The World Watchmaking and Industry

   

   Despite the widespread use of smartphones and tablets, wrist watches do not lose their popularity. The Swiss Watchmaking industry leads the world in the terms of value. According to the words of d Jean-Daniel Pasche, head of the Federation of the Swiss Watch Industry, Switzeland’s watch exports will rise in 2014 after advancing at the slowest pace in four years in 2013 due to a drop in Chinese demand. China is, in fact, the market leader in this respect, producing 663 million watches in 2012. It is the world’s largest exporter of finished watches, followed by Hong Kong, which produced 354 million. Switzerland comes in third place. However, the opposite is true when it comes to value, where Switzerland takes the lead, producing 95% of all watches sold at prices of over 1,000 francs.