Switzerland: Smart Card Market 2024

Smart Card Market Size in Switzerland

For the fourth year in a row, the Swiss smart card market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption enjoyed a buoyant increase. Smart card consumption peaked in 2022 and is expected to retain growth in the immediate term.

Smart Card Production in Switzerland

In value terms, smart card production expanded sharply to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild downturn. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Smart card production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Smart Card Exports

Exports from Switzerland

For the seventh year in a row, Switzerland recorded decline in overseas shipments of cards incorporating an electronic integrated circuit (smart card), which decreased by X% to X units in 2022. In general, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, smart card exports reduced to $X in 2022. Over the period under review, exports faced a deep reduction. The smallest decline of X% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for smart card exports from Switzerland, accounting for a X% share of total exports. Moreover, smart card exports to France exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was held by Sweden (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Sweden (X% per year).

In value terms, Azerbaijan ($X), France ($X) and the Czech Republic ($X) were the largest markets for smart card exported from Switzerland worldwide, together accounting for X% of total exports. Germany, Spain, the United States, China, Tanzania, Italy, Sweden, Austria, Poland and Slovakia lagged somewhat behind, together comprising a further X%.

Tanzania, with a CAGR of X%, saw the highest growth rate of 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 smart card export price amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per unit), while the average price for exports to Slovakia ($X 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 the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Smart Card Imports

Imports into Switzerland

In 2022, purchases abroad of cards incorporating an electronic integrated circuit (smart card) increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, smart card imports expanded to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Austria (X units) were the main suppliers of smart card imports to Switzerland, with a combined X% share of total imports. Poland, France, Italy, Sweden, Singapore and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest smart card suppliers to Switzerland were France ($X), Germany ($X) and China ($X), together comprising X% of total imports. Poland, Austria, Singapore, Italy, Sweden and Malaysia lagged somewhat behind, together accounting for a further X%.

Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average smart card import price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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