Switzerland: Market for Steering Wheels, Steering Columns And Steering Boxes 2025

Market Size for Steering Wheels, Steering Columns And Steering Boxes in Switzerland

The Swiss steering wheels and columns market shrank dramatically to $X in 2022, which is down by -29.3% against the previous year. Over the period under review, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Steering wheels and columns consumption peaked at $X in 2021, and then dropped markedly in the following year.

Production of Steering Wheels, Steering Columns And Steering Boxes in Switzerland

In value terms, steering wheels and columns production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 9.2% against the previous year. Steering wheels and columns production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports from Switzerland

In 2022, overseas shipments of steering wheels, steering columns and steering boxes increased by 4.7% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2021 when exports increased by 7.7% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, steering wheels and columns exports dropped to $X in 2022. In general, exports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 7.4%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), China (X tons) and Germany (X tons) were the main destinations of steering wheels and columns exports from Switzerland, together comprising 70% of total exports. Mexico, Poland, Hungary, the United States and Brazil lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +94.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), China ($X) and Germany ($X) constituted the largest markets for steering wheels and columns exported from Switzerland worldwide, with a combined 67% share of total exports. Mexico, Poland, Hungary, the United States and Brazil lagged somewhat behind, together comprising a further 28%.

In terms of the main countries of destination, Hungary, with a CAGR of +83.4%, saw the highest rates of growth with regard to 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

The average steering wheels and columns export price stood at $X per ton in 2022, declining by -10.2% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 9.1% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 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 United States ($X per ton), while the average price for exports to China ($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 United States (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports into Switzerland

In 2022, imports of steering wheels, steering columns and steering boxes into Switzerland dropped to X tons, with a decrease of -11.6% against the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 36%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, steering wheels and columns imports declined to $X in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 27%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of steering wheels and columns to Switzerland, accounting for a 54% share of total imports. Moreover, steering wheels and columns imports from Germany exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. China (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+43.0% per year) and China (+11.4% per year).

In value terms, Germany ($X) constituted the largest supplier of steering wheels, steering columns and steering boxes to Switzerland, comprising 47% of total imports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total imports. It was followed by Poland, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+35.9% per year) and Poland (+14.9% per year).

Import Prices by Country

In 2022, the average steering wheels and columns import price amounted to $X per ton, with an increase of 2.4% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 17%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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