Switzerland: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2024

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Switzerland

In 2021, the Swiss silicon-electrical steel flat-rolled product market increased by 46% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +100.5% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Switzerland

In 2021, exports of flat-rolled products of silicon-electrical steel from Switzerland skyrocketed to X tons, growing by 340% against the year before. Over the period under review, exports recorded a prominent expansion. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product exports skyrocketed to $X in 2021. Overall, exports saw a buoyant increase. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for silicon-electrical steel flat-rolled product exports from Switzerland, accounting for a 78% share of total exports. Moreover, silicon-electrical steel flat-rolled product exports to India exceeded the volume sent to the second major destination, Turkey (X tons), sixfold. The third position in this ranking was taken by Germany (X tons), with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to India amounted to +40.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+213.6% per year) and Germany (-14.4% per year).

In value terms, India ($X) remains the key foreign market for flat-rolled products of silicon-electrical steel exports from Switzerland, comprising 77% of total exports. The second position in the ranking was held by Turkey ($X), with a 14% share of total exports. It was followed by France, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value to India totaled +38.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+205.4% per year) and France (-2.2% per year).

Export Prices by Country

In 2021, the average silicon-electrical steel flat-rolled product export price amounted to $X per ton, picking up by 25% against the previous year. Overall, the export price, however, continues to indicate a pronounced curtailment. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Germany ($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 Brazil (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Switzerland

After two years of decline, overseas purchases of flat-rolled products of silicon-electrical steel increased by 35% to X tons in 2021. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silicon-electrical steel flat-rolled product imports skyrocketed to $X in 2021. In general, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, 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.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of silicon-electrical steel flat-rolled product to Switzerland, accounting for a 40% share of total imports. Moreover, silicon-electrical steel flat-rolled product imports from Germany exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was taken by France (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+21.2% per year) and France (+6.2% per year).

In value terms, Germany ($X) constituted the largest supplier of flat-rolled products of silicon-electrical steel to Switzerland, comprising 43% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 13% share of total imports. It was followed by France, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+24.5% per year) and France (+4.2% per year).

Import Prices by Country

In 2021, the average silicon-electrical steel flat-rolled product import price amounted to $X per ton, rising by 28% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2017 an increase of 36% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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