Home / Knowledge / News / Textiles / No silver lining on horizon for textile & garment sectors
No silver lining on horizon for textile & garment sectors
30
Apr '11
The annual media conference of the Swiss Textile Federation was held on April 29, 2011 in the Papiersaal room at Sihlcity. Federation Chairman Max R. Hungerbühler, reviewed the performance and prospects of the Swiss textile and garments industry.

The economic recovery of the Swiss textile and garments industry again failed to materialize in 2010. Prospects for the year 2010 are also anything but assured. The upturn in the Swiss textile and garments industry which we had hoped to see in 2010 is getting off to a sluggish start. The decline in trade was reflected in value added figures throughout the branch. At CHF 1.14 billion, they were 1.6% down on the previous year's result.

Max R. Hungerbühler, Chairman of the Swiss Textile Federation, still sees no silver lining on the horizon for the Swiss textile and garments industry in 2011. Textile exports admittedly continued to grow in the 4th quarter of 2010 and the downward trend of garment exports also slowed towards the end of 2010. However, in view of the sustained strength of the Swiss franc, the uncertainty caused by political turbulence in the Near East and the natural and nuclear disasters in Japan, the outlook is anything but rosy.

Trends in the textile and garments sectors differ
Value added in the branch fell overall by 1.6% to CHF 1.14 billion, but the situation for textiles differs from that in the garments sector: value added in the textile industry rose by 1.9% or CHF 870 million, while the equivalent figure for the garments industry was 10.2% down at CHF 270 million. The situation for exports is similar with an overall decline by 7.5% to CHF 3.15 billion: while textile exports gained 4.1% to CHF 1.67 billion, garment exports declined by 17.8% to CHF 1.48 billion.

Imports were 1.4% lower at a total figure of CHF 7.68 billion. Textile imports gained 3.8% to CHF 2.15 billion but garment imports for their part fell 3.4% to CHF 5.53 billion. On the textiles side, imports from China gained nearly 22%. In the garments sector, imports from Italy fell by around 20%, while those from Germany and China remained flat. However, the EU remained the most important source of imports. In this environment, the number of employees was down by 2.8% at around 14 000 persons.

New opportunities in the emerging countries
Against a background of increasing global uncertainty, the Swiss franc will continue to strengthen. This is anything but conducive to a positive development of the Swiss textile and garments industry. The economic recovery in Europe is being accompanied by rising pressure on prices. However, ongoing economic growth in Germany does hold out hopes of rising demand. New market outlets may well also open with the expansion of the emerging countries.

Topical political issues
Max R. Hungerbühler considers the clear formulation of concerns, needs and proposals as one of the key tasks of the Swiss Textile Federation. He sees a need to fight excessive regulation and administrative work at both international and national level; they are making life harder for companies. In external economic policy, the security of raw material supplies is becoming increasingly difficult to assure; the expansion of a properly functioning EUROMED zone must also be driven forward.


Must ReadView All

Courtesy: Kai Pilger from Pexels

Apparel/Garments | On 26th Apr 2018

FOBAP in the Philippines trying for garments sector revival

The Foreign Buyers Association of the Philippines (FOBAP), a body...

German investors keen to invest in Pakistan: top official

Textiles | On 26th Apr 2018

German investors keen to invest in Pakistan: top official

A German traders delegation will soon visit Pakistan to explore...

Courtesy: Uster

Textiles | On 26th Apr 2018

Uster Technologies acquires Elbit Vision Systems

Uster Technologies has announced the successful closure of the...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search