Switzerland: Smoothing Iron Market 2024

Smoothing Iron Market Size in Switzerland

The Swiss smoothing iron market rose remarkably to $X in 2021, growing by 5.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a perceptible descent. Smoothing iron consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Smoothing Iron Exports

Exports from Switzerland

In 2021, shipments abroad of electric smoothing irons decreased by -1.6% to X units, falling for the third consecutive year after two years of growth. In general, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 39%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, smoothing iron exports dropped significantly to $X in 2021. Over the period under review, exports faced a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 181% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for smoothing iron exports from Switzerland, with a 73% share of total exports. Moreover, smoothing iron exports to Germany exceeded the volume sent to the second major destination, the United States (X units), eightfold. The third position in this ranking was held by Austria (X units), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+64.4% per year) and Austria (+8.2% per year).

In value terms, the largest markets for smoothing iron exported from Switzerland were the United States ($X), Germany ($X) and Australia ($X), with a combined 78% share of total exports.

The United States, with a CAGR of +73.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average smoothing iron export price stood at $X per unit in 2021, waning by -51.2% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 102%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Smoothing Iron Imports

Imports into Switzerland

After eight years of decline, purchases abroad of electric smoothing irons increased by 0.3% to X units in 2021. Over the period under review, imports, however, saw a perceptible setback. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, smoothing iron imports expanded sharply to $X in 2021. In general, imports, however, recorded a noticeable slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest smoothing iron supplier to Switzerland, accounting for a 60% share of total imports. Moreover, smoothing iron imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), fourfold. Hungary (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+15.3% per year) and Hungary (+11.2% per year).

In value terms, Hungary ($X), China ($X) and Indonesia ($X) appeared to be the largest smoothing iron suppliers to Switzerland, together accounting for 80% of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +30.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average smoothing iron import price stood at $X per unit in 2021, rising by 6.4% against the previous year. Over the period under review, the import price, however, continues to indicate a slight reduction. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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