Switzerland: Bearing Market 2024

Bearing Market Size in Switzerland

In 2021, the Swiss bearing market was finally on the rise to reach $X after six years of decline. Overall, consumption, however, showed a pronounced decline. Bearing consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Bearing Production in Switzerland

In value terms, bearing production soared to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 47% against the previous year. Bearing production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Bearing Exports

Exports from Switzerland

In 2021, shipments abroad of ball and roller bearings was finally on the rise to reach X tons after two years of decline. Overall, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, bearing exports skyrocketed to $X in 2021. In general, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for bearing exports from Switzerland, accounting for a 15% share of total exports. Moreover, bearing exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Italy (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Germany totaled +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+12.1% per year) and Italy (+12.4% per year).

In value terms, Germany ($X) remains the key foreign market for ball and roller bearings exports from Switzerland, comprising 38% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by Italy, with an 8.1% share.

From 2012 to 2020, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.1% per year) and Italy (+3.4% per year).

Export Prices by Country

In 2020, the average bearing export price amounted to $X per ton, waning by -2.3% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2020, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2020, amid the top suppliers, the countries with the highest prices were Romania ($X per ton) and Poland ($X per ton), while the average price for exports to Belgium ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Romania (-8.0%), while the prices for the other major destinations experienced a decline.

Bearing Imports

Imports into Switzerland

In 2021, overseas purchases of ball and roller bearings were finally on the rise to reach X tons after two years of decline. In general, total imports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bearing imports surged to $X in 2021. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2020, Germany (X tons) constituted the largest supplier of bearing to Switzerland, with a 3% share of total imports. Moreover, bearing imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 0.7% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from Germany totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.8% per year) and Italy (+15.0% per year).

In value terms, Germany ($X) constituted the largest supplier of ball and roller bearings to Switzerland, comprising 42% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by Italy, with a 9.7% share.

From 2012 to 2020, the average annual growth rate of value from Germany totaled -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.0% per year) and Italy (-1.7% per year).

Import Prices by Country

The average bearing import price stood at $X per ton in 2020, with an increase of 8.4% against the previous year. Over the last eight years, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2016 an increase of 26%. Over the period under review, average import prices reached the peak figure in 2020 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and China ($X per ton), while the price for Sweden ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany (-14.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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