Switzerland: Market for Hydraulic Cylinders And Systems 2024

Market Size for Hydraulic Cylinders And Systems in Switzerland

The Swiss hydraulic cylinder and system market fell remarkably to $X in 2022, waning by -26.3% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Hydraulic Cylinders And Systems in Switzerland

In value terms, hydraulic cylinder and system production contracted notably to $X in 2022 estimated in export price. In general, production, however, showed a modest increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 263%. Hydraulic cylinder and system production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Hydraulic Cylinders And Systems

Exports from Switzerland

In 2022, overseas shipments of hydraulic cylinders and systems increased by 11% to X units, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 25% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, hydraulic cylinder and system exports rose notably to $X in 2022. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 32% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for hydraulic cylinder and system exports from Switzerland, with a 29% share of total exports. Moreover, hydraulic cylinder and system exports to Germany exceeded the volume sent to the second major destination, China (X units), twofold. The United States (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+57.7% per year) and the United States (+31.9% per year).

In value terms, Germany ($X), the United States ($X) and China ($X) appeared to be the largest markets for hydraulic cylinder and system exported from Switzerland worldwide, together comprising 49% of total exports. France, Spain, Sweden, the UK, Austria, Italy, the Netherlands, Bulgaria, Denmark and Turkey lagged somewhat behind, together accounting for a further 33%.

In terms of the main countries of destination, Bulgaria, with a CAGR of +61.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hydraulic cylinder and system export price amounted to $X per unit, declining by -1.7% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydraulic cylinder and system export price increased by +7.4% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 34% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hydraulic Cylinders And Systems

Imports into Switzerland

In 2022, purchases abroad of hydraulic cylinders and systems decreased by -8.1% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 19% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then dropped in the following year.

In value terms, hydraulic cylinder and system imports expanded to $X in 2022. The total import value increased at an average annual rate of +4.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when imports increased by 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units), Bulgaria (X units) and Italy (X units) were the main suppliers of hydraulic cylinder and system imports to Switzerland, with a combined 65% share of total imports. Austria, China, the United States, Slovenia, France and Poland lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +46.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and France ($X) constituted the largest hydraulic cylinder and system suppliers to Switzerland, with a combined 57% share of total imports. Bulgaria, Italy, Austria, China, Slovenia and Poland lagged somewhat behind, together comprising a further 30%.

China, with a CAGR of +41.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hydraulic cylinder and system import price stood at $X per unit in 2022, surging by 11% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average import price increased by 31%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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