Switzerland: Sportswear Market 2024

Sportswear Market Size in Switzerland

The Swiss sportswear market stood at $X in 2021, rising by 10% against the previous year. Over the period under review, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.3% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Sportswear Production in Switzerland

In value terms, sportswear production skyrocketed to $X in 2021 estimated in export price. Overall, production enjoyed a temperate expansion. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Sportswear Exports

Exports from Switzerland

For the eighth consecutive year, Switzerland recorded growth in overseas shipments of track suits, ski suits and swimwear, which increased by 12% to X units in 2021. Over the period under review, exports showed a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 27% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, sportswear exports rose significantly to $X in 2021. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for sportswear exports from Switzerland, with a 64% share of total exports. Moreover, sportswear exports to Germany exceeded the volume sent to the second major destination, Italy (X units), fourfold. The Netherlands (X units) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+66.0% per year) and the Netherlands (+86.8% per year).

In value terms, Germany ($X) remains the key foreign market for track suits, ski suits and swimwear exports from Switzerland, comprising 71% of total exports. The second position in the ranking was held by Italy ($X), with a 17% share of total exports. It was followed by the Netherlands, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+71.0% per year) and the Netherlands (+82.9% per year).

Export Prices by Country

In 2021, the average sportswear export price amounted to $X per unit, falling by -1.9% against the previous year. Over the period under review, the export price showed a noticeable contraction. The growth pace was the most rapid in 2017 an increase of 12%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Poland ($X per unit), while the average price for exports to France ($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 Poland (+19.1%), while the prices for the other major destinations experienced mixed trend patterns.

Sportswear Imports

Imports into Switzerland

Sportswear imports into Switzerland expanded to X units in 2021, growing by 2.1% compared with 2020. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 6.5% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, sportswear imports rose rapidly to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.6% against 2013 indices. The pace of growth was the most pronounced in 2017 with an increase of 20% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of sportswear to Switzerland, with a 47% share of total imports. Moreover, sportswear imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), fourfold. The third position in this ranking was held by Cambodia (X units), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+17.0% per year) and Cambodia (+25.0% per year).

In value terms, China ($X) constituted the largest supplier of track suits, ski suits and swimwear to Switzerland, comprising 48% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 6.2% share of total imports. It was followed by Cambodia, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+5.2% per year) and Cambodia (+30.8% per year).

Import Prices by Country

In 2021, the average sportswear import price amounted to $X per unit, increasing by 5.2% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2017 an increase of 17% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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