Switzerland: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Switzerland

In 2021, the Swiss market for pneumatic or hydraulic hand tools increased by 3.7% to $X, rising for the fifth consecutive year after three years of decline. The market value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Production of Pneumatic Or Hydraulic Hand Tools in Switzerland

In value terms, pneumatic or hydraulic hand tool production declined to $X in 2021 estimated in export price. In general, production recorded a prominent increase. The growth pace was the most rapid in 2017 when the production volume increased by 52%. Over the period under review, production reached the maximum level at $X in 2020, and then shrank slightly in the following year.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Switzerland

In 2021, after three years of decline, there was significant growth in shipments abroad of pneumatic or hydraulic hand tools, when their volume increased by 47% to X tons. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool exports surged to $X in 2021. Overall, exports, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2016 when exports increased by 26%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Spain (X tons) and France (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from Switzerland, with a combined 46% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +35.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for pneumatic or hydraulic hand tools exports from Switzerland, comprising 28% of total exports. The second position in the ranking was held by France ($X), with an 11% share of total exports. It was followed by the United States, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.4% per year) and the United States (-9.8% per year).

Export Prices by Country

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, shrinking by -17% against the previous year. Overall, the export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($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 Russia (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Switzerland

In 2021, after four years of decline, there was significant growth in overseas purchases of pneumatic or hydraulic hand tools, when their volume increased by 22% to X tons. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool imports surged to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 18%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of pneumatic or hydraulic hand tool imports to Switzerland, with a combined 70% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +1.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Switzerland, comprising 36% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.4% per year) and the United States (-1.3% per year).

Import Prices by Country

In 2021, the average import price for pneumatic or hydraulic hand tools amounted to $X per ton, with a decrease of -5.2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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