Switzerland: Interchangeable Spanner Socket Market 2025

Interchangeable Spanner Socket Market Size in Switzerland

In 2022, after two years of growth, there was decline in the Swiss interchangeable spanner socket market, when its value decreased by -0.7% to $X. Over the period under review, consumption, however, continues to indicate a strong expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Interchangeable Spanner Socket Production in Switzerland

In value terms, interchangeable spanner socket production reached $X in 2022 estimated in export price. In general, production saw a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 387% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Interchangeable Spanner Socket Exports

Exports from Switzerland

Interchangeable spanner socket exports from Switzerland dropped markedly to X tons in 2022, with a decrease of -32.3% compared with 2021. Over the period under review, exports recorded a mild reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 60%. As a result, the exports reached the peak of X tons, and then declined sharply in the following year.

In value terms, interchangeable spanner socket exports fell remarkably to $X in 2022. Overall, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

Germany (X tons) was the main destination for interchangeable spanner socket exports from Switzerland, accounting for a 28% share of total exports. Moreover, interchangeable spanner socket exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+2.5% per year) and France (-9.5% per year).

In value terms, Germany ($X) remains the key foreign market for interchangeable spanner sockets exports from Switzerland, comprising 24% of total exports. The second position in the ranking was held by Austria ($X), with an 8.1% share of total exports. It was followed by Norway, with a 7% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+1.7% per year) and Norway (+9.3% per year).

Export Prices by Country

The average interchangeable spanner socket export price stood at $X per ton in 2022, with an increase of 3.8% against the previous year. Over the period under review, the export price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 24%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Interchangeable Spanner Socket Imports

Imports into Switzerland

In 2022, the amount of interchangeable spanner sockets imported into Switzerland declined to X tons, which is down by -11.7% against the previous year. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 56% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, interchangeable spanner socket imports shrank to $X in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Germany (X tons) were the main suppliers of interchangeable spanner socket imports to Switzerland, with a combined 93% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +6.6%), while purchases for the other leaders experienced a decline.

In value terms, the largest interchangeable spanner socket suppliers to Switzerland were Germany ($X), Taiwan (Chinese) ($X) and China ($X), together accounting for 84% of total imports.

China, with a CAGR of +5.7%, saw 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 2022, the average interchangeable spanner socket import price amounted to $X per ton, with an increase of 5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 32%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :