Switzerland: Metal Castor Mounting Market 2024

Metal Castor Mounting Market Size in Switzerland

In 2022, the Swiss metal castor mounting market increased by 6.8% to $X, rising for the sixth year in a row after three years of decline. In general, consumption, however, recorded notable growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Metal Castor Mounting Production in Switzerland

In value terms, metal castor mounting production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production posted a perceptible expansion. The growth pace was the most rapid in 2019 when the production volume increased by 156%. Metal castor mounting production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Metal Castor Mounting Exports

Exports from Switzerland

In 2022, exports of castors with mountings of base metal from Switzerland expanded modestly to X tons, surging by 2.6% on the year before. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by 33%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, metal castor mounting exports fell to $X in 2022. Over the period under review, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of 32%. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced slightly in the following year.

Exports by Country

Germany (X tons) was the main destination for metal castor mounting exports from Switzerland, accounting for a 42% share of total exports. Moreover, metal castor mounting exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+44.8% per year) and the UK (+46.4% per year).

In value terms, Germany ($X) remains the key foreign market for castors with mountings of base metal exports from Switzerland, comprising 31% of total exports. The second position in the ranking was taken by France ($X), with a 14% share of total exports. It was followed by the UK, with a 9.3% share.

From 2012 to 2022, 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: France (+28.2% per year) and the UK (+27.8% per year).

Export Prices by Country

In 2022, the average metal castor mounting export price amounted to $X per ton, waning by -6.6% against the previous year. Over the period under review, the export price recorded a perceptible reduction. The pace of growth was the most pronounced in 2018 an increase of 13%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Hungary ($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 Italy (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Castor Mounting Imports

Imports into Switzerland

In 2022, after three years of growth, there was significant decline in overseas purchases of castors with mountings of base metal, when their volume decreased by -34.4% to X tons. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, imports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, metal castor mounting imports contracted to $X in 2022. The total import value increased at an average annual rate of +3.3% 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 when imports increased by 33% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Germany (X tons), China (X tons) and Italy (X tons) were the main suppliers of metal castor mounting imports to Switzerland, with a combined 91% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +2.4%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of castors with mountings of base metal to Switzerland, comprising 67% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Italy, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.9% per year) and Italy (-0.9% per year).

Import Prices by Country

The average metal castor mounting import price stood at $X per ton in 2022, growing by 43% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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