This instead is the trend in the top ten compared to August 2019: China + 55.3%, USA + 19.6%, Hong Kong -26.2%, United Kingdom + 3%, Germany -2.6% , Singapore -11.5%, Japan -37%, United Arab Emirates + 32.6%, Italy + 5%, France -20.4%.
The tow of the most expensive models
For the overall increase recorded in August, also compared to 2019, the high range was decisive (export price above 3,000 francs), which had a limited increase compared to pre-virus levels; the medium-high range decreased slightly compared to 2019 (500-3 thousand francs), the medium range decreased (200-500 francs), the basic range fell sharply (below 200 francs). In terms of the first eight months of 2021, all ten major markets are in marked rebound.
Here are the percentages of the top ten compared to the period January-August 2019: China + 62.7%, USA + 25.4%, Hong Kong -24.3%, Japan -14.1%, Singapore +1.8 %, United Kingdom -10%, Germany -8.1%, United Arab Emirates + 1.9%, France -16.1%, Italy -10.7%.
For the Swiss watchmaking hub, the challenge is to maintain the good pace it has regained, if possible by strengthening the recovery even outside the two largely main drivers, China and the USA. The Federation of the Swiss Watch Industry (Fh) in recent months has remained cautious in its forecasts – also considering the uncertainties still linked to the pandemic in the world – but has left it quite clearly to understand that to close the whole of 2021 near or at the same levels as the 2019 (exports of 21.7 billion francs annually) would already be a clearly positive step.