Switzerland: Hot-Rolled Steel Products Market 2024

Hot-Rolled Steel Products Market Size in Switzerland

In 2021, after two years of decline, there was significant growth in the Swiss hot-rolled steel products market, when its value increased by 76% to $X. In general, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hot-Rolled Steel Products Exports

Exports from Switzerland

In 2021, hot-rolled steel products exports from Switzerland reduced remarkably to X tons, waning by -42.2% against 2020 figures. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 53%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-rolled steel products exports rose to $X in 2021. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 31%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Israel (X tons) and Denmark (X tons) were the main destinations of hot-rolled steel products exports from Switzerland, with a combined 62% share of total exports. These countries were followed by Austria, Hungary, the Netherlands, Italy, the UK and France, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +34.3%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) emerged as the key foreign market for flat-rolled products of iron or steel (not further worked than hot-rolled) exports from Switzerland, comprising 37% of total exports. The second position in the ranking was taken by Israel ($X), with a 16% share of total exports. It was followed by Austria, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (-11.7% per year) and Austria (+4.4% per year).

Export Prices by Country

In 2021, the average hot-rolled steel products export price amounted to $X per ton, surging by 79% against the previous year. In general, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Austria ($X per ton) and Hungary ($X per ton), while the average price for exports to Israel ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Rolled Steel Products Imports

Imports into Switzerland

In 2021, after two years of decline, there was significant growth in purchases abroad of flat-rolled products of iron or steel (not further worked than hot-rolled), when their volume increased by 14% to X tons. Over the period under review, imports, however, continue to indicate a noticeable decrease. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, hot-rolled steel products imports surged to $X in 2021. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Austria (X tons) and Italy (X tons) were the main suppliers of hot-rolled steel products imports to Switzerland, together comprising 81% of total imports. These countries were followed by Belgium, France, Luxembourg, Sweden and the Netherlands, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +6.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), Austria ($X) and Italy ($X) appeared to be the largest hot-rolled steel products suppliers to Switzerland, with a combined 74% share of total imports. These countries were followed by Belgium, France, Sweden, Luxembourg and the Netherlands, which together accounted for a further 15%.

In terms of the main suppliers, Luxembourg, with a CAGR of +9.5%, 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 more modest paces of growth.

Import Prices by Country

The average hot-rolled steel products import price stood at $X per ton in 2021, with an increase of 42% against the previous year. Overall, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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