Switzerland: Woolen Fabric Market 2022

Woolen Fabric Market Size in Switzerland

The Swiss woolen fabric market surged to $X in 2021, jumping by 21% against the previous year. In general, consumption, however, recorded a pronounced slump. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Woolen Fabric Production in Switzerland

In value terms, woolen fabric production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a mild slump. The most prominent rate of growth was recorded in 2019 with an increase of 22%. Woolen fabric production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Woolen Fabric Exports

Exports from Switzerland

In 2021, shipments abroad of woven woolen fabrics decreased by -18.9% to X square meters, falling for the fifth year in a row after two years of growth. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 10% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, woolen fabric exports reduced markedly to $X in 2021. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 11%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X square meters), Turkey (X square meters) and Bulgaria (X square meters) were the main destinations of woolen fabric exports from Switzerland, together comprising 37% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +64.7%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Romania ($X) and Turkey ($X) constituted the largest markets for woolen fabric exported from Switzerland worldwide, together comprising 32% of total exports. These countries were followed by Poland, Portugal, Bulgaria, France, Germany, the United States, North Macedonia and the UK, which together accounted for a further 51%.

Bulgaria, with a CAGR of +68.6%, saw the highest rates of growth with regard to 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 woolen fabric export price stood at $X per square meter in 2021, flattening at the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 9.9% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per square meter), while the average price for exports to North Macedonia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Woolen Fabric Imports

Imports into Switzerland

For the ninth year in a row, Switzerland recorded decline in supplies from abroad of woven woolen fabrics, which decreased by -12.1% to X square meters in 2021. Overall, imports faced a abrupt shrinkage. The smallest decline of -5.7% was in 2014. Over the period under review, imports reached the maximum at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, woolen fabric imports fell to $X in 2021. In general, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 9.2% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X square meters) constituted the largest supplier of woolen fabric to Switzerland, accounting for a 75% share of total imports. Moreover, woolen fabric imports from Italy exceeded the figures recorded by the second-largest supplier, Portugal (X square meters), more than tenfold. Germany (X square meters) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at -12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+21.4% per year) and Germany (-17.0% per year).

In value terms, Italy ($X) constituted the largest supplier of woolen fabric to Switzerland, comprising 82% of total imports. The second position in the ranking was held by the UK ($X), with a 4.9% share of total imports. It was followed by Germany, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at -10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-2.5% per year) and Germany (-15.1% per year).

Import Prices by Country

In 2021, the average woolen fabric import price amounted to $X per square meter, rising by 7.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2018 an increase of 19% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per square meter), while the price for Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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