Switzerland: Aluminium Pipe Fittings Market 2024

Aluminium Pipe Fittings Market Size in Switzerland

The Swiss aluminium pipe fittings market soared to $X in 2021, increasing by 22% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.7% against 2019 indices. Aluminium pipe fittings consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Aluminium Pipe Fittings Production in Switzerland

In value terms, aluminium pipe fittings production dropped to $X in 2021 estimated in export price. Over the period under review, production recorded a significant increase. The growth pace was the most rapid in 2018 when the production volume increased by 160%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Aluminium Pipe Fittings Exports

Exports from Switzerland

In 2021, shipments abroad of aluminium tube or pipe fittings decreased by -6.6% to X tons, falling for the second year in a row after two years of growth. In general, total exports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -30.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 42% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, aluminium pipe fittings exports rose significantly to $X in 2021. Overall, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -25.2% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 36% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for aluminium pipe fittings exports from Switzerland, accounting for a 43% share of total exports. Moreover, aluminium pipe fittings exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was taken by Singapore (X tons), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+51.1% per year) and Singapore (+72.1% per year).

In value terms, Germany ($X) remains the key foreign market for aluminium tube or pipe fittings exports from Switzerland, comprising 46% of total exports. The second position in the ranking was taken by the United States ($X), with a 7.1% share of total exports. It was followed by Singapore, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+31.1% per year) and Singapore (+81.3% per year).

Export Prices by Country

In 2021, the average aluminium pipe fittings export price amounted to $X per ton, growing by 15% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aluminium pipe fittings export price increased by +5.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 31% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to Belgium ($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 (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Pipe Fittings Imports

Imports into Switzerland

In 2021, purchases abroad of aluminium tube or pipe fittings increased by 7.8% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports, however, showed a slight setback. The growth pace was the most rapid in 2015 when imports increased by 59%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, aluminium pipe fittings imports surged to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 23% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and China (X tons) were the main suppliers of aluminium pipe fittings imports to Switzerland, together comprising 77% of total imports. These countries were followed by Austria, Finland, France, the Netherlands and India, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +63.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aluminium pipe fittings suppliers to Switzerland were Germany ($X), Italy ($X) and China ($X), with a combined 74% share of total imports. France, Austria, India, the Netherlands and Finland lagged somewhat behind, together accounting for a further 12%.

Finland, with a CAGR of +58.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average aluminium pipe fittings import price amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, the import price showed a mild increase. The most prominent rate of growth was recorded in 2017 an increase of 75%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+31.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :