High-end pieces and steel watches were the main exports, while China's appetite seems to wane as analysts warn of a slowdown in its luxury market growth.
the Federation of the Swiss Watch IndustryExports came in at 1.7 billion Swiss francs, or $1.84 billion at current exchange, a rise of 6.8 percent versus the same prior-year period. As of January, figures are once again being compared with the previous year, instead of 2019’s pre-pandemic levels., accounting for three quarters of the sector’s results, and the 4.6 percent increase in the total number of items exported, the FHS said.
High-end timepieces priced more than 500 Swiss francs, or $540, saw an increase in volume and value exported, at 13.2 percent and 7.9 percent, respectively.
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