Switzerland: Market for Iron or Steel Cans 2024

Market Size for Iron or Steel Cans in Switzerland

The Swiss iron or steel can market fell to $X in 2021, reducing by -10.8% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Iron or Steel Cans in Switzerland

In value terms, iron or steel can production dropped to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 16%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Iron or Steel Cans

Exports from Switzerland

In 2021, shipments abroad of iron or steel cans increased by 5.8% to X units, rising for the second year in a row after five years of decline. Overall, exports saw a mild expansion. The most prominent rate of growth was recorded in 2020 with an increase of 115% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, iron or steel can exports soared to $X in 2021. In general, exports posted slight growth. The most prominent rate of growth was recorded in 2020 with an increase of 143%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units), Estonia (X units) and the Netherlands (X units) were the main destinations of iron or steel can exports from Switzerland, together comprising 73% of total exports. The UK, Germany, Thailand, the United Arab Emirates, Austria and Italy lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +206.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Estonia ($X) were the largest markets for iron or steel can exported from Switzerland worldwide, together comprising 69% of total exports. These countries were followed by the United Arab Emirates, the UK, Germany, Thailand, Italy and Austria, which together accounted for a further 26%.

In terms of the main countries of destination, Thailand, with a CAGR of +193.4%, saw the highest rates of growth with regard to 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 iron or steel can export price amounted to $X per unit, jumping by 21% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Thailand ($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 Italy (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Cans

Imports into Switzerland

In 2021, overseas purchases of iron or steel cans decreased by -23.6% to X units for the first time since 2016, thus ending a four-year rising trend. Overall, imports, however, posted a measured expansion. The pace of growth was the most pronounced in 2020 with an increase of 37%. As a result, imports reached the peak of X units, and then reduced rapidly in the following year.

In value terms, iron or steel can imports reduced to $X in 2021. Over the period under review, total imports 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, imports increased by +78.5% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of 32%. Over the period under review, imports reached the maximum at $X in 2020, and then declined in the following year.

Imports by Country

The Netherlands (X units), Germany (X units) and Turkey (X units) were the main suppliers of iron or steel can imports to Switzerland, with a combined 82% share of total imports.

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 +103.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Turkey ($X) constituted the largest iron or steel can suppliers to Switzerland, together comprising 71% of total imports.

Turkey, with a CAGR of +93.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average iron or steel can import price stood at $X per unit in 2021, growing by 15% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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