Switzerland - Iron and Steel - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Switzerland - Iron and Steel - Market Analysis, Forecast, Size, Trends And Insights

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Iron and Steel Price in Switzerland - 2023

Contents:

  1. Iron and Steel Price in Switzerland (CIF) - 2023
  2. Iron and Steel Price in Switzerland (FOB) - 2022
  3. Iron and Steel Imports in Switzerland
  4. Iron and Steel Exports in Switzerland

Iron and Steel Price in Switzerland (CIF) - 2023

The average iron and steel import price stood at $714 per ton in September 2023, waning by -1.8% against the previous month. Over the period under review, the import price recorded a mild slump. The growth pace was the most rapid in October 2022 an increase of 15% against the previous month. Over the period under review, average import prices reached the peak figure at $966 per ton in January 2023; however, from February 2023 to September 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were Canada ($746 per ton) and Ukraine ($711 per ton), while the price for Brazil ($688 per ton) and Germany ($702 per ton) were amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Brazil (+0.4%), while the prices for the other major suppliers experienced a decline.

Iron and Steel Price in Switzerland (FOB) - 2022

In 2022, the average iron and steel export price amounted to $581 per ton, dropping by -80.5% against the previous year. In general, the export price faced a significant curtailment. The most prominent rate of growth was recorded in 2018 an increase of 128%. Over the period under review, the average export prices hit record highs at $30,831 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($32,363 per ton), while the average price for exports to France ($28,757 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 the Czech Republic (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Iron and Steel Imports in Switzerland

In 2022, imports of iron and steel into Switzerland shrank significantly to 10K tons, which is down by -16.3% against the year before. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 308% against the previous year. As a result, imports attained the peak of 12K tons, and then dropped sharply in the following year.

In value terms, iron and steel imports amounted to $9.1M in 2022. Over the period under review, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2021 with an increase of 83%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Import of Iron and Steel in Switzerland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany3,2422,7674,1954,89814.7%
Brazil1,1537801,0951,2031.4%
Russia2261441,0861,19474.2%
Canada34024045449913.6%
Austria25118727149925.7%
Italy19581.328945332.4%
Netherlands4.044.0300333336.6%
Others48313631233.9-58.8%
Total5,8934,3808,0039,11215.6%

Top Suppliers of Iron and Steel to Switzerland in 2022:

  1. Germany (6.3K tons)
  2. Brazil (1.7K tons)
  3. Russia (1.3K tons)
  4. Canada (0.5K tons)
  5. Austria (0.5K tons)
  6. Netherlands (0.3K tons)
  7. Italy (0.3K tons)

Iron and Steel Exports in Switzerland

For the fourth consecutive year, Switzerland recorded growth in shipments abroad of iron and steel, which increased by 418% to 281 tons in 2022. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron and steel exports reached $163K in 2022. Overall, exports, however, faced a dramatic decrease.

Export of Iron and Steel in Switzerland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France4.518.939.348.8121.3%
Germany16.534.828.934.327.6%
Czech Republic32727745.832.4-53.7%
Bosnia and HerzegovinaN/A3.60.1N/A-97.2%
Italy0.96.65.0N/A135.7%
Others12.36.342.647.757.1%
Total361347162163-23.3%

Top Export Markets for Iron and Steel from Switzerland in 2022:

  1. France (1.7 tons)
  2. Germany (1.1 tons)
  3. Czech Republic (1.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the iron and steel market in Switzerland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    • Switzerland

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Switzerland
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS
    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030
    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT
    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES
    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS
    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
    11. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023
    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
      5. Trade Balance, In Physical Terms, 2012-2023
      6. Trade Balance, In Value Terms, 2012-2023
      7. Per Capita Consumption, 2012-2023
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2023
      22. Production, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, 2012–2023
      24. Imports, In Value Terms, 2012–2023
      25. Imports, In Physical Terms, By Country, 2023
      26. Imports, In Physical Terms, By Country, 2012–2023
      27. Imports, In Value Terms, By Country, 2012–2023
      28. Import Prices, By Country Of Origin, 2012–2023
      29. Exports, In Physical Terms, 2012–2023
      30. Exports, In Value Terms, 2012–2023
      31. Exports, In Physical Terms, By Country, 2023
      32. Exports, In Physical Terms, By Country, 2012–2023
      33. Exports, In Value Terms, By Country, 2012–2023
      34. Export Prices, By Country Of Destination, 2012–2023
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