Price for Embroidery; in the Piece, in Strips or in Motifs in Switzerland - 2023

Contents:

  1. Price for Embroidery; in the Piece, in Strips or in Motifs in Switzerland (FOB) - 2022
  2. Price for Embroidery; in the Piece, in Strips or in Motifs in Switzerland (CIF) - 2023
  3. Exports of Embroidery; in the Piece, in Strips or in Motifs in Switzerland
  4. Imports of Embroidery; in the Piece, in Strips or in Motifs in Switzerland

Price for Embroidery; in the Piece, in Strips or in Motifs in Switzerland (FOB) - 2022

In 2022, the average export price for embroidery; in the piece, in strips or in motifses amounted to $219,712 per ton, which is down by -5.9% against the previous year. Over the period under review, the export price continues to indicate a slight downturn. The growth pace was the most rapid in 2019 an increase of 15% against the previous year. Over the period under review, the average export prices hit record highs at $282,721 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($544,107 per ton), while the average price for exports to the United Arab Emirates ($49,462 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Embroidery; in the Piece, in Strips or in Motifs in Switzerland (CIF) - 2023

The average import price for embroidery; in the piece, in strips or in motifses stood at $125K per ton in September 2023, rising by 37% against the previous month. Overall, the import price, however, showed a mild downturn. The import price peaked at $146K per ton in December 2022; however, from January 2023 to September 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Romania ($316K per ton), while the price for Turkey ($46,953 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Embroidery; in the Piece, in Strips or in Motifs in Switzerland

In 2022, exports of embroidery; in the piece, in strips or in motifses from Switzerland surged to 154 tons, increasing by 18% compared with 2021 figures. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +6.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 35% against the previous year. Over the period under review, the exports of embroidery; in piece, in strips or in motifses hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, exports of embroidery; in the piece, in strips or in motifses expanded significantly to $34M in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Embroidery; in the Piece, in Strips or in Motifs in Switzerland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France9.05.76.09.72.5%
Nigeria4.73.96.07.014.2%
China2.71.12.02.1-8.0%
Italy3.82.02.92.0-19.3%
Belgium1.12.02.21.613.3%
Germany1.50.91.81.3-4.7%
Cameroon0.10.91.51.2128.9%
United States0.70.40.61.012.6%
Senegal0.20.40.90.858.7%
Austria0.40.30.40.826.0%
United Arab Emirates0.10.10.20.791.3%
Indonesia0.10.10.70.681.7%
Bosnia and Herzegovina1.01.00.60.5-20.6%
Others7.14.64.94.7-12.8%
Total32.523.530.733.91.4%

Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Switzerland in 2022:

  1. Nigeria (38.5 tons)
  2. France (23.1 tons)
  3. Austria (14.8 tons)
  4. United Arab Emirates (14.3 tons)
  5. Germany (10.6 tons)
  6. Belgium (7.9 tons)
  7. Cameroon (6.9 tons)
  8. Italy (5.3 tons)
  9. China (3.9 tons)
  10. Senegal (3.6 tons)
  11. United States (3.4 tons)
  12. Indonesia (2.7 tons)
  13. Bosnia and Herzegovina (2.4 tons)

Imports of Embroidery; in the Piece, in Strips or in Motifs in Switzerland

In 2022, approx. 146 tons of embroidery; in the piece, in strips or in motifses were imported into Switzerland; growing by 12% on 2021. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 21%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of embroidery; in the piece, in strips or in motifses amounted to $16M in 2022. The total import value increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Embroidery; in the Piece, in Strips or in Motifs in Switzerland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bosnia and Herzegovina1.92.22.53.927.1%
Austria3.33.13.73.41.0%
Romania3.52.33.72.9-6.1%
Thailand1.31.21.42.524.4%
Germany0.91.01.00.8-3.9%
China0.60.50.60.75.3%
India0.50.40.30.3-15.7%
Turkey0.10.10.30.226.0%
Others1.51.21.31.74.3%
Total13.811.914.816.45.9%

Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to Switzerland in 2022:

  1. Austria (41.0 tons)
  2. Thailand (34.9 tons)
  3. Bosnia and Herzegovina (18.5 tons)
  4. Romania (14.6 tons)
  5. China (10.4 tons)
  6. Germany (7.0 tons)
  7. Turkey (5.0 tons)
  8. India (2.8 tons)

Source: IndexBox Market Intelligence Platform

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