Textile Industry Weathers the Downturn: Switzerland continues its history of textiles innovation and excellence

摘要

Like much of the rest of the world cotton industry, Switzerland has not been immune to the troubles of the 2008 economic recession. With a rich tradition in the textile industry, the country would ideally be reaping the rewards of cotton's lower prices over the past couple of years. Unfortunately, that hasn't been the case. In 1997/98, Switzerland imported over 33,000 Metric Tons (MT) of cotton for manufacturing. Just 10 years later, that number had fallen to only 4,000 MT, despite the falling priceof the natural fiber. The reasoning for the dip in imported cotton is the same as the reasoning worldwide: a downward trend in demand.