Switzerland: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Switzerland

The Swiss spherical roller bearing market shrank to $X in 2021, which is down by -5.8% 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). In general, consumption recorded a pronounced decrease. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Spherical Roller Bearing Exports

Exports from Switzerland

In 2021, exports of spherical roller bearings from Switzerland soared to X tons, increasing by 42% against the previous year. In general, exports showed a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by 74%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, spherical roller bearing exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 59%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for spherical roller bearing exports from Switzerland, accounting for a 34% share of total exports. Moreover, spherical roller bearing exports to Germany exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was taken by Austria (X tons), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+57.5% per year) and Austria (+15.3% per year).

In value terms, Germany ($X) remains the key foreign market for spherical roller bearings exports from Switzerland, comprising 30% of total exports. The second position in the ranking was taken by China ($X), with an 11% share of total exports. It was followed by Italy, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+42.3% per year) and Italy (-0.3% per year).

Export Prices by Country

The average spherical roller bearing export price stood at $X per ton in 2021, increasing by 6.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 15%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Austria ($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 Belgium (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Spherical Roller Bearing Imports

Imports into Switzerland

In 2021, imports of spherical roller bearings into Switzerland contracted modestly to X tons, declining by -2.9% on 2020. Overall, imports saw a slight decrease. The pace of growth was the most pronounced in 2014 when imports increased by 17% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, spherical roller bearing imports rose markedly to $X in 2021. Over the period under review, imports saw a slight decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 15%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Sweden (X tons) constituted the largest spherical roller bearing supplier to Switzerland, accounting for a 51% share of total imports. Moreover, spherical roller bearing imports from Sweden exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+3.8% per year) and Germany (-10.5% per year).

In value terms, Sweden ($X) constituted the largest supplier of spherical roller bearings to Switzerland, comprising 42% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by the UK, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from Sweden stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.4% per year) and the UK (+2.5% per year).

Import Prices by Country

The average spherical roller bearing import price stood at $X per ton in 2021, increasing by 10% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :