Switzerland: Machinery Electrical Parts Market 2025

Machinery Electrical Parts Market Size in Switzerland

The Swiss machinery electrical parts market shrank to $X in 2022, reducing by -7.5% against the previous year. Overall, consumption, however, showed a prominent expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Machinery Electrical Parts Production in Switzerland

In value terms, machinery electrical parts production fell to $X in 2022 estimated in export price. In general, production, however, saw prominent growth. The growth pace was the most rapid in 2017 when the production volume increased by 84%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Machinery Electrical Parts Exports

Exports from Switzerland

In 2022, shipments abroad of electrical parts of machinery or apparatus was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 152%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, machinery electrical parts exports skyrocketed to $X in 2022. Overall, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 74%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for machinery electrical parts exports from Switzerland, with a 78% share of total exports. Moreover, machinery electrical parts exports to Germany exceeded the volume sent to the second major destination, France (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +19.1%.

In value terms, Germany ($X) remains the key foreign market for electrical parts of machinery or apparatus exports from Switzerland, comprising 70% of total exports. The second position in the ranking was held by France ($X), with a 2.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +20.4%.

Export Prices by Country

In 2022, the average machinery electrical parts export price amounted to $X per ton, surging by 16% against the previous year. Overall, the export price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 82% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+72.6%), while the prices for the other major destinations experienced mixed trend patterns.

Machinery Electrical Parts Imports

Imports into Switzerland

After four years of growth, supplies from abroad of electrical parts of machinery or apparatus decreased by -18.6% to X tons in 2022. Overall, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 42%. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted markedly in the following year.

In value terms, machinery electrical parts imports reduced slightly to $X in 2022. Over the period under review, imports, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2017 when imports increased by 27%. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Estonia (X tons), China (X tons) and Germany (X tons) were the main suppliers of machinery electrical parts imports to Switzerland, with a combined 75% 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 Estonia (with a CAGR of +203.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), China ($X) and Japan ($X) appeared to be the largest machinery electrical parts suppliers to Switzerland, with a combined 55% share of total imports.

Estonia, with a CAGR of +234.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average machinery electrical parts import price stood at $X per ton in 2022, picking up by 19% against the previous year. Overall, the import price, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 when the average import price increased by 43%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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