Switzerland: Wood Tool Market 2024

Wood Tool Market Size in Switzerland

In 2021, the Swiss wood tool market increased by 23% to $X, rising for the fourth consecutive year after three years of decline. Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +59.2% against 2017 indices. Wood tool consumption peaked in 2021 and is expected to retain growth in years to come.

Wood Tool Production in Switzerland

In value terms, wood tool production reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +35.5% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of 61% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Wood Tool Exports

Exports from Switzerland

In 2021, overseas shipments of tools of wood decreased by -9.6% to X tons, falling for the fifth consecutive year after three years of growth. In general, exports saw a sharp setback. The pace of growth appeared the most rapid in 2014 when exports increased by 20%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, wood tool exports skyrocketed to $X in 2021. Over the period under review, exports saw a abrupt decline. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Austria (X tons) was the main destination for wood tool exports from Switzerland, accounting for a 40% share of total exports. Moreover, wood tool exports to Austria exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to Austria stood at +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-37.0% per year) and Belgium (-21.5% per year).

In value terms, Bulgaria ($X), Austria ($X) and Germany ($X) were the largest markets for wood tool exported from Switzerland worldwide, with a combined 55% share of total exports.

Among the main countries of destination, Bulgaria, with a CAGR of +89.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood tool export price stood at $X per ton in 2021, picking up by 60% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Bulgaria ($X per ton), while the average price for exports to Italy ($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 France (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Tool Imports

Imports into Switzerland

After three years of decline, purchases abroad of tools of wood increased by 84% to X tons in 2021. Overall, imports enjoyed a strong increase. The growth pace was the most rapid in 2017 with an increase of 163% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, wood tool imports surged to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 44%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Slovakia (X tons) constituted the largest supplier of wood tool to Switzerland, accounting for a 59% share of total imports. Moreover, wood tool imports from Slovakia exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Slovakia totaled +238.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.5% per year) and Italy (+22.2% per year).

In value terms, Slovakia ($X), Germany ($X) and Italy ($X) constituted the largest wood tool suppliers to Switzerland, with a combined 83% share of total imports.

In terms of the main suppliers, Slovakia, with a CAGR of +251.7%, 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

In 2021, the average wood tool import price amounted to $X per ton, dropping by -33.3% against the previous year. In general, the import price recorded a slight reduction. The pace of growth was the most pronounced in 2018 when the average import price increased by 31% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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