Switzerland: Underground Continuous-Action Elevator Market 2024

Underground Continuous-Action Elevator Market Size in Switzerland

The Swiss underground continuous-action elevator market was finally on the rise to reach $X in 2021, after five years of decline. In general, consumption, however, showed a deep downturn. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Underground Continuous-Action Elevator Production in Switzerland

In value terms, underground continuous-action elevator production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a deep reduction. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Underground Continuous-Action Elevator Exports

Exports from Switzerland

In 2021, shipments abroad of underground continuous-action elevators and conveyors increased by 106% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports enjoyed a tangible increase. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, underground continuous-action elevator exports skyrocketed to $X in 2021. In general, exports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2017 with an increase of 121% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Austria (X units), Germany (X units) and Italy (X units) were the main destinations of underground continuous-action elevator exports from Switzerland, together accounting for 73% of total exports. These countries were followed by Singapore, the UK, Australia and Turkey, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +787.3%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), the UK ($X) and Italy ($X) appeared to be the largest markets for underground continuous-action elevator exported from Switzerland worldwide, with a combined 65% share of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +530.3%, 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 underground continuous-action elevator export price stood at $X per unit in 2021, standing approx. at the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 156%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Germany ($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 Turkey (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.

Underground Continuous-Action Elevator Imports

Imports into Switzerland

In 2021, imports of underground continuous-action elevators and conveyors into Switzerland skyrocketed to X units, increasing by 25% compared with the previous year. Over the period under review, imports recorded a mild expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 4,561%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, underground continuous-action elevator imports stood at $X in 2021. In general, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 1,361% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X units) constituted the largest underground continuous-action elevator supplier to Switzerland, accounting for a 56% share of total imports. Moreover, underground continuous-action elevator imports from France exceeded the figures recorded by the second-largest supplier, Slovakia (X units), twofold. Germany (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from France amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (0.0% per year) and Germany (-9.9% per year).

In value terms, France ($X) constituted the largest supplier of underground continuous-action elevators and conveyors to Switzerland, comprising 56% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 24% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (0.0% per year) and Germany (-8.5% per year).

Import Prices by Country

In 2021, the average underground continuous-action elevator import price amounted to $X per unit, waning by -14.8% against the previous year. Over the period under review, the import price, however, recorded strong growth. The pace of growth was the most pronounced in 2013 an increase of 86%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, 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 ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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