Switzerland: Spades And Shovels Market 2024

Spades And Shovels Market Size in Switzerland

The Swiss spades and shovels market surged to $X in 2021, with an increase of 65% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +55.6% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Spades And Shovels Exports

Exports from Switzerland

For the fifth consecutive year, Switzerland recorded growth in overseas shipments of spades and shovels, which increased by 22% to X tons in 2021. Over the period under review, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 70%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, spades and shovels exports dropped to $X in 2021. Overall, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of 113%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Albania (X tons) was the main destination for spades and shovels exports from Switzerland, accounting for a 67% share of total exports. Moreover, spades and shovels exports to Albania exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was taken by Vietnam (X tons), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to Albania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-6.9% per year) and Vietnam (0.0% per year).

In value terms, Germany ($X), Vietnam ($X) and Austria ($X) appeared to be the largest markets for spades and shovels exported from Switzerland worldwide, together accounting for 87% of total exports. These countries were followed by Luxembourg and Albania, which together accounted for a further 5.9%.

Among the main countries of destination, Luxembourg, with a CAGR of +274.9%, 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

In 2021, the average spades and shovels export price amounted to $X per ton, which is down by -19.4% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when the average export price increased by 31%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Albania ($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 Serbia (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Spades And Shovels Imports

Imports into Switzerland

Spades and shovels imports into Switzerland skyrocketed to X tons in 2021, growing by 61% compared with the previous year's figure. Overall, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +110.4% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spades and shovels imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. 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

China (X tons), Austria (X tons) and Germany (X tons) were the main suppliers of spades and shovels imports to Switzerland, together comprising 77% of total imports. Mexico, Poland, Taiwan (Chinese) and Italy lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +27.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spades and shovels suppliers to Switzerland were China ($X), Austria ($X) and Taiwan (Chinese) ($X), together accounting for 66% of total imports. These countries were followed by Germany, Mexico, Poland and Italy, which together accounted for a further 26%.

In terms of the main suppliers, Poland, with a CAGR of +21.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average spades and shovels import price amounted to $X per ton, picking up by 2.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 83%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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 Taiwan (Chinese) ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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