Switzerland: Aluminium Bar Market 2024

Aluminium Bar Market Size in Switzerland

In 2021, the Swiss aluminium bar market increased by 21% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +23.1% against 2019 indices. Aluminium bar consumption peaked in 2021 and is likely to continue growth in years to come.

Aluminium Bar Production in Switzerland

In value terms, aluminium bar production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the production volume increased by 36% against the previous year. Aluminium bar production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Aluminium Bar Exports

Exports from Switzerland

In 2021, after two years of decline, there was significant growth in overseas shipments of aluminium bars, rods and profiles, when their volume increased by 8.5% to X tons. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 18% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, aluminium bar exports amounted to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 18% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for aluminium bar exports from Switzerland, with a 38% share of total exports. Moreover, aluminium bar exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+14.4% per year) and France (-8.6% per year).

In value terms, Germany ($X) remains the key foreign market for aluminium bars, rods and profiles exports from Switzerland, comprising 35% of total exports. The second position in the ranking was taken by Italy ($X), with a 13% share of total exports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+12.1% per year) and France (-6.8% per year).

Export Prices by Country

The average aluminium bar export price stood at $X per ton in 2021, growing by 2.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 8.7%. The export price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Bar Imports

Imports into Switzerland

In 2021, after two years of decline, there was significant growth in purchases abroad of aluminium bars, rods and profiles, when their volume increased by 96% to X tons. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, aluminium bar imports surged to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of aluminium bar to Switzerland, with a 40% share of total imports. Moreover, aluminium bar imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by Austria (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.6% per year) and Austria (-5.4% per year).

In value terms, Germany ($X) constituted the largest supplier of aluminium bars, rods and profiles to Switzerland, comprising 46% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by Austria, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.3% per year) and Austria (-3.2% per year).

Import Prices by Country

The average aluminium bar import price stood at $X per ton in 2021, with a decrease of -35% against the previous year. In general, the import price, however, enjoyed a modest increase. The pace of growth was the most pronounced in 2016 an increase of 54% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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