Switzerland: Agricultural Appliance Market 2024

Agricultural Appliance Market Size in Switzerland

In 2021, the Swiss agricultural appliance market increased by 5.9% to $X, rising for the fourth consecutive year after two years of decline. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Agricultural appliance consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Agricultural Appliance Exports

Exports from Switzerland

In 2021, approx. X units of agricultural appliances were exported from Switzerland; with a decrease of -56.8% compared with the year before. Overall, exports saw a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of 126%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, agricultural appliance exports soared to $X in 2021. In general, exports faced a abrupt curtailment. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units), Germany (X units) and Austria (X units) were the main destinations of agricultural appliance exports from Switzerland, together comprising 78% of total exports. The United Arab Emirates, Norway, Belgium and France lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +31.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Austria ($X) and Germany ($X) constituted the largest markets for agricultural appliance exported from Switzerland worldwide, together accounting for 82% of total exports. France, Belgium, the United Arab Emirates and Norway lagged somewhat behind, together comprising a further 10%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +7.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average agricultural appliance export price amounted to $X per unit, jumping by 236% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+71.5%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Appliance Imports

Imports into Switzerland

For the fourth year in a row, Switzerland recorded growth in overseas purchases of agricultural appliances, which increased by 1.1% to X units in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +59.2% against 2017 indices. The pace of growth was the most pronounced in 2015 when imports increased by 31% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, agricultural appliance imports amounted to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 22% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of agricultural appliance imports to Switzerland, with a combined 70% share of total imports. These countries were followed by the United States, Mexico, Taiwan (Chinese), Austria, France and the Netherlands, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +29.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of agricultural appliances to Switzerland, comprising 41% of total imports. The second position in the ranking was held by Italy ($X), with a 17% share of total imports. It was followed by China, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.8% per year) and China (+16.3% per year).

Import Prices by Country

In 2021, the average agricultural appliance import price amounted to $X per unit, with an increase of 3.1% against the previous year. Overall, the import price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of 15%. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform