Switzerland: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Switzerland

The Swiss iron or steel leaf-spring market was estimated at $X in 2022, standing approx. at the previous year. In general, consumption, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the market value increased by 2.5% against the previous year. Iron or steel leaf-spring consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in Switzerland

In value terms, iron or steel leaf-spring production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production showed a mild downturn. The growth pace was the most rapid in 2016 with an increase of 12% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Switzerland

In 2022, exports of iron or steel leaf-springs and leaves from Switzerland declined to X tons, waning by -2.3% on the previous year's figure. Over the period under review, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 90% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, iron or steel leaf-spring exports reached $X in 2022. In general, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +10.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 48%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), the United States (X tons) and Romania (X tons) were the main destinations of iron or steel leaf-spring exports from Switzerland, with a combined 75% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +50.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for iron or steel leaf-springs and leaves exports from Switzerland, comprising 32% of total exports. The second position in the ranking was taken by the United States ($X), with a 13% share of total exports. It was followed by Austria, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+16.3% per year) and Austria (+12.6% per year).

Export Prices by Country

The average iron or steel leaf-spring export price stood at $X per ton in 2022, with an increase of 6.9% against the previous year. Over the period under review, the export price, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to the United States ($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 Austria (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Switzerland

In 2022, supplies from abroad of iron or steel leaf-springs and leaves increased by 8.4% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of 65%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, iron or steel leaf-spring imports rose to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 21%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest iron or steel leaf-spring supplier to Switzerland, accounting for a 51% share of total imports. Moreover, iron or steel leaf-spring imports from Germany exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), eightfold. The third position in this ranking was held by Italy (X tons), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+8.9% per year) and Italy (-8.6% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel leaf-springs and leaves to Switzerland, comprising 62% of total imports. The second position in the ranking was taken by France ($X), with a 5% share of total imports. It was followed by Italy, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.7% per year) and Italy (-6.9% per year).

Import Prices by Country

In 2022, the average iron or steel leaf-spring import price amounted to $X per ton, falling by -4% against the previous year. Over the period under review, the import price, however, enjoyed a notable expansion. The pace of growth was the most pronounced in 2016 an increase of 74% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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