Switzerland: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Switzerland

The Swiss market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2021, with an increase of 15% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2021: its value 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, consumption decreased by -20.3% against 2017 indices. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in Switzerland

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) rose markedly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -20.1% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 77%. Over the period under review, production of hit record highs at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from Switzerland

After two years of decline, overseas shipments of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 17% to X tons in 2021. In general, exports continue to indicate a notable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 204% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) surged to $X in 2021. Over the period under review, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 103% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Switzerland, accounting for a 77% share of total exports. Moreover, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Germany exceeded the volume sent to the second major destination, Russia (X tons), more than tenfold. Austria (X tons) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+91.5% per year) and Austria (-2.5% per year).

In value terms, Germany ($X) remains the key foreign market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports from Switzerland, comprising 78% of total exports. The second position in the ranking was taken by Russia ($X), with a 7% share of total exports. It was followed by the Czech Republic, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+83.6% per year) and the Czech Republic (+0.6% per year).

Export Prices by Country

In 2021, the average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, increasing by 4.9% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2021: its price 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, export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by +52.5% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 33%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the Netherlands ($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 the Netherlands (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into Switzerland

In 2021, supplies from abroad of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 9.8% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2017 when imports increased by 27%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 28%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

Japan (X tons), the United States (X tons) and China (X tons) were the main suppliers of imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Switzerland, with a combined 77% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +15.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X), the United States ($X) and Germany ($X) constituted the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) suppliers to Switzerland, with a combined 83% share of total imports. These countries were followed by China, Italy, Thailand and Belgium, which together accounted for a further 14%.

Among the main suppliers, China, with a CAGR of +12.7%, saw 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

The average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per ton in 2021, growing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 an increase of 22% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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 ($X per ton), while the price for China ($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 (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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