Switzerland: Metal Spring Washer Market 2024

Metal Spring Washer Market Size in Switzerland

In 2022, the Swiss metal spring washer market increased by 6.9% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Metal spring washer consumption peaked in 2022 and is expected to retain growth in the near future.

Metal Spring Washer Production in Switzerland

In value terms, metal spring washer production dropped to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 33% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Metal Spring Washer Exports

Exports from Switzerland

In 2022, the amount of iron or steel spring washers exported from Switzerland declined slightly to X tons, approximately reflecting the year before. The total export volume increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 18%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, metal spring washer exports reached $X in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 11%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Austria (X tons) and Poland (X tons) were the main destinations of metal spring washer exports from Switzerland, with a combined 29% share of total exports. Italy, Germany, the Czech Republic, Belgium, the United States, China, Denmark, Egypt, the UK and India lagged somewhat behind, together accounting for a further 51%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +31.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) appeared to be the largest markets for metal spring washer exported from Switzerland worldwide, with a combined 37% share of total exports.

Belgium, with a CAGR of +41.6%, recorded the highest rates of growth with regard to the value of exports, among 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 2022, the average metal spring washer export price amounted to $X per ton, picking up by 6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2021 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Egypt ($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 Belgium (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Spring Washer Imports

Imports into Switzerland

In 2022, purchases abroad of iron or steel spring washers increased by 31% to X tons, rising for the second consecutive year after six years of decline. Overall, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +130.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 76%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, metal spring washer imports totaled $X in 2022. The total import value increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of metal spring washer to Switzerland, accounting for a 48% share of total imports. Moreover, metal spring washer imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by China (X tons), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.1% per year) and China (+24.6% per year).

In value terms, Germany ($X), Italy ($X) and Sweden ($X) appeared to be the largest metal spring washer suppliers to Switzerland, with a combined 70% share of total imports. China, Poland, India and Croatia lagged somewhat behind, together comprising a further 9.4%.

Croatia, with a CAGR of +355.2%, recorded the highest rates of growth with regard to 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

In 2022, the average metal spring washer import price amounted to $X per ton, which is down by -20.1% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 37% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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