Switzerland: Insulating Fittings Market 2024

Insulating Fittings Market Size in Switzerland

In 2021, the Swiss insulating fittings market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, showed a abrupt descent. Insulating fittings consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Insulating Fittings Production in Switzerland

In value terms, insulating fittings production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 2.1% against the previous year. Insulating fittings production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Insulating Fittings Exports

Exports from Switzerland

In 2021, insulating fittings exports from Switzerland declined to X tons, with a decrease of -12.9% against 2020. Overall, exports showed a deep slump. The growth pace was the most rapid in 2020 with an increase of 15% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, insulating fittings exports expanded rapidly to $X in 2021. Over the period under review, exports saw a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Croatia (X tons) was the main destination for insulating fittings exports from Switzerland, with a 37% share of total exports. Moreover, insulating fittings exports to Croatia exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Croatia stood at +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-7.5% per year) and the Netherlands (+0.9% per year).

In value terms, China ($X), Germany ($X) and Austria ($X) constituted the largest markets for insulating fittings exported from Switzerland worldwide, together comprising 59% of total exports. Croatia, the Netherlands, Russia, India, Ukraine, Australia, Italy and France lagged somewhat behind, together comprising a further 32%.

Croatia, with a CAGR of +1.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average insulating fittings export price stood at $X per ton in 2021, picking up by 21% against the previous year. In general, the export price, however, recorded a deep setback. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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 India ($X per ton), while the average price for exports to Croatia ($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 France (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Fittings Imports

Imports into Switzerland

Insulating fittings imports into Switzerland skyrocketed to X tons in 2021, jumping by 39% against the year before. Overall, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 47% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, insulating fittings imports surged to $X in 2021. Over the period under review, imports, however, recorded a drastic downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Croatia (X tons), China (X tons) and France (X tons) were the main suppliers of insulating fittings imports to Switzerland, with a combined 68% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Croatia (with a CAGR of +33.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), France ($X) and China ($X) constituted the largest insulating fittings suppliers to Switzerland, with a combined 62% share of total imports.

China, with a CAGR of +11.6%, recorded the highest rates of growth with regard to 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 insulating fittings import price amounted to $X per ton, waning by -4.3% against the previous year. In general, the import price recorded a abrupt decrease. The growth pace was the most rapid in 2018 when the average import price increased by 22%. The import price peaked at $X per ton in 2012; however, from 2013 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 United States ($X per ton), while the price for Croatia ($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 United States (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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