Seals; Mechanical Price in Switzerland - 2023

Seals; Mechanical Price in Switzerland (CIF) - 2023

The average seals; mechanical import price stood at $14.2 per unit in September 2023, growing by 129% against the previous month. In general, the import price continues to indicate resilient growth. The pace of growth appeared the most rapid in July 2023 an increase of 200% month-to-month. Over the period under review, average import prices reached the maximum in September 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($15.9 per unit), while the price for Romania ($1.5 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Switzerland (FOB) - 2022

The average seals; mechanical export price stood at $23 per unit in 2022, picking up by 9.2% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, seals; mechanical export price decreased by -6.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 48%. As a result, the export price reached the peak level of $24 per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($66 per unit), while the average price for exports to Austria ($9.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Imports in Switzerland

Seals; mechanical imports into Switzerland skyrocketed to 5.4M units in 2022, increasing by 75% on the previous year's figure. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 82% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, seals; mechanical imports surged to $37M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Seals; Mechanical in Switzerland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	19.0	19.1	18.6	18.0	-1.8%
Taiwan (Chinese)	0.3	0.2	0.3	4.8	152.0%
United States	3.6	3.4	3.4	4.1	4.4%
France	1.7	1.8	1.5	1.6	-2.0%
Austria	0.7	0.6	0.7	1.6	31.7%
China	0.7	0.7	0.9	0.8	4.6%
Hungary	0.2	0.2	0.2	0.5	35.7%
Others	7.9	6.4	6.0	5.4	-11.9%
Total	34.1	32.3	31.4	36.9	2.7%

Top Suppliers of Seals; Mechanical to Switzerland in 2022:

Germany (1862.6K units)
Taiwan (Chinese) (1770.0K units)
Hungary (617.2K units)
Austria (335.3K units)
China (215.7K units)
France (110.0K units)
United States (90.4K units)

Seals; Mechanical Exports in Switzerland

Seals; mechanical exports from Switzerland reached 894K units in 2022, growing by 6.2% compared with 2021. Overall, exports, however, saw a deep setback. The growth pace was the most rapid in 2021 when exports increased by 14%. The exports peaked at 1.2M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, seals; mechanical exports skyrocketed to $20M in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Seals; Mechanical in Switzerland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	3,355	3,904	4,140	3,078	-2.8%
China	1,314	1,215	1,182	1,802	11.1%
United States	1,337	1,560	1,630	1,778	10.0%
Austria	1,767	1,024	1,094	1,187	-12.4%
Italy	351	444	459	1,005	42.0%
India	916	455	578	915	-0.0%
Mexico	31.7	49.5	21.2	812	194.8%
France	793	465	519	661	-5.9%
United Kingdom	943	561	818	605	-13.8%
Singapore	262	615	240	550	28.0%
Oman	435	1.9	20.4	541	7.5%
Spain	264	298	374	428	17.5%
Hungary	35.9	36.5	47.1	327	108.8%
Others	6,948	7,155	6,387	6,606	-1.7%
Total	18,755	17,784	17,510	20,296	2.7%