Switzerland: Stranded Wire Market 2024

Stranded Wire Market Size in Switzerland

In 2021, the Swiss stranded wire market increased by 485% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a perceptible decline. Stranded wire consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Stranded Wire Exports

Exports from Switzerland

After three years of growth, shipments abroad of stranded wire, ropes and cables decreased by -11.6% to X tons in 2021. The total export volume increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 30%. The exports peaked at X tons in 2020, and then fell in the following year.

In value terms, stranded wire exports fell to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 21%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), the United States (X tons) and Germany (X tons) were the main destinations of stranded wire exports from Switzerland, together accounting for 36% of total exports. Austria, France, Australia, Italy, South Korea, the Czech Republic, India, Ukraine, Brazil and Spain lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +156.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the largest markets for stranded wire exported from Switzerland worldwide, together accounting for 34% of total exports. Austria, France, Spain, South Korea, the Czech Republic, Brazil, India, Australia, Italy and Ukraine lagged somewhat behind, together accounting for a further 44%.

Ukraine, with a CAGR of +95.5%, saw the highest rates of growth with regard to 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 stranded wire export price stood at $X per ton in 2021, growing by 12% against the previous year. Over the period under review, the export price, however, recorded a noticeable shrinkage. 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 Spain ($X per ton), while the average price for exports to Australia ($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 Australia (+0.1%), while the prices for the other major destinations experienced a decline.

Stranded Wire Imports

Imports into Switzerland

In 2021, after two years of decline, there was significant growth in supplies from abroad of stranded wire, ropes and cables, when their volume increased by 29% to X tons. In general, imports, however, saw a mild reduction. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, stranded wire imports soared to $X in 2021. Overall, imports, however, continue to indicate a slight setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and China (X tons) were the main suppliers of stranded wire imports to Switzerland, with a combined 79% share of total imports. Austria, Turkey, Hungary, Spain, France and Belgium lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +20.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of stranded wire, ropes and cables to Switzerland, comprising 61% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by China, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.4% per year) and China (+1.5% per year).

Import Prices by Country

In 2021, the average stranded wire import price amounted to $X per ton, growing by 3.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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 France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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