Switzerland: Measuring Instrument Market 2022

Measuring Instrument Market Size in Switzerland

In 2021, after four years of growth, there was significant decline in the Swiss measuring instrument market, when its value decreased by -24.1% to $X. Over the period under review, consumption continues to indicate a perceptible downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Measuring Instrument Production in Switzerland

In value terms, measuring instrument production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 21%. Measuring instrument production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Measuring Instrument Exports

Exports from Switzerland

In 2021, approx. X units of instruments and apparatus for measuring or checking the flow or level of liquids were exported from Switzerland; rising by 26% on the previous year. The total export volume increased at an average annual rate of +5.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 32% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, measuring instrument exports surged to $X in 2021. The total export value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), China (X units) and the United States (X units) were the main destinations of measuring instrument exports from Switzerland, together accounting for 65% of total exports. The UK, the Netherlands, Austria, France, Sweden, Italy, Spain, Poland, Slovakia and the Czech Republic lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +23.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for measuring instrument exported from Switzerland were Germany ($X), the United States ($X) and Italy ($X), with a combined 45% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +11.6%, saw the highest growth rate of 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 measuring instrument export price amounted to $X per unit, almost unchanged from the previous year. Overall, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2017 an increase of 34%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per unit), while the average price for exports to China ($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 Czech Republic (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Measuring Instrument Imports

Imports into Switzerland

In 2021, the amount of instruments and apparatus for measuring or checking the flow or level of liquids imported into Switzerland skyrocketed to X units, growing by 81% on 2020 figures. Overall, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, measuring instrument imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest measuring instrument supplier to Switzerland, accounting for a 60% share of total imports. Moreover, measuring instrument imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X units), sevenfold. The third position in this ranking was taken by China (X units), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+34.0% per year) and China (+20.4% per year).

In value terms, Germany ($X) constituted the largest supplier of measuring instrument to Switzerland, comprising 45% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by the Netherlands, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.8% per year) and the Netherlands (+3.8% per year).

Import Prices by Country

The average measuring instrument import price stood at $X per unit in 2021, shrinking by -35.3% against the previous year. In general, the import price showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 29%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while the price for China ($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 Netherlands (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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