Switzerland: Metal Honing Machine Market 2024

Metal Honing Machine Market Size in Switzerland

In 2021, the Swiss metal honing machine market decreased by -21.7% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Metal Honing Machine Exports

Exports from Switzerland

In 2021, after two years of growth, there was significant decline in shipments abroad of honing or lapping machines for working metal, when their volume decreased by -23.3% to X units. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 88% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal honing machine exports reduced modestly to $X in 2021. Over the period under review, exports showed a noticeable decline. The pace of growth appeared the most rapid in 2018 with an increase of 39%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Austria (X units), Germany (X units) and France (X units) were the main destinations of metal honing machine exports from Switzerland, with a combined 54% share of total exports. China, Hungary, Italy and the United States lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +35.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal honing machine exported from Switzerland were Germany ($X), China ($X) and Austria ($X), together accounting for 61% of total exports. These countries were followed by France, Italy, the United States and Hungary, which together accounted for a further 19%.

Hungary, with a CAGR of +56.1%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average metal honing machine export price amounted to $X per unit, with an increase of 29% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 137% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Hungary ($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 Italy (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Honing Machine Imports

Imports into Switzerland

Metal honing machine imports into Switzerland reduced remarkably to X units in 2021, which is down by -24.1% compared with 2020. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 49% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, metal honing machine imports rose sharply to $X in 2021. In general, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2014 with an increase of 121%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest metal honing machine supplier to Switzerland, accounting for a 48% share of total imports. Moreover, metal honing machine imports from Italy exceeded the figures recorded by the second-largest supplier, France (X units), twofold. The United States (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+15.6% per year) and the United States (+7.2% per year).

In value terms, the largest metal honing machine suppliers to Switzerland were the United States ($X), France ($X) and Italy ($X), with a combined 91% share of total imports. These countries were followed by Germany, Denmark and China, which together accounted for a further 7.1%.

In terms of the main suppliers, Denmark, with a CAGR of +36.7%, recorded the highest growth rate of 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

The average metal honing machine import price stood at $X per unit in 2021, rising by 39% against the previous year. In general, the import price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 an increase of 167% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 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 the United States ($X per unit), while the price for Denmark ($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 (+5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :