Switzerland: Market for Machines For Preparing, Weaving And Knitting Textiles 2024

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Switzerland

The Swiss market for machines for preparing, weaving and knitting textiles contracted rapidly to $X in 2021, dropping by -54.7% against the previous year. Over the period under review, consumption showed a abrupt decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Machines For Preparing, Weaving And Knitting Textiles in Switzerland

In value terms, textile weaving and knitting machinery production declined to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 21% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Switzerland

In 2021, shipments abroad of machines for preparing, weaving and knitting textiles increased by 16% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 22%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, textile weaving and knitting machinery exports rose significantly to $X in 2021. In general, exports, however, continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of 41%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

India (X units) was the main destination for textile weaving and knitting machinery exports from Switzerland, with a 32% share of total exports. Moreover, textile weaving and knitting machinery exports to India exceeded the volume sent to the second major destination, Turkey (X units), threefold. The third position in this ranking was taken by China (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India stood at +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-20.4% per year) and China (-17.4% per year).

In value terms, the largest markets for textile weaving and knitting machinery exported from Switzerland were Turkey ($X), China ($X) and India ($X), with a combined 46% share of total exports. These countries were followed by Pakistan, Germany, Bangladesh, Egypt, Italy, Indonesia, Austria, Iran and Thailand, which together accounted for a further 28%.

Pakistan, with a CAGR of +12.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, which is down by -3.5% against the previous year. In general, the export price, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 61% against the previous year. As a result, the export price reached the peak level of $X per unit, and then declined in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Iran ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Switzerland

In 2021, approx. X units of machines for preparing, weaving and knitting textiles were imported into Switzerland; which is down by -32% on 2020. Overall, imports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2014 with an increase of 116% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, textile weaving and knitting machinery imports reduced remarkably to $X in 2021. Over the period under review, imports saw a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 130%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest textile weaving and knitting machinery supplier to Switzerland, with a 43% share of total imports. Moreover, textile weaving and knitting machinery imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was taken by China (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.0% per year) and China (+8.2% per year).

In value terms, Italy ($X), Germany ($X) and Japan ($X) were the largest textile weaving and knitting machinery suppliers to Switzerland, together comprising 74% of total imports. China, Turkey, Bosnia and Herzegovina, the Czech Republic and India lagged somewhat behind, together accounting for a further 11%.

Bosnia and Herzegovina, with a CAGR of +38.4%, recorded the highest rates of growth with regard to 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 2021, the average import price for machines for preparing, weaving and knitting textiles amounted to $X per unit, growing by 21% against the previous year. Over the period under review, the import price, however, showed a slight downturn. The growth pace was the most rapid in 2018 when the average import price increased by 40%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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