Switzerland: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Switzerland

The Swiss market for turbo, rotary and reciporating displacement compressors contracted sharply to $X in 2022, waning by -17% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Production of Turbo, Rotary and Reciporating Displacement Compressors in Switzerland

In value terms, production of turbo, rotary and reciporating displacement compressors fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.7% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 46%. Production of peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Switzerland

In 2022, exports of turbo, rotary and reciporating displacement compressors from Switzerland soared to X units, increasing by 26% on the previous year's figure. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 60%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of turbo, rotary and reciporating displacement compressors surged to $X in 2022. Overall, total exports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 30%. Over the period under review, the exports of attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from Switzerland, accounting for a 52% share of total exports. Moreover, exports of turbo, rotary and reciporating displacement compressors to Germany exceeded the volume sent to the second major destination, China (X units), threefold. The third position in this ranking was taken by Italy (X units), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+27.6% per year) and Italy (+7.3% per year).

In value terms, China ($X) remains the key foreign market for turbo, rotary and reciporating displacement compressors exports from Switzerland, comprising 25% of total exports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+1.4% per year) and the United States (+1.6% per year).

Export Prices by Country

In 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, dropping by -2% against the previous year. Over the period under review, the export price showed a deep downturn. The pace of growth appeared the most rapid in 2015 an increase of 4.1%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.0%), while the prices for the other major destinations experienced a decline.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Switzerland

In 2022, purchases abroad of turbo, rotary and reciporating displacement compressors increased by 9.6% to X units, rising for the sixth year in a row after two years of decline. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.9% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of turbo, rotary and reciporating displacement compressors reached $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of imports of turbo, rotary and reciporating displacement compressors to Switzerland, together comprising 83% of total imports. The UK, Poland, Japan, the United States and France lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +43.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of turbo, rotary and reciporating displacement compressors to Switzerland, comprising 43% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.1% share of total imports. It was followed by the UK, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.1% per year) and the UK (+10.2% per year).

Import Prices by Country

In 2022, the average import price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, falling by -4.4% against the previous year. In general, the import price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2018 when the average import price increased by 16%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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