Jun 1, 2025
Swiss Watch eyes recovery amid global headwinds
Insight
After several turbulent years, the Swiss watch industry is cautiously optimistic in 2025, the sector saw a 2.8% decline in exports last year, totaling CHF 25.9 billion (approx. $29.2 billion), ending a three-year growth streak.
Asian market fall
Asian market fall
François Thiébaud, industry veteran, attributed the dip to political and economic instability, falling tourism in Europe, and the strong Swiss franc.
Asia, once a strong growth driver, presented headwinds: exports to China and Hong Kong dropped by 25.8% and 18.7%, respectively. However, other markets outperformed. The U.S. grew 5% in 2024, helped by tariff-related buying. India surged with a 27.6% increase in imports, and Japan also saw steady growth
Innovative
Innovative
This year's releases signal a shift toward tech-savvy design. Movado’s new Connect smartwatch runs on Wear OS and offers 100 dial options.
Swatch unveiled the Skin, its thinnest-ever watch, alongside the world’s smallest Bluetooth chip. Despite layoffs and structural changes, Swiss watches remain a national economic cornerstone—just 3% of the global volume, but 60% of its value. With digital engagement rising and appetite for craftsmanship still strong, the industry is betting that innovation and brand heritage can keep it ticking forward.
Latest Updates
(MRA — 02)
©2025
Latest Updates
(MRA — 02)
©2025
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Jun 1, 2025
Swiss Watch eyes recovery amid global headwinds
Insight
After several turbulent years, the Swiss watch industry is cautiously optimistic in 2025, the sector saw a 2.8% decline in exports last year, totaling CHF 25.9 billion (approx. $29.2 billion), ending a three-year growth streak.
Asian market fall
François Thiébaud, industry veteran, attributed the dip to political and economic instability, falling tourism in Europe, and the strong Swiss franc.
Asia, once a strong growth driver, presented headwinds: exports to China and Hong Kong dropped by 25.8% and 18.7%, respectively. However, other markets outperformed. The U.S. grew 5% in 2024, helped by tariff-related buying. India surged with a 27.6% increase in imports, and Japan also saw steady growth
Innovative
This year's releases signal a shift toward tech-savvy design. Movado’s new Connect smartwatch runs on Wear OS and offers 100 dial options.
Swatch unveiled the Skin, its thinnest-ever watch, alongside the world’s smallest Bluetooth chip. Despite layoffs and structural changes, Swiss watches remain a national economic cornerstone—just 3% of the global volume, but 60% of its value. With digital engagement rising and appetite for craftsmanship still strong, the industry is betting that innovation and brand heritage can keep it ticking forward.
Jun 1, 2025
Swiss Watch eyes recovery amid global headwinds
Insight
After several turbulent years, the Swiss watch industry is cautiously optimistic in 2025, the sector saw a 2.8% decline in exports last year, totaling CHF 25.9 billion (approx. $29.2 billion), ending a three-year growth streak.
Asian market fall
François Thiébaud, industry veteran, attributed the dip to political and economic instability, falling tourism in Europe, and the strong Swiss franc.
Asia, once a strong growth driver, presented headwinds: exports to China and Hong Kong dropped by 25.8% and 18.7%, respectively. However, other markets outperformed. The U.S. grew 5% in 2024, helped by tariff-related buying. India surged with a 27.6% increase in imports, and Japan also saw steady growth
Innovative
This year's releases signal a shift toward tech-savvy design. Movado’s new Connect smartwatch runs on Wear OS and offers 100 dial options.
Swatch unveiled the Skin, its thinnest-ever watch, alongside the world’s smallest Bluetooth chip. Despite layoffs and structural changes, Swiss watches remain a national economic cornerstone—just 3% of the global volume, but 60% of its value. With digital engagement rising and appetite for craftsmanship still strong, the industry is betting that innovation and brand heritage can keep it ticking forward.