Switzerland: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in Switzerland

The Swiss balancing mechanical parts machine market skyrocketed to $X in 2021, jumping by 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a slight shrinkage. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Machines For Balancing Mechanical Parts

Exports from Switzerland

In 2021, overseas shipments of machines for balancing mechanical parts decreased by -7.5% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, showed a modest expansion. The pace of growth appeared the most rapid in 2017 with an increase of 233%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, balancing mechanical parts machine exports declined to $X in 2021. Overall, exports saw a perceptible decrease. The pace of growth appeared the most rapid in 2014 with an increase of 74% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam (X units) was the main destination for balancing mechanical parts machine exports from Switzerland, with a 35% share of total exports. Moreover, balancing mechanical parts machine exports to Vietnam exceeded the volume sent to the second major destination, Spain (X units), twofold. The third position in this ranking was held by Germany (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam totaled +49.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+23.7% per year) and Germany (-5.4% per year).

In value terms, the largest markets for balancing mechanical parts machine exported from Switzerland were Germany ($X), Vietnam ($X) and Italy ($X), together comprising 71% of total exports. The UK, the United States, Spain, China, Poland, France, India and Oman lagged somewhat behind, together comprising a further 18%.

Oman, with a CAGR of +84.0%, recorded the highest growth rate of the value of exports, in terms of 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

The average balancing mechanical parts machine export price stood at $X per unit in 2021, falling by -7.3% against the previous year. In general, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 535%. As a result, the export price reached 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 external markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to Spain ($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 Poland (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Balancing Mechanical Parts

Imports into Switzerland

Balancing mechanical parts machine imports into Switzerland surged to X units in 2021, with an increase of 20% compared with 2020. In general, imports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 with an increase of 36%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, balancing mechanical parts machine imports expanded significantly to $X in 2021. Over the period under review, imports, however, recorded a slight reduction. The pace of growth was the most pronounced in 2019 when imports increased by 35% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of balancing mechanical parts machine imports to Switzerland, with a combined 65% share of total imports. The UK, the Czech Republic, Japan, Turkey, Taiwan (Chinese) and Austria lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +180.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and the UK ($X) were the largest balancing mechanical parts machine suppliers to Switzerland, with a combined 82% share of total imports. These countries were followed by China, Turkey, Austria, the Czech Republic, Japan and Taiwan (Chinese), which together accounted for a further 11%.

Turkey, with a CAGR of +224.0%, saw the highest growth rate of 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

The average balancing mechanical parts machine import price stood at $X per unit in 2021, shrinking by -8.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 25%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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