Switzerland: Winding Wire Market 2024

Winding Wire Market Size in Switzerland

The Swiss winding wire market shrank modestly to $X in 2022, approximately reflecting the previous year. Overall, consumption, however, continues to indicate a strong expansion. Winding wire consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Winding Wire Production in Switzerland

In value terms, winding wire production fell to $X in 2022 estimated in export price. Over the period under review, production, however, saw moderate growth. The pace of growth was the most pronounced in 2017 with an increase of 131% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Winding Wire Exports

Exports from Switzerland

In 2022, the amount of winding wire for electrical purposes exported from Switzerland contracted remarkably to X tons, with a decrease of -25.6% compared with 2021. Over the period under review, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, winding wire exports shrank sharply to $X in 2022. In general, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 35%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), China (X tons) and France (X tons) were the main destinations of winding wire exports from Switzerland, with a combined 54% share of total exports. Italy, Hungary, Romania, the UK, Hong Kong SAR, India, Thailand, Sweden, the Philippines and the United Arab Emirates lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +16.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for winding wire exported from Switzerland were China ($X), Germany ($X) and France ($X), with a combined 56% share of total exports. Italy, the Philippines, Thailand, Hungary, Hong Kong SAR, Romania, the UK, India, Sweden and the United Arab Emirates lagged somewhat behind, together comprising a further 21%.

The Philippines, with a CAGR of +18.1%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average winding wire export price amounted to $X per ton, increasing by 6.4% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 46%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Winding Wire Imports

Imports into Switzerland

Winding wire imports into Switzerland contracted modestly to X tons in 2022, which is down by -4.9% on the year before. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 8.3%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, winding wire imports reduced to $X in 2022. Over the period under review, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and Poland (X tons) were the main suppliers of winding wire imports to Switzerland, together comprising 67% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +69.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of winding wire for electrical purposes to Switzerland, comprising 43% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports. It was followed by China, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.4% per year) and China (+7.5% per year).

Import Prices by Country

The average winding wire import price stood at $X per ton in 2022, leveling off at the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, winding wire import price increased by +73.1% against 2015 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 35%. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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