Switzerland: Power Tool Market 2024

Power Tool Market Size in Switzerland

In 2021, the Swiss power tool market increased by 23% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Power tool consumption peaked in 2021 and is expected to retain growth in years to come.

Power Tool Exports

Exports from Switzerland

In 2021, power tool exports from Switzerland skyrocketed to X units, jumping by 19% compared with the previous year's figure. In general, exports, however, continue to indicate a abrupt downturn. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, power tool exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a mild shrinkage. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for power tool exports from Switzerland, with a 27% share of total exports. Moreover, power tool exports to Germany exceeded the volume sent to the second major destination, France (X units), fourfold. The third position in this ranking was held by Spain (X units), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.9% per year) and Spain (+18.2% per year).

In value terms, the largest markets for power tool exported from Switzerland were Germany ($X), the United States ($X) and Belgium ($X), together comprising 49% of total exports. These countries were followed by Austria, France, Italy, Poland, Russia, Spain, the UK, Sweden, Saudi Arabia and Chile, which together accounted for a further 28%.

In terms of the main countries of destination, Poland, with a CAGR of +18.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average power tool export price stood at $X per unit in 2021, surging by 8.8% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, power tool export price increased by +12.0% against 2018 indices. The pace of growth was the most pronounced in 2016 an increase of 47% 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 years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Chile ($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 Germany (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into Switzerland

In 2021, imports of power tools into Switzerland skyrocketed to X units, jumping by 23% on 2020. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, power tool imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and Austria (X units) were the main suppliers of power tool imports to Switzerland, together accounting for 93% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +7.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), China ($X) and Austria ($X) constituted the largest power tool suppliers to Switzerland, with a combined 89% share of total imports.

In terms of the main suppliers, China, with a CAGR of +8.0%, recorded the highest rates of growth with regard to 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 power tool import price stood at $X per unit in 2021, approximately reflecting the previous year. In general, the import price saw a slight decline. The most prominent rate of growth was recorded in 2013 an increase of 7.4%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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 Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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