Switzerland: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Switzerland

After four years of growth, the Swiss machine tool for metal market decreased by -2.9% to $X in 2021. In general, consumption, however, showed a relatively flat trend pattern. Machine tool for metal consumption peaked at $X in 2020, and then reduced modestly in the following year.

Production of Machine Tools For Working Metal Without Removing Metal in Switzerland

In value terms, machine tool for metal production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 5.2% against the previous year. As a result, production attained the peak level of $X, and then declined slightly in the following year.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Switzerland

In 2021, overseas shipments of machine tools for working metal without removing metal increased by 4.7% to X units, rising for the second consecutive year after two years of decline. In general, total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +78.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 71%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, machine tool for metal exports declined sharply to $X in 2021. Overall, exports, however, continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2020 with an increase of 33% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for machine tool for metal exports from Switzerland, accounting for a 48% share of total exports. Moreover, machine tool for metal exports to the United States exceeded the volume sent to the second major destination, Germany (X units), fourfold. The third position in this ranking was taken by China (X units), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.1% per year) and China (-2.1% per year).

In value terms, the United States ($X) remains the key foreign market for machine tools for working metal without removing metal exports from Switzerland, comprising 32% of total exports. The second position in the ranking was taken by China ($X), with a 16% share of total exports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+1.8% per year) and Germany (-10.2% per year).

Export Prices by Country

The average machine tool for metal export price stood at $X per unit in 2021, reducing by -24.7% against the previous year. In general, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 18%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 the UK (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Switzerland

In 2021, machine tool for metal imports into Switzerland expanded rapidly to X units, with an increase of 5.3% compared with 2020. In general, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of 94% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, machine tool for metal imports reached $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 65%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X units), Italy (X units) and France (X units) were the main suppliers of machine tool for metal imports to Switzerland, with a combined 70% share of total imports. Luxembourg, Poland, Sweden, the United States, China, the UK and Canada lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +44.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machine tools for working metal without removing metal to Switzerland, comprising 49% of total imports. The second position in the ranking was held by France ($X), with a 24% share of total imports. It was followed by Italy, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+36.0% per year) and Italy (+7.1% per year).

Import Prices by Country

In 2021, the average machine tool for metal import price amounted to $X per unit, remaining constant against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 78%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Canada ($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 (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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