Watch Market Overview in France
In value terms, watch production shrank sharply to $ in estimated in export prices. Over the period under review, production recorded a deep slump. The pace of growth appeared the most rapid in 2019 when the production volume increased by % against the previous year. Watch production peaked at $ in 2007; however, from 2008 to , production remained at a lower figure.
The revenue of the watch market in France fell to $ in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a deep slump. The growth pace was the most rapid in 2017 when the market value increased by % against the previous year. Watch consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain the momentum.