Switzerland: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Switzerland

In 2021, after two years of decline, there was growth in the Swiss market for grinding, sanding and polishing machines, when its value increased by 2.8% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Exports of Grinding, Sanding and Polishing Machines

Exports from Switzerland

In 2021, after three years of decline, there was significant growth in overseas shipments of grinding, sanding and polishing machines, when their volume increased by 11% to X units. Over the period under review, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2015 when exports increased by 51% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, grinding, sanding and polishing machine exports dropped rapidly to $X in 2021. Overall, exports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of 21%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Egypt (X units), Germany (X units) and Poland (X units) were the main destinations of grinding, sanding and polishing machine exports from Switzerland, with a combined 44% 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 Poland (with a CAGR of +35.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for grinding, sanding and polishing machine exported from Switzerland were the United States ($X), Germany ($X) and Russia ($X), with a combined 39% share of total exports. These countries were followed by South Africa, Egypt, France, the UK, Hungary, Austria, Italy, the Czech Republic, Poland and Hong Kong SAR, which together accounted for a further 30%.

Hungary, with a CAGR of +56.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for grinding, sanding and polishing machines stood at $X per unit in 2021, falling by -24% against the previous year. In general, the export price, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2019 an increase of 82%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Poland ($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 Hong Kong SAR (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Switzerland

Grinding, sanding and polishing machine imports into Switzerland reduced to X units in 2021, with a decrease of -10.1% compared with the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 132%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, grinding, sanding and polishing machine imports skyrocketed to $X in 2021. Over the period under review, imports saw a mild decline. The growth pace was the most rapid in 2018 with an increase of 60% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest grinding, sanding and polishing machine supplier to Switzerland, accounting for a 68% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. Germany (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+0.9% per year) and Germany (-2.5% per year).

In value terms, Germany ($X), Italy ($X) and China ($X) were the largest grinding, sanding and polishing machine suppliers to Switzerland, with a combined 87% share of total imports.

In terms of the main suppliers, China, with a CAGR of +9.7%, saw 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

In 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, jumping by 34% against the previous year. In general, the import price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 94%. 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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