Switzerland: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Switzerland

After two years of decline, the Swiss self-propelled excavating machinery market increased by 109% to $X in 2021. In general, consumption saw a relatively flat trend pattern. 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.

Self-Propelled Excavating Machinery Production in Switzerland

In value terms, self-propelled excavating machinery production totaled $X in 2021 estimated in export price. Overall, production showed a slight downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 45% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Self-Propelled Excavating Machinery Exports

Exports from Switzerland

In 2021, shipments abroad of self-propelled earth moving, excavating machinery decreased by -19.5% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 99%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, self-propelled excavating machinery exports shrank markedly to $X in 2021. Over the period under review, exports recorded a deep contraction. The pace of growth was the most pronounced in 2013 when exports increased by 120% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for self-propelled excavating machinery exports from Switzerland, with a 85% share of total exports. Moreover, self-propelled excavating machinery exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Serbia (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bosnia and Herzegovina amounted to +44.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (0.0% per year) and Germany (-18.1% per year).

In value terms, Germany ($X), Bosnia and Herzegovina ($X) and the Netherlands ($X) appeared to be the largest markets for self-propelled excavating machinery exported from Switzerland worldwide, with a combined 51% share of total exports.

Bosnia and Herzegovina, with a CAGR of +57.8%, 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 self-propelled excavating machinery export price stood at $X per unit in 2021, growing by 3.2% against the previous year. Overall, the export price, however, recorded a deep downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 85% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 the Netherlands (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Excavating Machinery Imports

Imports into Switzerland

In 2021, the amount of self-propelled earth moving, excavating machinery imported into Switzerland rose sharply to X units, picking up by 5.7% on 2020 figures. Overall, imports, however, recorded a mild reduction. The pace of growth was the most pronounced in 2014 with an increase of 12%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, self-propelled excavating machinery imports skyrocketed to $X in 2021. Over the period under review, imports posted a temperate expansion. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the UK (X units) constituted the largest supplier of self-propelled excavating machinery to Switzerland, accounting for a 45% share of total imports. Moreover, self-propelled excavating machinery imports from the UK exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Sweden (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at +40.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.9% per year) and Sweden (+1.0% per year).

In value terms, Sweden ($X) constituted the largest supplier of self-propelled earth moving, excavating machinery to Switzerland, comprising 57% of total imports. The second position in the ranking was held by Japan ($X), with a 13% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Sweden totaled +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+56.8% per year) and Italy (+23.3% per year).

Import Prices by Country

The average self-propelled excavating machinery import price stood at $X per unit in 2021, rising by 184% against the previous year. Overall, the import price continues to indicate moderate growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+47.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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