Switzerland: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Switzerland

The Swiss tapered roller bearing market amounted to $X in 2021, picking up by 2.1% 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). The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Tapered Roller Bearing Exports

Exports from Switzerland

In 2021, shipments abroad of tapered roller bearings increased by 78% to X tons, rising for the second year in a row after two years of decline. In general, exports recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tapered roller bearing exports surged to $X in 2021. Overall, exports posted a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for tapered roller bearing exports from Switzerland, with a 56% share of total exports. Moreover, tapered roller bearing exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), sevenfold. The United States (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-5.0% per year) and the United States (+17.6% per year).

In value terms, Germany ($X) remains the key foreign market for tapered roller bearings exports from Switzerland, comprising 28% of total exports. The second position in the ranking was taken by China ($X), with a 13% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +12.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+17.6% per year) and the United States (+25.4% per year).

Export Prices by Country

The average tapered roller bearing export price stood at $X per ton in 2021, which is down by -4.8% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tapered roller bearing export price decreased by -21.7% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 35%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Sweden ($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 China (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tapered Roller Bearing Imports

Imports into Switzerland

In 2021, approx. X tons of tapered roller bearings were imported into Switzerland; growing by 41% against the previous year's figure. In general, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.2% against 2017 indices. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, tapered roller bearing imports fell to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 25%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and China (X tons) were the main suppliers of tapered roller bearing imports to Switzerland, together comprising 82% of total imports. These countries were followed by Romania, Austria, France, India and the United States, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +44.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Romania ($X) appeared to be the largest tapered roller bearing suppliers to Switzerland, together comprising 74% of total imports.

In terms of the main suppliers, Romania, with a CAGR of +42.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tapered roller bearing import price stood at $X per ton in 2021, with a decrease of -36.1% against the previous year. In general, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 58%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by France (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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