Switzerland: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2025

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in Switzerland

In 2021, the Swiss hot-rolled silico-manganese steel bar market increased by 52% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption posted a mild expansion. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from Switzerland

In 2021, approx. X kg of hot-rolled bars of silico-manganese steel were exported from Switzerland; growing by 8.1% against the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 2,052% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, hot-rolled silico-manganese steel bar exports soared to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 237%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Mexico (X kg) was the main destination for hot-rolled silico-manganese steel bar exports from Switzerland, with a 91% share of total exports. Moreover, hot-rolled silico-manganese steel bar exports to Mexico exceeded the volume sent to the second major destination, Romania (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Mexico amounted to +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (0.0% per year) and the UK (-22.4% per year).

In value terms, Mexico ($X) remains the key foreign market for hot-rolled bars of silico-manganese steel exports from Switzerland, comprising 87% of total exports. The second position in the ranking was held by the UK ($X), with a 7.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico totaled +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+28.7% per year) and Romania (0.0% per year).

Export Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar export price amounted to $X per ton, rising by 59% against the previous year. Over the period under review, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 707% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+108.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into Switzerland

In 2021, supplies from abroad of hot-rolled bars of silico-manganese steel increased by 57% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 201%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, hot-rolled silico-manganese steel bar imports skyrocketed to $X in 2021. Overall, imports continue to indicate moderate growth. The pace of growth was the most pronounced in 2013 when imports increased by 132%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and Belgium (X tons) were the main suppliers of hot-rolled silico-manganese steel bar imports to Switzerland, together comprising 94% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +131.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest hot-rolled silico-manganese steel bar suppliers to Switzerland were Germany ($X), Belgium ($X) and the UK ($X), together comprising 82% of total imports.

Belgium, with a CAGR of +121.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar import price amounted to $X per ton, which is down by -9.3% against the previous year. Over the period under review, the import price, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 129%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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 UK ($X per ton), while the price for Italy ($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 UK (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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