Switzerland: Tamping Machinery Market 2024

Tamping Machinery Market Size in Switzerland

In 2021, the Swiss tamping machinery market increased by 20% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Tamping Machinery Production in Switzerland

In value terms, tamping machinery production stood at $X in 2021 estimated in export price. Overall, production faced a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 18%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Tamping Machinery Exports

Exports from Switzerland

In 2021, shipments abroad of tamping or compacting machinery increased by 7.3% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, saw a slight decrease. The pace of growth was the most pronounced in 2017 with an increase of 245%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, tamping machinery exports contracted dramatically to $X in 2021. Over the period under review, exports recorded a notable increase. The growth pace was the most rapid in 2014 when exports increased by 272%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Serbia (X units), Bosnia and Herzegovina (X units) and the UK (X units) were the main destinations of tamping machinery exports from Switzerland, together accounting for 60% of total exports. Germany, India, North Macedonia and Poland lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +38.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for tamping or compacting machinery exports from Switzerland, comprising 54% of total exports. The second position in the ranking was taken by India ($X), with a 17% share of total exports. It was followed by the UK, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+50.4% per year) and the UK (-12.0% per year).

Export Prices by Country

The average tamping machinery export price stood at $X per unit in 2021, reducing by -48.5% against the previous year. In general, the export price, however, saw a temperate increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 143%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Tamping Machinery Imports

Imports into Switzerland

In 2021, the amount of tamping or compacting machinery imported into Switzerland rose remarkably to X units, surging by 9.9% against the year before. Overall, imports, however, saw a pronounced decline. The pace of growth was the most pronounced in 2020 when imports increased by 47% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, tamping machinery imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 31% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of tamping machinery to Switzerland, accounting for a 51% share of total imports. Moreover, tamping machinery imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Japan (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.0% per year) and Japan (+11.9% per year).

In value terms, Germany ($X) constituted the largest supplier of tamping or compacting machinery to Switzerland, comprising 71% of total imports. The second position in the ranking was held by Japan ($X), with an 8% share of total imports. It was followed by Austria, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.4% per year) and Austria (+9.1% per year).

Import Prices by Country

The average tamping machinery import price stood at $X per unit in 2021, increasing by 2.6% against the previous year. Over the last nine years, it increased at an average annual rate of +4.3%. The pace of growth appeared the most rapid in 2017 an increase of 26%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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