Switzerland: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Switzerland

In 2021, after two years of decline, there was significant growth in the Swiss lathe for removing metal market, when its value increased by 153% to $X. Overall, consumption continues to indicate strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Lathes For Removing Metal in Switzerland

In value terms, lathe for removing metal production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 122% against the previous year. Over the period under review, lafor removing metal production reached the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Lathes For Removing Metal

Exports from Switzerland

In 2021, shipments abroad of lathes for removing metal increased by 36% to X units for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a mild setback. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, lathe for removing metal exports skyrocketed to $X in 2021. Overall, exports, however, showed a pronounced shrinkage. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units), Bosnia and Herzegovina (X units) and Italy (X units) were the main destinations of lathe for removing metal exports from Switzerland, together accounting for 42% of total exports. France, Portugal, Turkey, Serbia, Sweden, Russia, Morocco, Poland, the United States and the UK lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +49.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) appeared to be the largest markets for lathe for removing metal exported from Switzerland worldwide, together comprising 48% of total exports. These countries were followed by Portugal, the United States, the UK, Turkey, Russia, Sweden, Bosnia and Herzegovina, Poland, Serbia and Morocco, which together accounted for a further 23%.

In terms of the main countries of destination, Bosnia and Herzegovina, with a CAGR of +39.7%, recorded the highest growth rate of the value of exports, 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 lathe for removing metal export price amounted to $X per unit, rising by 32% against the previous year. In general, the export price, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2018 an increase of 39% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Morocco ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathes For Removing Metal

Imports into Switzerland

In 2021, imports of lathes for removing metal into Switzerland soared to X units, increasing by 107% on the previous year. Overall, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lathe for removing metal imports rose slightly to $X in 2021. Over the period under review, imports, however, recorded a mild decline. The pace of growth appeared the most rapid in 2018 when imports increased by 30%. Over the period under review, lafor removing metal imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and the UK (X units) were the main suppliers of lathe for removing metal imports to Switzerland, with a combined 58% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +43.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and Taiwan (Chinese) ($X) were the largest lathe for removing metal suppliers to Switzerland, together accounting for 61% of total imports. Italy, China, France, South Korea and the UK lagged somewhat behind, together accounting for a further 26%.

China, with a CAGR of +18.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lathe for removing metal import price stood at $X per unit in 2021, dropping by -50.8% against the previous year. Overall, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by 23%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, 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 Japan ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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