Switzerland: Tools For Bearing Market 2024

Tools For Bearing Market Size in Switzerland

In 2022, the Swiss tools for bearing market increased by 3.9% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Tools For Bearing Production in Switzerland

In value terms, tools for bearing production amounted to $X in 2022 estimated in export price. In general, production showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 33% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Tools For Bearing Exports

Exports from Switzerland

In 2022, approx. X tons of balls, needles and rollers for ball or roller bearings were exported from Switzerland; surging by 31% against 2021 figures. Overall, exports showed a strong expansion. The growth pace was the most rapid in 2018 with an increase of 31% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, tools for bearing exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 31%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), Austria (X tons) and Turkey (X tons) were the main destinations of tools for bearing exports from Switzerland, together accounting for 63% of total exports. Luxembourg, Spain, China, Italy, Cameroon, Japan, Singapore, Mexico and the United States lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cameroon (with a CAGR of +145.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for balls, needles and rollers for ball or roller bearings exports from Switzerland, comprising 51% of total exports. The second position in the ranking was taken by Austria ($X), with an 8.5% share of total exports. It was followed by the United States, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-1.7% per year) and the United States (-5.9% per year).

Export Prices by Country

In 2022, the average tools for bearing export price amounted to $X per ton, falling by -4.6% against the previous year. In general, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 12% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+35.9%), while the prices for the other major destinations experienced more modest paces of growth.

Tools For Bearing Imports

Imports into Switzerland

Tools for bearing imports into Switzerland surged to X tons in 2022, growing by 18% on 2021 figures. In general, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +7.2% 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 +54.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 45%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, tools for bearing imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 24%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of tools for bearing imports to Switzerland, with a combined 85% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +20.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tools for bearing suppliers to Switzerland were Germany ($X), China ($X) and Italy ($X), with a combined 72% share of total imports. Poland, India, France and the UK lagged somewhat behind, together accounting for a further 16%.

In terms of the main suppliers, Poland, with a CAGR of +14.9%, saw the highest growth rate of 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 2022, the average tools for bearing import price amounted to $X per ton, which is down by -3.9% against the previous year. In general, the import price showed a perceptible decrease. The growth pace was the most rapid in 2018 an increase of 52%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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