Switzerland: Women Knitwear Market 2024

Women Knitwear Market Size in Switzerland

The Swiss women knitwear market totaled $X in 2022, approximately mirroring the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a resilient increase. Women knitwear consumption peaked in 2022 and is expected to retain growth in years to come.

Women Knitwear Exports

Exports from Switzerland

Women knitwear exports from Switzerland reached X units in 2022, with an increase of 2.5% compared with the year before. Over the period under review, exports posted resilient growth. The pace of growth was the most pronounced in 2016 when exports increased by 39%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, women knitwear exports dropped to $X in 2022. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 78% against the previous year. The exports peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

Germany (X units) was the main destination for women knitwear exports from Switzerland, with a 63% share of total exports. Moreover, women knitwear exports to Germany exceeded the volume sent to the second major destination, Italy (X units), fourfold. Poland (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+51.4% per year) and Poland (+21.0% per year).

In value terms, Germany ($X) remains the key foreign market for women's or girls' clothing (knitted or crocheted) exports from Switzerland, comprising 64% of total exports. The second position in the ranking was held by Italy ($X), with a 19% share of total exports. It was followed by Poland, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+42.2% per year) and Poland (+35.5% per year).

Export Prices by Country

The average women knitwear export price stood at $X per unit in 2022, falling by -4.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+12.0%), while the prices for the other major destinations experienced mixed trend patterns.

Women Knitwear Imports

Imports into Switzerland

In 2022, the amount of women's or girls' clothing (knitted or crocheted) imported into Switzerland expanded markedly to X units, with an increase of 10% compared with the previous year's figure. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.3% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, women knitwear imports dropped modestly to $X in 2022. In general, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 28%. Imports peaked at $X in 2021, and then shrank slightly in the following year.

Imports by Country

Bangladesh (X units), China (X units) and Turkey (X units) were the main suppliers of women knitwear imports to Switzerland, with a combined 61% share of total imports. Myanmar, Cambodia, India, Italy, Vietnam, Pakistan, Germany, Indonesia and Sri Lanka lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +266.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Bangladesh ($X) and Turkey ($X) were the largest women knitwear suppliers to Switzerland, with a combined 52% share of total imports. Italy, Cambodia, Vietnam, Germany, India, Pakistan, Sri Lanka, Indonesia and Myanmar lagged somewhat behind, together accounting for a further 32%.

Among the main suppliers, Myanmar, with a CAGR of +246.5%, recorded the highest rates of growth with regard to the value of imports, 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 women knitwear import price amounted to $X per unit, shrinking by -11.7% against the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, women knitwear import price decreased by -12.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 21%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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