Swiss repurchase wrist watch as much as 1.3 billion Swiss francs in 2016

About 1.3 billion Swiss francs (8.9 billion renminbi) watch products in the form of imported back to Switzerland in 2016. Swiss luxury cheap replica watch global sales continued to slow, lead to the excess supply the retail channel, especially in Asian markets, commercial repurchase unsold inventory reached an unprecedented scale.

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Swiss watchmakers industry from 2012 to 2016 senior management personnel of the Swiss economy as a whole, the main export market and the Swiss watch-making industry outlook (including blue as positive, gray as negative)
Bloomberg reporter Thomas Mulier Geneva reported: “the rich buy Swiss watches, producers have to buy back from the vendor backlog of inventory, which has been reflected on the export data. In the case of industry recession, according to customs data, the first 10 months of this year, about 1.3 billion francs of wrist watch products back in Switzerland, by more than the same period in 2002 (398 million) for more than three times.”

Accounting experts Deloitte published an annual report in September, the global TAB industry, according to a survey of 3000 senior executives in the next year industry status is still not optimistic. In the Swiss watch-making industry senior management personnel, 82% of the people to the pessimistic attitude that over the next 12 months, compared with 2015 for the same answer, percentage doubled.

The latest export from the Swiss watch industry federation, according to data from October 2016 Swiss watch exports fell 16.4% year on year, the first 10 months of Swiss watch exports fell 11.0% from a year as a whole. Britain is the only positive development of large market this year, imports rose 9% from a year in October, the first 10 months of imports rose 4.5% from a year as a whole.