Switzerland: Gas Supply Meter Market 2024

Gas Supply Meter Market Size in Switzerland

In 2021, after two years of growth, there was significant decline in the Swiss gas supply meter market, when its value decreased by -13.1% to $X. In general, consumption showed a noticeable downturn. Gas supply meter consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Gas Supply Meter Exports

Exports from Switzerland

In 2021, the amount of gas supply or production meters exported from Switzerland contracted markedly to X units, with a decrease of -59.9% on the previous year. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 with an increase of 417% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, gas supply meter exports contracted remarkably to $X in 2021. In general, exports, however, continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 449%. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

Germany (X units) was the main destination for gas supply meter exports from Switzerland, accounting for a 70% share of total exports. Moreover, gas supply meter exports to Germany exceeded the volume sent to the second major destination, Austria (X units), threefold. The third position in this ranking was held by the United States (X units), with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+21.5% per year) and the United States (-19.6% per year).

In value terms, Austria ($X) emerged as the key foreign market for gas supply or production meters exports from Switzerland, comprising 57% of total exports. The second position in the ranking was taken by Germany ($X), with a 22% share of total exports. It was followed by the United States, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria stood at +62.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.2% per year) and the United States (-16.8% per year).

Export Prices by Country

The average gas supply meter export price stood at $X per unit in 2021, falling by -7.9% against the previous year. Overall, the export price, however, posted a resilient increase. The pace of growth was the most pronounced in 2020 an increase of 380%. As a result, the export price attained the peak level of $X per unit, and then reduced in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany ($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 Austria (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.

Gas Supply Meter Imports

Imports into Switzerland

For the fourth consecutive year, Switzerland recorded decline in overseas purchases of gas supply or production meters, which decreased by -5.6% to X units in 2021. Over the period under review, imports saw a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of 24%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, gas supply meter imports dropped rapidly to $X in 2021. Overall, imports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 38%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest gas supply meter supplier to Switzerland, accounting for a 81% share of total imports. Moreover, gas supply meter imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), more than tenfold. The third position in this ranking was held by Malaysia (X units), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+130.4% per year) and Malaysia (+419.9% per year).

In value terms, Germany ($X) constituted the largest supplier of gas supply or production meters to Switzerland, comprising 69% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 7.5% share of total imports. It was followed by Italy, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+344.0% per year) and Italy (+27.8% per year).

Import Prices by Country

The average gas supply meter import price stood at $X per unit in 2021, which is down by -16.1% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gas supply meter import price increased by +60.5% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 89%. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then declined rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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