Switzerland: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in Switzerland

The Swiss metal hot-worked helical spring market was estimated at $X in 2021, with an increase of 9.5% against the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Metal hot-worked helical spring consumption peaked in 2021 and is likely to see steady growth in the near future.

Production of Iron or Steel Hot-Worked Helical Springs in Switzerland

In value terms, metal hot-worked helical spring production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 21%. Metal hot-worked helical spring production peaked at $X in 2020, and then declined modestly in the following year.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Switzerland

After two years of decline, shipments abroad of iron or steel hot-worked helical springs increased by 6.4% to X tons in 2021. In general, exports, however, recorded a mild shrinkage. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, metal hot-worked helical spring exports rose significantly to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for metal hot-worked helical spring exports from Switzerland, with a 35% share of total exports. Moreover, metal hot-worked helical spring exports to Germany exceeded the volume sent to the second major destination, Denmark (X tons), twofold. France (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+18.7% per year) and France (+3.3% per year).

In value terms, the largest markets for metal hot-worked helical spring exported from Switzerland were Germany ($X), Denmark ($X) and France ($X), together accounting for 46% of total exports. These countries were followed by Poland, the United States, Italy, Austria, Sweden, Ireland, Romania, Spain, India and Turkey, which together accounted for a further 31%.

Ireland, with a CAGR of +70.6%, recorded 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 more modest paces of growth.

Export Prices by Country

In 2021, the average metal hot-worked helical spring export price amounted to $X per ton, rising by 5.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 7.7%. The export price peaked 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 United States ($X per ton), while the average price for exports to Sweden ($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 United States (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Switzerland

In 2021, purchases abroad of iron or steel hot-worked helical springs increased by 401% to X tons, rising for the third consecutive year after two years of decline. In general, imports, however, continue to indicate a mild downturn. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, metal hot-worked helical spring imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 13% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest metal hot-worked helical spring supplier to Switzerland, with a 77% share of total imports. Moreover, metal hot-worked helical spring imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was held by Sweden (X tons), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.1% per year) and Sweden (+17.6% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel hot-worked helical springs to Switzerland, comprising 71% of total imports. The second position in the ranking was taken by Italy ($X), with an 8% share of total imports. It was followed by France, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.6% per year) and France (+15.2% per year).

Import Prices by Country

In 2021, the average metal hot-worked helical spring import price amounted to $X per ton, falling by -78.2% against the previous year. Overall, the import price, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2017 an increase of 569%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :