Switzerland: Wire And Cable Market 2024

Wire And Cable Market Size in Switzerland

In 2021, the Swiss wire and cable market increased by 8.7% to $X, rising for the sixth consecutive year after three years of decline. Over the period under review, consumption continues to indicate a prominent expansion. Wire and cable consumption peaked in 2021 and is likely to see gradual growth in years to come.

Wire And Cable Production in Switzerland

In value terms, wire and cable production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed prominent growth. The growth pace was the most rapid in 2016 when the production volume increased by 100%. Wire and cable production peaked at $X in 2020, and then fell slightly in the following year.

Wire And Cable Exports

Exports from Switzerland

In 2021, overseas shipments of insulated wire and cable were finally on the rise to reach X tons after two years of decline. In general, exports, however, showed a perceptible descent. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wire and cable exports surged to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Italy (X tons) and Poland (X tons) were the main destinations of wire and cable exports from Switzerland, together comprising 59% of total exports. These countries were followed by the Netherlands, Austria, China, the United Arab Emirates, the Czech Republic, France, the United States, Norway and the UK, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +20.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for insulated wire and cable exports from Switzerland, comprising 29% of total exports. The second position in the ranking was held by Italy ($X), with a 12% share of total exports. It was followed by Poland, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+11.9% per year) and Poland (+9.2% per year).

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2021, increasing by 8.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2013 when the average export price increased by 12%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($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 China (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Switzerland

In 2021, supplies from abroad of insulated wire and cable increased by 74% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +95.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wire and cable imports soared to $X in 2021. The total import value increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Germany (X tons) and China (X tons) were the main suppliers of wire and cable imports to Switzerland, together accounting for 74% of total imports. Turkey, Poland, Austria, France, Slovakia and the Czech Republic lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +10.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and China ($X) appeared to be the largest wire and cable suppliers to Switzerland, together comprising 63% of total imports.

Among the main suppliers, China, with a CAGR of +12.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wire and cable import price amounted to $X per ton, shrinking by -26.8% against the previous year. Overall, the import price, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2016 an increase of 58% against the previous year. 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 stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Turkey ($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 Czech Republic (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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