Switzerland: Hot-Rolled Free-Cutting Steel Market 2025

Hot-Rolled Free-Cutting Steel Market Size in Switzerland

After two years of growth, the Swiss hot-rolled free-cutting steel market decreased by -49% to $X in 2021. Overall, consumption continues to indicate a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hot-Rolled Free-Cutting Steel Production in Switzerland

In value terms, hot-rolled free-cutting steel production rose to $X in 2021 estimated in export price. In general, production continues to indicate a slight shrinkage. The growth pace was the most rapid in 2018 with an increase of 25% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Hot-Rolled Free-Cutting Steel Exports

Exports from Switzerland

In 2021, overseas shipments of hot-rolled bars in free-cutting steels were finally on the rise to reach X tons after two years of decline. In general, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 46% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-rolled free-cutting steel exports surged to $X in 2021. Over the period under review, exports continue to indicate prominent growth. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for hot-rolled free-cutting steel exports from Switzerland, with a 62% share of total exports. Moreover, hot-rolled free-cutting steel exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+11.7% per year) and the Czech Republic (+2.9% per year).

In value terms, Italy ($X) remains the key foreign market for hot-rolled bars in free-cutting steels exports from Switzerland, comprising 63% of total exports. The second position in the ranking was held by Germany ($X), with a 21% share of total exports. It was followed by the Czech Republic, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+11.6% per year) and the Czech Republic (+3.9% per year).

Export Prices by Country

In 2021, the average hot-rolled free-cutting steel export price amounted to $X per ton, increasing by 49% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were Turkey ($X per ton) and Poland ($X per ton), while the average price for exports to Germany ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Rolled Free-Cutting Steel Imports

Imports into Switzerland

In 2021, purchases abroad of hot-rolled bars in free-cutting steels was finally on the rise to reach X tons after three years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 67%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, hot-rolled free-cutting steel imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) was the main supplier of hot-rolled free-cutting steel to Switzerland, accounting for a 93% share of total imports. Moreover, hot-rolled free-cutting steel imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The Czech Republic (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+26.1% per year) and the Czech Republic (+115.5% per year).

In value terms, Germany ($X) constituted the largest supplier of hot-rolled bars in free-cutting steels to Switzerland, comprising 90% of total imports. The second position in the ranking was taken by Italy ($X), with a 5.6% share of total imports. It was followed by the Czech Republic, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+24.3% per year) and the Czech Republic (+69.4% per year).

Import Prices by Country

The average hot-rolled free-cutting steel import price stood at $X per ton in 2021, picking up by 31% against the previous year. In general, the import price, however, showed a mild decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by 33%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :