As 2012 draws to a close, the Swiss watch industry is celebrating another banner year as high-end timepieces more than offset the effects of a global recession. Year-over-year export growth is expected to approach 10 percent when the finally totals are tallied.
Can it continue in 2013? Analysts are divided and the all important China market remains the key. The Middle East, another growing area, remains politically fragile and a threat to the Swiss watch boom.
On the positive side, US demand has rebounded after softness in the period after the financial crisis that began in September 2008.