Switzerland: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Switzerland

The Swiss jacks and hoists market was estimated at $X in 2022, increasing by 15% against the previous year. Overall, consumption, however, recorded a pronounced reduction. Jacks and hoists consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Jacks And Hoists Production in Switzerland

In value terms, jacks and hoists production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by 15%. Jacks and hoists production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Jacks And Hoists Exports

Exports from Switzerland

For the fourth consecutive year, Switzerland recorded decline in overseas shipments of jacks and hoists for raising vehicles, which decreased by -75% to X units in 2022. In general, exports saw a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by 18% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, jacks and hoists exports declined rapidly to $X in 2022. Over the period under review, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for jacks and hoists exports from Switzerland, accounting for a 33% share of total exports. Moreover, jacks and hoists exports to the United States exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was held by Belgium (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-17.2% per year) and Belgium (+34.7% per year).

In value terms, the United States ($X) remains the key foreign market for jacks and hoists for raising vehicles exports from Switzerland, comprising 34% of total exports. The second position in the ranking was held by Germany ($X), with a 12% share of total exports. It was followed by Belgium, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-17.5% per year) and Belgium (+37.4% per year).

Export Prices by Country

In 2022, the average jacks and hoists export price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Jacks And Hoists Imports

Imports into Switzerland

In 2022, the amount of jacks and hoists for raising vehicles imported into Switzerland stood at X units, growing by 7.5% compared with 2021. Overall, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +2.2% 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 +54.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 44%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, jacks and hoists imports skyrocketed to $X in 2022. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), China (X units) and France (X units) were the main suppliers of jacks and hoists imports to Switzerland, with a combined 64% share of total imports. Germany, Bulgaria, Taiwan (Chinese), the United States and Norway lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +203.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of jacks and hoists for raising vehicles to Switzerland, comprising 44% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by the United States, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.2% per year) and the United States (+6.5% per year).

Import Prices by Country

In 2022, the average jacks and hoists import price amounted to $X per unit, picking up by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decline. The growth pace was the most rapid in 2020 an increase of 55% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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