Home / Knowledge / News / Textiles / Import dependency on textiles & garments very high
Import dependency on textiles & garments very high
08
Oct '08
Switzerland has a very well developed textile industry, ably aided to a great extent by research and development activities. The markets of Switzerland are highly competitive in both the low-priced and high-priced segments of textiles and fabrics.

But most of the output is earmarked for exports from the country. The bulk of the demand for textiles and clothing is met through imports which are estimated at 97 percent of total consumption.

The lion's share of imports of textiles and clothing is met by the countries compromising the European Union and account for 84 percent of all imports. The main demand came from performance and functional textiles category, although high-end fabrics like home textiles command a sizeable market share.

The Swiss textile and garment industry continued to expand in 2007 and 2008 with greater volume of sales and exports and more jobs for local people, despite growing competition from low-wage countries.

According to the Swiss Textile Federation, by relying on innovation and their ability to detect new trends, Swiss companies engaged in textile and garment business were able to defy the high pressure on prices and margins and competition from low-priced imports.

Imports of textiles and apparels have grown from Swiss Francs (CHF) 4.01 billion in the first six months of 2007 to CHF 4.09 billion in the corresponding period of 2008 to post a marginal growth of 1.94 percent. In comparison, exports from the sector fell from CHF 2.09 to CHF 2.04 billion in the same period.

Separately, imports of textiles rose from CHF 1.26 billion to CHF 1.28 billion and that of garments from CHF 2.74 billion to CHF2.81 billion in the periods under review.

The bulk of imports as mentioned above came from the European Union and accounted for as much as 84 percent of all imports. Imports ascended from CHF 3.36 billion in the period January-June 2007 to CHF 3.46 billion in the same period of 2008, to register a nominal growth of 2.73 percent.

The only country with a substantial share of exports to Switzerland was China with CHF 273.85 million. The US in second place followed with shipments totaling to CHF 42.99 million in the period Jan-June 2008.

It would be very safe to mention that Switzerland, in spite of having a strong textiles base and a lineage going back by more than 700 years, is highly import dependent in its requirements.

Infact value of imports are nearly double than those of exports. Though off course, what the country exports are products of high value and what it imports are items of mass consumption.

Click here to veiw detailed statistics.

Fibre2fashion News Desk - India


Must ReadView All

Uzbekistan, UAE explore partnership in trade, investment

Textiles | On 20th Mar 2019

Uzbekistan, UAE explore partnership in trade, investment

Uzbekistan and the United Arab Emirates (UAE) have agreed to increase ...

Sri Lanka's textile exports up 5.7% to $5.317 bn in 2018

Textiles | On 20th Mar 2019

Sri Lanka's textile exports up 5.7% to $5.317 bn in 2018

Sri Lanka’s earnings from textiles and garments exports increased by...

Pic: SDG Knowledge Hub

Apparel/Garments | On 20th Mar 2019

Garment supply chain traceability tool being developed

The UN Economic Commission for Europe (UNECE), the European...

Interviews View All

Amardeep Singh, Orient Craft

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Top executives, Textile industry

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Lin Jing,

Lin Jing

Jiangsu New Victor is a Chinese mechanical equipment manufacturing...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Sanjukta Dutta, Sanjukta's Studio

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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


March 2019

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

news category


Related Categories:

Advanced Search