Switzerland: Electrical Circuit Apparatus Market 2022

Electrical Circuit Apparatus Market Size in Switzerland

In 2021, the Swiss electrical circuit apparatus market increased by 39% to $X, rising for the second consecutive year after six years of decline. Overall, consumption recorded a slight expansion. Electrical circuit apparatus consumption peaked in 2021 and is expected to retain growth in the immediate term.

Electrical Circuit Apparatus Production in Switzerland

In value terms, electrical circuit apparatus production expanded to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 4.8%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Electrical Circuit Apparatus Exports

Exports from Switzerland

Electrical circuit apparatus exports from Switzerland dropped to X tons in 2021, shrinking by -1.9% against the previous year. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 5%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, electrical circuit apparatus exports expanded rapidly to $X in 2021. Overall, exports continue to indicate a noticeable downturn. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for electrical circuit apparatus exports from Switzerland, accounting for a 29% share of total exports. Moreover, electrical circuit apparatus exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by China (X tons), with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-3.5% per year) and China (-0.2% per year).

In value terms, Germany ($X) remains the key foreign market for electrical circuit apparatus exports from Switzerland, comprising 30% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by China, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-3.4% per year) and China (+0.7% per year).

Export Prices by Country

In 2021, the average electrical circuit apparatus export price amounted to $X per ton, growing by 7.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Saudi Arabia ($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 Italy (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Switzerland

In 2021, overseas purchases of electrical apparatus for circuit connection, switching and protection were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with only minor 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, electrical circuit apparatus imports surged to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed 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, Germany (X tons) constituted the largest electrical circuit apparatus supplier to Switzerland, accounting for a 30% share of total imports. Moreover, electrical circuit apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Bulgaria (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.8% per year) and Bulgaria (+21.3% per year).

In value terms, Germany ($X) constituted the largest supplier of electrical circuit apparatus to Switzerland, comprising 35% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by France, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.2% per year) and France (-2.1% per year).

Import Prices by Country

In 2021, the average electrical circuit apparatus import price amounted to $X per ton, flattening at the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 6.7%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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