Switzerland: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Switzerland

In 2021, the Swiss market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by 2.7% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, posted a prominent increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Switzerland

In value terms, grease fittings and oil seals production declined rapidly to $X in 2021 estimated in export price. In general, production, however, showed a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 653%. Grease fittings and oil seals production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from Switzerland

In 2021, shipments abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels was finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, saw a slight shrinkage. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, grease fittings and oil seals exports expanded rapidly to $X in 2021. Overall, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.4% 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 decreased by -18.2% against 2019 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 22%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for grease fittings and oil seals exports from Switzerland, with a 28% share of total exports. Moreover, grease fittings and oil seals exports to Germany exceeded the volume sent to the second major destination, Austria (X units), threefold. The third position in this ranking was held by Italy (X units), with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+1.1% per year) and Italy (+1.9% per year).

In value terms, the largest markets for grease fittings and oil seals exported from Switzerland were Germany ($X), Romania ($X) and Belgium ($X), with a combined 45% share of total exports.

Among the main countries of destination, Romania, with a CAGR of +93.3%, 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

The average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2021, dropping by -9.6% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grease fittings and oil seals export price increased by +37.6% against 2014 indices. The pace of growth appeared the most rapid in 2019 an increase of 19% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020, and then shrank in the following year.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per unit), while the average price for exports to Serbia ($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 Romania (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into Switzerland

In 2021, purchases abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels was finally on the rise to reach X units after two years of decline. Overall, imports showed a relatively flat trend pattern. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, grease fittings and oil seals imports surged to $X in 2021. The total import value increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern 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.

Imports by Country

Germany (X units), the Czech Republic (X units) and Romania (X units) were the main suppliers of grease fittings and oil seals imports to Switzerland, together comprising 73% of total imports.

From 2012 to 2021, the biggest increases were in Romania (with a CAGR of +101.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and Belgium ($X) appeared to be the largest grease fittings and oil seals suppliers to Switzerland, with a combined 66% share of total imports.

Romania, with a CAGR of +128.2%, recorded 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 import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $X per unit in 2021, increasing by 13% against the previous year. Overall, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, grease fittings and oil seals import price increased by +41.5% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 21%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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