Switzerland: Ignition Magneto Market 2024

Ignition Magneto Market Size in Switzerland

The Swiss ignition magneto market amounted to $X in 2021, surging by 11% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Ignition Magneto Production in Switzerland

In value terms, ignition magneto production totaled $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 37% against the previous year. Ignition magneto production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Ignition Magneto Exports

Exports from Switzerland

In 2021, the amount of ignition magnetos, magneto-dynamos and magnetic flywheels exported from Switzerland soared to X units, rising by 370% on the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, ignition magneto exports skyrocketed to $X in 2021. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 1,460% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X units) was the main destination for ignition magneto exports from Switzerland, with a 68% share of total exports. Moreover, ignition magneto exports to the UK exceeded the volume sent to the second major destination, Spain (X units), threefold. The third position in this ranking was taken by the Netherlands (X units), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (0.0% per year) and the Netherlands (-21.0% per year).

In value terms, the UK ($X), Spain ($X) and the Netherlands ($X) constituted the largest markets for ignition magneto exported from Switzerland worldwide, together comprising 98% of total exports. Austria and China lagged somewhat behind, together comprising a further 0.1%.

Among the main countries of destination, Austria, with a CAGR of +73.8%, saw 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 2021, the average ignition magneto export price amounted to $X per unit, increasing by 58% against the previous year. Over the period under review, the export price posted a significant expansion. The growth pace was the most rapid in 2014 an increase of 428%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per unit), while the average price for exports to Austria ($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 the Netherlands (+107.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ignition Magneto Imports

Imports into Switzerland

In 2021, approx. X units of ignition magnetos, magneto-dynamos and magnetic flywheels were imported into Switzerland; picking up by 49% on the year before. Over the period under review, imports saw a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by 182%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, ignition magneto imports soared to $X in 2021. Overall, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by 120%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Italy (X units) constituted the largest ignition magneto supplier to Switzerland, accounting for a 47% share of total imports. Moreover, ignition magneto imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was held by the Netherlands (X units), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+30.3% per year) and the Netherlands (-10.2% per year).

In value terms, the United States ($X) constituted the largest supplier of ignition magnetos, magneto-dynamos and magnetic flywheels to Switzerland, comprising 51% of total imports. The second position in the ranking was taken by Germany ($X), with an 8.8% share of total imports. It was followed by the Netherlands, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.8% per year) and the Netherlands (-7.0% per year).

Import Prices by Country

The average ignition magneto import price stood at $X per unit in 2021, picking up by 37% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :