December 2024, Swiss watch exports faced challenges in all aspects, from product categories to price ranges and main markets, with nearly all indicators showing a downward trend. Nevertheless, some markets, such as the United Arab Emirates and the United Kingdom, still show potential for growth.<\/p>\n<p><strong>Exchange Rate Conversion<\/strong>: 1 Swiss franc \u2248 $1.10 (as of December 2024 exchange rate)<br \/><strong>Data Source<\/strong>: <a href=\"http:\/\/www.fhs.hk\/scripts\/getstat.php?file=comm_241212_a.pdf\" target=\"_blank\" rel=\"noopener\">FH Swiss Watch Export Report<\/a><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":5,"featured_media":4409,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[694],"tags":[],"class_list":["post-6969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-reviews"],"uagb_featured_image_src":{"full":["https:\/\/goodwatchhk.com\/wp-content\/uploads\/2024\/07\/\u745e\u58eb\u9418\u9336\u5de5\u696d\u806f\u5408\u6703-2.png",360,199,false],"thumbnail":["https:\/\/goodwatchhk.com\/wp-content\/uploads\/2024\/07\/\u745e\u58eb\u9418\u9336\u5de5\u696d\u806f\u5408\u6703-2-280x199.png",280,199,true],"medium":["https:\/\/goodwatchhk.com\/wp-content\/uploads\/2024\/07\/\u745e\u58eb\u9418\u9336\u5de5\u696d\u806f\u5408\u6703-2.png",360,199,false],"medium_large":["https:\/\/goodwatchhk.com\/wp-content\/uploads\/2024\/07\/\u745e\u58eb\u9418\u9336\u5de5\u696d\u806f\u5408\u6703-2.png",360,199,false],"large":["https:\/\/goodwatchhk.com\/wp-content\/uploads\/2024\/07\/\u745e\u58eb\u9418\u9336\u5de5\u696d\u806f\u5408\u6703-2.png",360,199,false],"1536x1536":["https:\/\/goodwatchhk.com\/wp-content\/uploads\/2024\/07\/\u745e\u58eb\u9418\u9336\u5de5\u696d\u806f\u5408\u6703-2.png",360,199,false],"2048x2048":["https:\/\/goodwatchhk.com\/wp-content\/uploads\/2024\/07\/\u745e\u58eb\u9418\u9336\u5de5\u696d\u806f\u5408\u6703-2.png",360,199,false],"woocommerce_thumbnail":["https:\/\/goodwatchhk.com\/wp-content\/uploads\/2024\/07\/\u745e\u58eb\u9418\u9336\u5de5\u696d\u806f\u5408\u6703-2-247x137.png",247,137,true],"woocommerce_single":["https:\/\/goodwatchhk.com\/wp-content\/uploads\/2024\/07\/\u745e\u58eb\u9418\u9336\u5de5\u696d\u806f\u5408\u6703-2.png",360,199,false],"woocommerce_gallery_thumbnail":["https:\/\/goodwatchhk.com\/wp-content\/uploads\/2024\/07\/\u745e\u58eb\u9418\u9336\u5de5\u696d\u806f\u5408\u6703-2-100x100.png",100,100,true]},"uagb_author_info":{"display_name":"tse","author_link":"https:\/\/goodwatchhk.com\/en\/author\/wtse1986gmail-com\/"},"uagb_comment_info":0,"uagb_excerpt":null,"_links":{"self":[{"href":"https:\/\/goodwatchhk.com\/en\/wp-json\/wp\/v2\/posts\/6969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodwatchhk.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodwatchhk.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodwatchhk.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/goodwatchhk.com\/en\/wp-json\/wp\/v2\/comments?post=6969"}],"version-history":[{"count":2,"href":"https:\/\/goodwatchhk.com\/en\/wp-json\/wp\/v2\/posts\/6969\/revisions"}],"predecessor-version":[{"id":6972,"href":"https:\/\/goodwatchhk.com\/en\/wp-json\/wp\/v2\/posts\/6969\/revisions\/6972"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/goodwatchhk.com\/en\/wp-json\/wp\/v2\/media\/4409"}],"wp:attachment":[{"href":"https:\/\/goodwatchhk.com\/en\/wp-json\/wp\/v2\/media?parent=6969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodwatchhk.com\/en\/wp-json\/wp\/v2\/categories?post=6969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodwatchhk.com\/en\/wp-json\/wp\/v2\/tags?post=6969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}