Switzerland: Market for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines 2024

Market Size for Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Switzerland

The Swiss fuel or lubricating pump market fell to $X in 2021, which is down by -11.8% against the previous year. Overall, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +58.0% against 2014 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines in Switzerland

In value terms, fuel or lubricating pump production dropped to $X in 2021 estimated in export price. In general, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +19.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 39%. As a result, production reached the peak level of $X, and then reduced in the following year.

Exports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Exports from Switzerland

In 2021, overseas shipments of fuel, lubricating or cooling-medium pumps for internal combustion engines decreased by -19.9% to X units, falling for the fifth year in a row after five years of growth. Overall, exports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2013 when exports increased by 218%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, fuel or lubricating pump exports contracted rapidly to $X in 2021. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 148%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X units), Germany (X units) and the United Arab Emirates (X units) were the main destinations of fuel or lubricating pump exports from Switzerland, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +114.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fuel or lubricating pump exported from Switzerland were Germany ($X), Spain ($X) and the United Arab Emirates ($X), together comprising 89% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +84.2%, saw the highest rates of growth with regard to 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

In 2021, the average fuel or lubricating pump export price amounted to $X per unit, increasing by 5.4% against the previous year. Over the period under review, the export price, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2018 an increase of 18% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Spain ($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 the United Arab Emirates (+6.7%), while the prices for the other major destinations experienced a decline.

Imports of Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines

Imports into Switzerland

In 2021, supplies from abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines decreased by -11% to X units, falling for the fifth consecutive year after five years of growth. Overall, imports, however, showed a resilient increase. The growth pace was the most rapid in 2014 when imports increased by 95%. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, fuel or lubricating pump imports reached $X in 2021. The total import value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 29% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest fuel or lubricating pump supplier to Switzerland, with a 55% share of total imports. Moreover, fuel or lubricating pump imports from Germany exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold. Poland (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+25.1% per year) and Poland (+23.5% per year).

In value terms, Germany ($X) constituted the largest supplier of fuel, lubricating or cooling-medium pumps for internal combustion engines to Switzerland, comprising 61% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by South Korea, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.6% per year) and South Korea (+22.7% per year).

Import Prices by Country

The average fuel or lubricating pump import price stood at $X per unit in 2021, jumping by 27% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 32% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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