Switzerland: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in Switzerland

The Swiss gear cutting machine market fell slightly to $X in 2021, approximately reflecting the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020, and then contracted in the following year.

Gear Cutting Machine Production in Switzerland

In value terms, gear cutting machine production fell modestly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 1.7%. Over the period under review, production reached the peak level at $X in 2020, and then dropped modestly in the following year.

Gear Cutting Machine Exports

Exports from Switzerland

In 2021, approx. X units of gear cutting, gear grinding or gear finishing machines were exported from Switzerland; rising by 25% on the previous year's figure. In general, exports, however, saw a abrupt contraction. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, gear cutting machine exports expanded significantly to $X in 2021. Over the period under review, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by 21%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units), India (X units) and South Korea (X units) were the main destinations of gear cutting machine exports from Switzerland, with a combined 48% 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 India (with a CAGR of +45.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Germany ($X) were the largest markets for gear cutting machine exported from Switzerland worldwide, together comprising 44% of total exports. Italy, India, Taiwan (Chinese), the United States, Japan and France lagged somewhat behind, together comprising a further 41%.

Among the main countries of destination, India, with a CAGR of +33.6%, recorded 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 gear cutting machine export price amounted to $X per unit, falling by -14.9% against the previous year. Over the period under review, the export price showed a perceptible descent. The pace of growth was the most pronounced in 2018 an increase of 18%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Germany ($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 Taiwan (Chinese) (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Cutting Machine Imports

Imports into Switzerland

In 2021, approx. X units of gear cutting, gear grinding or gear finishing machines were imported into Switzerland; shrinking by -72.3% against the previous year's figure. Over the period under review, imports showed a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 149%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, gear cutting machine imports declined remarkably to $X in 2021. In general, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 208% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and France (X units) were the main suppliers of gear cutting machine imports to Switzerland, together comprising 74% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +32.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest gear cutting machine suppliers to Switzerland were China ($X), Germany ($X) and France ($X), together comprising 95% of total imports.

China, with a CAGR of +127.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average gear cutting machine import price stood at $X per unit in 2021, rising by 72% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 113% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 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 China ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+33.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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