Switzerland: Woolen Yarn Market 2024

Woolen Yarn Market Size in Switzerland

In 2021, after eight years of decline, there was significant growth in the Swiss woolen yarn market, when its value increased by 20% to $X. Over the period under review, consumption, however, saw a deep downturn. Woolen yarn consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Woolen Yarn Production in Switzerland

In value terms, woolen yarn production expanded to $X in 2021 estimated in export price. In general, production, however, showed a drastic downturn. Woolen yarn production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Woolen Yarn Exports

Exports from Switzerland

In 2021, overseas shipments of yarn of wool were finally on the rise to reach X tons after two years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 43%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, woolen yarn exports soared to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 21% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), France (X tons) and Sweden (X tons) were the main destinations of woolen yarn exports from Switzerland, together accounting for 79% of total exports. These countries were followed by the United States, the UK, Israel, Portugal, Norway and Austria, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +33.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for yarn of wool exports from Switzerland, comprising 56% of total exports. The second position in the ranking was taken by France ($X), with a 15% share of total exports. It was followed by Sweden, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.4% per year) and Sweden (+14.5% per year).

Export Prices by Country

The average woolen yarn export price stood at $X per ton in 2021, with an increase of 5.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2019 an increase of 24% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Portugal ($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 Norway (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Woolen Yarn Imports

Imports into Switzerland

In 2021, supplies from abroad of yarn of wool was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a perceptible descent. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, woolen yarn imports surged to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of woolen yarn to Switzerland, accounting for a 43% share of total imports. Moreover, woolen yarn imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by the Czech Republic (X tons), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.2% per year) and the Czech Republic (+5.6% per year).

In value terms, Italy ($X) constituted the largest supplier of yarn of wool to Switzerland, comprising 48% of total imports. The second position in the ranking was taken by Germany ($X), with a 23% share of total imports. It was followed by Peru, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.7% per year) and Peru (+5.1% per year).

Import Prices by Country

The average woolen yarn import price stood at $X per ton in 2021, increasing by 5.8% 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 2020 an increase of 15% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Lithuania ($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 UK (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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