Switzerland: Ball Bearing Market 2024

Ball Bearing Market Size in Switzerland

After two years of growth, the Swiss ball bearing market decreased by -7.4% to $X in 2021. The market value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Ball bearing consumption peaked at $X in 2020, and then fell in the following year.

Ball Bearing Production in Switzerland

In value terms, ball bearing production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 24%. Ball bearing production peaked at $X in 2020, and then declined in the following year.

Ball Bearing Exports

Exports from Switzerland

In 2021, after two years of decline, there was significant growth in overseas shipments of ball bearings, when their volume increased by 26% to X tons. Over the period under review, total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.7% 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, ball bearing exports soared to $X in 2021. The total export value increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 ball bearing exports from Switzerland, accounting for a 39% share of total exports. Moreover, ball bearing exports to Germany exceeded the volume sent to the second major destination, Hungary (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+11.8% per year) and Italy (+14.4% per year).

In value terms, Germany ($X) remains the key foreign market for ball bearings exports from Switzerland, comprising 28% of total exports. The second position in the ranking was taken by the United States ($X), with an 11% share of total exports. It was followed by Hungary, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.7% per year) and Hungary (+15.6% per year).

Export Prices by Country

In 2021, the average ball bearing export price amounted to $X per ton, with an increase of 5.5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 36% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Romania ($X per ton), while the average price for exports to Slovakia ($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 Poland (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Imports

Imports into Switzerland

In 2021, supplies from abroad of ball bearings increased by 94% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ball bearing imports soared to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of ball bearing to Switzerland, with a 43% share of total imports. Moreover, ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+27.7% per year) and Germany (-5.1% per year).

In value terms, Germany ($X), China ($X) and Japan ($X) appeared to be the largest ball bearing suppliers to Switzerland, with a combined 59% share of total imports. Italy, Taiwan (Chinese), France, Thailand, Austria and Indonesia lagged somewhat behind, together comprising a further 28%.

Among the main suppliers, Indonesia, with a CAGR of +58.3%, saw the highest rates of growth with regard to the value of imports, 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 ball bearing import price amounted to $X per ton, waning by -34.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 55%. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then dropped notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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