Switzerland: Ball Bearing Parts Market 2022

Ball Bearing Parts Market Size in Switzerland

The Swiss ball bearing parts market totaled $X in 2021, picking up by 6.4% against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Ball bearing parts consumption peaked in 2021 and is likely to continue growth in years to come.

Ball Bearing Parts Production in Switzerland

In value terms, ball bearing parts production contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 24%. Over the period under review, production reached the peak level at $X in 2020, and then shrank modestly in the following year.

Ball Bearing Parts Exports

Exports from Switzerland

In 2021, approx. X tons of parts of ball or roller bearings were exported from Switzerland; increasing by 16% compared with the previous year. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 58%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, ball bearing parts exports surged to $X in 2021. Over the period under review, total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +57.0% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of 48% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for ball bearing parts exports from Switzerland, accounting for a 63% share of total exports. Moreover, ball bearing parts exports to Germany exceeded the volume sent to the second major destination, Bulgaria (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+177.4% per year) and Italy (+0.4% per year).

In value terms, Germany ($X) remains the key foreign market for ball bearing parts exports from Switzerland, comprising 49% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by the United States, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+6.5% per year) and the United States (+6.2% per year).

Export Prices by Country

The average ball bearing parts export price stood at $X per ton in 2021, growing by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2014 an increase of 22%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports into Switzerland

In 2021, supplies from abroad of parts of ball or roller bearings was finally on the rise to reach X tons after two years of decline. Overall, total imports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, ball bearing parts imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. 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.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of ball bearing parts to Switzerland, accounting for a 54% share of total imports. Moreover, ball bearing parts imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.2% per year) and Taiwan (Chinese) (+45.8% per year).

In value terms, Germany ($X) constituted the largest supplier of ball bearing parts to Switzerland, comprising 44% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by France, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+41.0% per year) and France (+23.7% per year).

Import Prices by Country

In 2021, the average ball bearing parts import price amounted to $X per ton, declining by -9.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 33%. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then dropped in the following year.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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