Switzerland: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Switzerland

The Swiss polishes for coachwork market expanded significantly to $X in 2022, increasing by 9.9% against the previous year. Over the period under review, consumption showed buoyant growth. Polishes for coachwork consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Polishes For Coachwork Production in Switzerland

In value terms, polishes for coachwork production totaled $X in 2022 estimated in export price. In general, production, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2016 with an increase of 147%. Polishes for coachwork production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Polishes For Coachwork Exports

Exports from Switzerland

After two years of growth, shipments abroad of polishes for coachwork decreased by -31.9% to X tons in 2022. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 19%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, polishes for coachwork exports shrank markedly to $X in 2022. The total export value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 32%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

Germany (X tons) was the main destination for polishes for coachwork exports from Switzerland, accounting for a 21% share of total exports. Moreover, polishes for coachwork exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), twofold. The third position in this ranking was held by the UK (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+0.5% per year) and the UK (-2.8% per year).

In value terms, the largest markets for polishes for coachwork exported from Switzerland were Germany ($X), the UK ($X) and China ($X), with a combined 50% share of total exports.

China, with a CAGR of +32.6%, saw the highest growth rate of the value of exports, among 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

In 2022, the average polishes for coachwork export price amounted to $X per ton, jumping by 17% against the previous year. Overall, the export price showed a strong increase. The growth pace was the most rapid in 2020 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports into Switzerland

In 2022, imports of polishes for coachwork into Switzerland was estimated at X tons, approximately mirroring the year before. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 27%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, polishes for coachwork imports dropped to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest polishes for coachwork supplier to Switzerland, accounting for a 42% share of total imports. Moreover, polishes for coachwork imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+12.3% per year) and the United States (+5.9% per year).

In value terms, Germany ($X) constituted the largest supplier of polishes for coachwork to Switzerland, comprising 49% of total imports. The second position in the ranking was held by the United States ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.2% per year) and the Netherlands (+5.8% per year).

Import Prices by Country

The average polishes for coachwork import price stood at $X per ton in 2022, falling by -13.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 19%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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