Switzerland: Cotton Fabric Market 2024

Cotton Fabric Market Size in Switzerland

The Swiss cotton fabric market dropped markedly to $X in 2023, which is down by X% against the previous year. In general, the total consumption indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. Cotton fabric consumption peaked at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Cotton Fabric Production in Switzerland

In value terms, cotton fabric production declined to $X in 2023 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2023, production growth failed to regain momentum.

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Cotton Fabric Exports

Exports from Switzerland

In 2023, approx. X square meters of woven fabrics of cotton were exported from Switzerland; waning by X% compared with the previous year. In general, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2022 with an increase of X%. The exports peaked at X square meters in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, cotton fabric exports contracted to $X in 2023. Over the period under review, exports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Austria (X square meters) was the main destination for cotton fabric exports from Switzerland, accounting for a X% share of total exports. Moreover, cotton fabric exports to Austria exceeded the volume sent to the second major destination, Belgium (X square meters), threefold. Germany (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Austria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Germany (X% per year).

In value terms, the largest markets for cotton fabric exported from Switzerland were Austria ($X), Romania ($X) and Germany ($X), with a combined X% share of total exports. Belgium, Senegal, Nigeria, Italy, the United Arab Emirates, Bosnia and Herzegovina, Turkey, North Macedonia, Slovakia and the Czech Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Senegal, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cotton fabric export price stood at $X per square meter in 2023, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2021 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Italy ($X per square meter), while the average price for exports to Austria ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Fabric Imports

Imports into Switzerland

After two years of growth, supplies from abroad of woven fabrics of cotton decreased by X% to X square meters in 2023. In general, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X square meters in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, cotton fabric imports dropped markedly to $X in 2023. Over the period under review, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Belgium (X square meters), Austria (X square meters) and Egypt (X square meters) were the main suppliers of cotton fabric imports to Switzerland, with a combined X% share of total imports. Germany, India, Italy, Pakistan, Turkey, France, China and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton fabric suppliers to Switzerland were Austria ($X), Belgium ($X) and Egypt ($X), together comprising X% of total imports.

In terms of the main suppliers, Egypt, with a CAGR of X%, saw the highest growth rate of 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

The average cotton fabric import price stood at $X per square meter in 2023, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2015 to 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per square meter), while the price for Pakistan ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform