Switzerland: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Switzerland

In 2021, the Swiss metal link chain parts market decreased by -22.2% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption recorded a deep reduction. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Parts Of Articulated Link Chain in Switzerland

In value terms, metal link chain parts production expanded markedly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 131%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Switzerland

In 2021, overseas shipments of iron or steel parts of articulated link chain were finally on the rise to reach X tons after four years of decline. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 748%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, metal link chain parts exports surged to $X in 2021. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2015 with an increase of 358%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for metal link chain parts exports from Switzerland, accounting for a 74% share of total exports. Moreover, metal link chain parts exports to China exceeded the volume sent to the second major destination, the United States (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total exports with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +154.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+102.1% per year) and the Czech Republic (-10.5% per year).

In value terms, China ($X) remains the key foreign market for iron or steel parts of articulated link chain exports from Switzerland, comprising 67% of total exports. The second position in the ranking was held by the United States ($X), with a 19% share of total exports. It was followed by the Czech Republic, with a 2% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +97.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+57.2% per year) and the Czech Republic (-3.5% per year).

Export Prices by Country

In 2021, the average metal link chain parts export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2014 when the average export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the United States ($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 Czech Republic (+7.8%), while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Switzerland

In 2021, the amount of iron or steel parts of articulated link chain imported into Switzerland declined markedly to X tons, reducing by -20.5% against 2020. In general, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 59% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, metal link chain parts imports reduced sharply to $X in 2021. Over the period under review, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.5% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 55%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and China (X tons) were the main suppliers of metal link chain parts imports to Switzerland, together accounting for 74% of total imports. These countries were followed by the UK, Japan, the Czech Republic, Austria and France, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +24.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of iron or steel parts of articulated link chain to Switzerland, comprising 44% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.9% per year) and China (+6.2% per year).

Import Prices by Country

In 2021, the average metal link chain parts import price amounted to $X per ton, with an increase of 2.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 32%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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 France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :