44 million mechanical watches made world wide in 2015
30 million SWISS Mechanical made in 2015
A STAGGERING 40 million COUNTERFEIT mechanical watches made in 2015!
That is 10 million more than the SWISS and only 4 M less than WW production!!
But that is NOT the reason the SWISS watch industry is suffering in 2015-->2016, that is because of the market conditions.
The Hong Kong Market is down 33% in 2016 (so far), and China down 14% (YTD) - it is the 18th consecutive month of decline!!
ACKNOWLEDGEMENT: WATCH TIME MAGAZINE