Switzerland: Market for Tube Or Pipe Fittings (Of Iron Or Steel) 2024

Market Size for Tube Or Pipe Fittings (Of Iron Or Steel) in Switzerland

The Swiss market for tube or pipe fittings (of iron or steel) amounted to $X in 2022, growing by 1.8% against the previous year. Over the period under review, consumption, however, continues to indicate resilient growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Production of Tube Or Pipe Fittings (Of Iron Or Steel) in Switzerland

In value terms, iron or steel tube fitting production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a significant expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by 216%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Tube Or Pipe Fittings (Of Iron Or Steel)

Exports from Switzerland

In 2022, shipments abroad of tube or pipe fittings (of iron or steel) increased by 11% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 19% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, iron or steel tube fitting exports skyrocketed to $X in 2022. Overall, exports, however, recorded a pronounced slump. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for iron or steel tube fitting exports from Switzerland, with a 38% share of total exports. Moreover, iron or steel tube fitting exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), fourfold. France (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+3.5% per year) and France (-0.9% per year).

In value terms, Germany ($X) remains the key foreign market for tube or pipe fittings (of iron or steel) exports from Switzerland, comprising 43% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 10% share of total exports. It was followed by France, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-1.6% per year) and France (-6.3% per year).

Export Prices by Country

In 2022, the average export price for tube or pipe fittings (of iron or steel) amounted to $X per ton, surging by 4.3% against the previous year. Over the period under review, the export price, however, showed a mild reduction. The most prominent rate of growth was recorded in 2021 an increase of 22% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($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 the Netherlands (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tube Or Pipe Fittings (Of Iron Or Steel)

Imports into Switzerland

After two years of growth, supplies from abroad of tube or pipe fittings (of iron or steel) decreased by -1.2% to X tons in 2022. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 44%. As a result, imports reached the peak of X tons, and then contracted in the following year.

In value terms, iron or steel tube fitting imports rose significantly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 20%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of iron or steel tube fitting to Switzerland, accounting for a 40% share of total imports. Moreover, iron or steel tube fitting imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Austria (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.6% per year) and Austria (+8.1% per year).

In value terms, Germany ($X) constituted the largest supplier of tube or pipe fittings (of iron or steel) to Switzerland, comprising 47% of total imports. The second position in the ranking was taken by China ($X), with an 8.4% share of total imports. It was followed by Italy, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.9% per year) and Italy (+2.8% per year).

Import Prices by Country

In 2022, the average import price for tube or pipe fittings (of iron or steel) amounted to $X per ton, surging by 8.8% against the previous year. In general, the import price, however, recorded a slight decline. The pace of growth was the most pronounced in 2017 when the average import price increased by 9.9% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 Czech Republic (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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