2017 Watch Industry Trend to Pick Up Significantly

2016 China domestic watch industry overall size of 66 billion 700 million. According to the data, in 2016 China's watch industry market size reached 66 billion 700 million yuan, an increase of 2.1% over the previous few years, the growth rate significantly improved. Forecast for the next three years, the industry may maintain an increase of about 4% of the scale, the overall industry situation has improved significantly compared with 12-15. Domestic watch industry market growth rate picked up Watch industry after four years of downturn usher in recovery. Watch industry since the second half of 2012 the government increased anti-corruption efforts, for four years in the overall downturn in the state. But from the second half of last year, the industry showed significant signs of picking up. At the macro level, the Swiss watch in the global export volume is still gradually reduced in the context of its exports to China since October last year to maintain growth in February this year, an increase of 6.7% year on year, for 5 consecutive months to maintain Growth, while the same period the global market exports fell 10%, reflecting the Chinese mainland Swiss watch consumption significantly improved. Annual data, 16 years of Switzerland on China mainland watch exports to slow down the pace of exports, while mainland China accounted for the global market share since 12 years after the first time to pick up, boom in the forefront of the global market. Swiss watch exports in mainland China and the global monthly growth rate (%) Swiss watch exports to mainland China and global market share (%) Micro level, the watch industry companies from the operating data significantly felt the overall industry, especially in the high-end watches to improve the trend for the future development of the industry are mostly optimistic about the situation.