Switzerland: Threaded Metal Articles Market 2024

Threaded Metal Articles Market Size in Switzerland

The Swiss threaded metal articles market declined to $X in 2021, waning by -3% against the previous year. Overall, consumption showed a strong increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Threaded Metal Articles Production in Switzerland

In value terms, threaded metal articles production reached $X in 2021 estimated in export price. The total output 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. The pace of growth appeared the most rapid in 2016 with an increase of 31% against the previous year. Threaded metal articles production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Threaded Metal Articles Exports

Exports from Switzerland

After three years of decline, shipments abroad of threaded articles of iron or steel increased by 11% to X tons in 2021. In general, exports, however, continue to indicate a perceptible shrinkage. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, threaded metal articles exports surged to $X in 2021. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. 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 threaded metal articles exports from Switzerland, accounting for a 21% share of total exports. Moreover, threaded metal articles exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), twofold. Mexico (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+1.4% per year) and Mexico (+15.0% per year).

In value terms, Germany ($X), Hong Kong SAR ($X) and the United States ($X) were the largest markets for threaded metal articles exported from Switzerland worldwide, with a combined 34% share of total exports. These countries were followed by Singapore, China, Austria, France, Russia, Italy, India, Poland, the United Arab Emirates and Mexico, which together accounted for a further 43%.

Poland, with a CAGR of +16.6%, saw the highest growth rate of the value of exports, among 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 threaded metal articles export price stood at $X per ton in 2021, surging by 5.9% against the previous year. In general, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, threaded metal articles export price increased by +86.0% against 2012 indices. The growth pace was the most rapid in 2014 when the average export price increased by 17% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Mexico ($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 (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.

Threaded Metal Articles Imports

Imports into Switzerland

In 2021, approx. X tons of threaded articles of iron or steel were imported into Switzerland; rising by 71% compared with 2020 figures. In general, imports saw a moderate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, threaded metal articles imports totaled $X in 2021. The total import value increased at an average annual rate of +5.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 28%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), China (X tons) and Austria (X tons) were the main suppliers of threaded metal articles imports to Switzerland, together comprising 75% of total imports. Hungary, Italy, France, Spain and the Netherlands lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +51.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of threaded articles of iron or steel to Switzerland, comprising 49% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Hungary, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.0% per year) and Hungary (+60.5% per year).

Import Prices by Country

In 2021, the average threaded metal articles import price amounted to $X per ton, with a decrease of -34.2% against the previous year. In general, the import price, however, saw moderate growth. The most prominent rate of growth was recorded in 2016 an increase of 79%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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