Switzerland: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Switzerland

In 2021, after two years of decline, there was growth in the Swiss man-made filament yarn market, when its value increased by 3.4% to $X. In general, consumption recorded a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Man-Made Filament Yarn Production in Switzerland

In value terms, man-made filament yarn production reached $X in 2021 estimated in export price. Overall, production showed a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by 53%. Man-made filament yarn production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Man-Made Filament Yarn Exports

Exports from Switzerland

In 2021, exports of man-made filament yarn from Switzerland totaled X tons, picking up by 3.3% against 2020. In general, exports, however, continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2015 with an increase of 4.3% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, man-made filament yarn exports soared to $X in 2021. Over the period under review, exports, however, saw a deep setback. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for man-made filament yarn exports from Switzerland, with a 78% share of total exports. Moreover, man-made filament yarn exports to Germany exceeded the volume sent to the second major destination, Brazil (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+4.7% per year) and Austria (-29.7% per year).

In value terms, Germany ($X) remains the key foreign market for man-made filament yarn exports from Switzerland, comprising 55% of total exports. The second position in the ranking was held by Brazil ($X), with a 9.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+2.5% per year) and Austria (-24.7% per year).

Export Prices by Country

The average man-made filament yarn export price stood at $X per ton in 2021, increasing by 23% against the previous year. Over the period under review, the export price, however, showed a slight curtailment. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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 Austria ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+7.2%), while the prices for the other major destinations experienced a decline.

Man-Made Filament Yarn Imports

Imports into Switzerland

In 2021, after two years of decline, there was significant growth in overseas purchases of man-made filament yarn, when their volume increased by 16% to X tons. Over the period under review, imports posted a strong expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 101%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, man-made filament yarn imports soared to $X in 2021. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 69% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of man-made filament yarn to Switzerland, accounting for a 64% share of total imports. Moreover, man-made filament yarn imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Hungary (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.6% per year) and Hungary (+5.1% per year).

In value terms, Italy ($X) constituted the largest supplier of man-made filament yarn to Switzerland, comprising 67% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by Turkey, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.5% per year) and Turkey (+21.4% per year).

Import Prices by Country

In 2021, the average man-made filament yarn import price amounted to $X per ton, increasing by 23% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 Thailand ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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