Switzerland: Electrical Transformer Market 2024

Electrical Transformer Market Size in Switzerland

The Swiss electrical transformer market contracted significantly to $X in 2022, reducing by X% against the previous year. In general, consumption posted a prominent expansion. As a result, consumption reached the peak level of $X, and then fell remarkably in the following year.

Electrical Transformer Production in Switzerland

In value terms, electrical transformer production declined sharply to $X in 2022 estimated in export price. In general, production posted a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, production attained the peak level of $X, and then dropped markedly in the following year.

Electrical Transformer Exports

Exports from Switzerland

In 2022, after four years of growth, there was significant decline in shipments abroad of electrical transformers, when their volume decreased by X% to X units. Overall, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then contracted dramatically in the following year.

In value terms, electrical transformer exports dropped to $X in 2022. In general, exports saw a mild shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), the Czech Republic (X units) and the United States (X units) were the main destinations of electrical transformer exports from Switzerland, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for electrical transformers exports from Switzerland, comprising X% of total exports. The second position in the ranking was held by France ($X), with an X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average electrical transformer export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, saw a abrupt decrease. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, 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 Spain ($X per unit), while the average price for exports to Sri Lanka ($X per unit) was amongst the lowest.

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

Electrical Transformer Imports

Imports into Switzerland

In 2022, supplies from abroad of electrical transformers increased by X% to X units, rising for the sixth year in a row after two years of decline. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, electrical transformer imports expanded remarkably to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electrical transformer to Switzerland, with a X% share of total imports. Moreover, electrical transformer imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by Slovakia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Slovakia (X% per year).

In value terms, Germany ($X) constituted the largest supplier of electrical transformers to Switzerland, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The average electrical transformer import price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Italy ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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