Switzerland: Working Wire Machine Market 2024

Working Wire Machine Market Size in Switzerland

In 2021, the Swiss working wire machine market decreased by -44% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption showed a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Working Wire Machine Production in Switzerland

In value terms, working wire machine production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. Working wire machine production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Working Wire Machine Exports

Exports from Switzerland

In 2021, overseas shipments of machines for working wire were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports saw a measured increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, working wire machine exports soared to $X in 2021. In general, exports, however, saw a pronounced slump. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), Germany (X units) and Lithuania (X units) were the main destinations of working wire machine exports from Switzerland, together comprising 29% of total exports. Italy, the Dominican Republic, Mexico, Guatemala, Honduras, Ukraine, India, France, El Salvador and Croatia lagged somewhat behind, together accounting for a further 53%.

From 2012 to 2021, the biggest increases were recorded for Guatemala (with a CAGR of +69.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for machines for working wire exports from Switzerland, comprising 39% of total exports. The second position in the ranking was held by Croatia ($X), with an 11% share of total exports. It was followed by Germany, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+22.2% per year) and Germany (-8.1% per year).

Export Prices by Country

The average working wire machine export price stood at $X per unit in 2021, shrinking by -28.2% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth was the most pronounced in 2014 an increase of 14% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Croatia ($X per unit), while the average price for exports to India ($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 France (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.

Working Wire Machine Imports

Imports into Switzerland

In 2021, supplies from abroad of machines for working wire was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports posted a modest expansion. The growth pace was the most rapid in 2017 when imports increased by 206% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, working wire machine imports fell markedly to $X in 2021. In general, imports posted prominent growth. The pace of growth was the most pronounced in 2014 when imports increased by 75% against the previous year. Imports peaked at $X in 2020, and then fell rapidly in the following year.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of working wire machine to Switzerland, accounting for a 51% share of total imports. Moreover, working wire machine imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The United States (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.7% per year) and the United States (+3.2% per year).

In value terms, Germany ($X) constituted the largest supplier of machines for working wire to Switzerland, comprising 60% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by Austria, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.7% per year) and Austria (+1.9% per year).

Import Prices by Country

In 2021, the average working wire machine import price amounted to $X per unit, which is down by -67% against the previous year. Overall, the import price, however, recorded a strong expansion. The growth pace was the most rapid in 2018 when the average import price increased by 154%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :