Switzerland: Embroidery Market 2024

Embroidery Market Size in Switzerland

The Swiss embroidery market reduced to $X in 2022, waning by X% against the previous year. Overall, consumption showed a noticeable slump. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Embroidery Production in Switzerland

In value terms, embroidery production dropped to $X in 2022 estimated in export price. Overall, production recorded a deep setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Embroidery production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Embroidery Exports

Exports from Switzerland

In 2022, shipments abroad of embroidery (without visible ground) in the piece decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports showed a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, embroidery exports surged to $X in 2022. Overall, exports showed a abrupt slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons), Germany (X tons) and Italy (X tons) were the main destinations of embroidery exports from Switzerland, together comprising X% of total exports. Nigeria, Belgium, China, the United States, Morocco, Bosnia and Herzegovina, Austria, Hungary and Japan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for embroidery (without visible ground) in the piece exports from Switzerland, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Nigeria, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2022, the average embroidery export price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Embroidery Imports

Imports into Switzerland

In 2022, imports of embroidery (without visible ground) in the piece into Switzerland dropped sharply to X tons, with a decrease of X% against the previous year. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, embroidery imports declined significantly to $X in 2022. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Romania (X kg), Thailand (X kg) and India (X kg) were the main suppliers of embroidery imports to Switzerland, together comprising X% of total imports. China, Italy, Germany, Poland, Bosnia and Herzegovina, Taiwan (Chinese) and Austria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest embroidery suppliers to Switzerland were Romania ($X), Thailand ($X) and Italy ($X), with a combined X% share of total imports. Bosnia and Herzegovina, Taiwan (Chinese), Austria, China, Germany, India and Poland lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average embroidery import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, recorded a measured expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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