Switzerland: Market for Hot-Rolled Bars In Bearing Steels 2024

Market Size for Hot-Rolled Bars In Bearing Steels in Switzerland

In 2022, the Swiss hot-rolled bearing steel bar market increased by 10% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a pronounced downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Hot-Rolled Bars In Bearing Steels in Switzerland

In value terms, hot-rolled bearing steel bar production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible slump. The pace of growth appeared the most rapid in 2017 with an increase of 26%. Hot-rolled bearing steel bar production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Hot-Rolled Bars In Bearing Steels

Exports from Switzerland

In 2022, overseas shipments of hot-rolled bars in bearing steels increased by 5.5% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 27% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, hot-rolled bearing steel bar exports soared to $X in 2022. Overall, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +121.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 69% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for hot-rolled bearing steel bar exports from Switzerland, with a 51% share of total exports. Moreover, hot-rolled bearing steel bar exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+3.6% per year) and Italy (+6.7% per year).

In value terms, Germany ($X) remains the key foreign market for hot-rolled bars in bearing steels exports from Switzerland, comprising 52% of total exports. The second position in the ranking was held by Austria ($X), with an 18% share of total exports. It was followed by Italy, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+4.4% per year) and Italy (+9.0% per year).

Export Prices by Country

The average hot-rolled bearing steel bar export price stood at $X per ton in 2022, picking up by 24% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled bearing steel bar export price increased by +65.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($X per ton) and Germany ($X per ton), while the average price for exports to Italy ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Bars In Bearing Steels

Imports into Switzerland

In 2022, supplies from abroad of hot-rolled bars in bearing steels increased by 18% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2021 with an increase of 33%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, hot-rolled bearing steel bar imports soared to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest hot-rolled bearing steel bar supplier to Switzerland, accounting for a 52% share of total imports. Moreover, hot-rolled bearing steel bar imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The Czech Republic (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+17.8% per year) and the Czech Republic (+5.2% per year).

In value terms, Germany ($X) constituted the largest supplier of hot-rolled bars in bearing steels to Switzerland, comprising 51% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by the Czech Republic, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+21.7% per year) and the Czech Republic (+7.0% per year).

Import Prices by Country

The average hot-rolled bearing steel bar import price stood at $X per ton in 2022, with an increase of 21% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled bearing steel bar import price increased by +54.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 27% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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