Switzerland: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Switzerland

In 2021, the Swiss electrical circuit apparatus market increased by X% to $X, rising for the second consecutive year after six years of decline. In general, consumption continues to indicate modest growth. Electrical circuit apparatus consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Electrical Circuit Apparatus Production in Switzerland

In value terms, electrical circuit apparatus production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep reduction. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

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Electrical Circuit Apparatus Exports

Exports from Switzerland

For the third consecutive year, Switzerland recorded decline in overseas shipments of electrical apparatus for circuit connection, switching and protection, which decreased by X% to X units in 2021. In general, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, electrical circuit apparatus exports expanded notably to $X in 2021. Over the period under review, exports continue to indicate a pronounced shrinkage. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for electrical circuit apparatus exports from Switzerland, with a X% share of total exports. Moreover, electrical circuit apparatus exports to Germany exceeded the volume sent to the second major destination, the United States (X units), threefold. China (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and China (X% per year).

In value terms, Germany ($X) remains the key foreign market for electrical apparatus for circuit connection, switching and protection exports from Switzerland, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by China, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and China (X% per year).

Export Prices by Country

The average electrical circuit apparatus export price stood at $X per unit in 2021, picking up by X% against the previous year. Over the last nine years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in years to come.

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

Electrical Circuit Apparatus Imports

Imports into Switzerland

In 2021, overseas purchases of electrical apparatus for circuit connection, switching and protection increased by X% to X units for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus imports surged to $X in 2021. The total import value increased at an average annual rate of X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of electrical circuit apparatus to Switzerland, accounting for a X% share of total imports. Moreover, electrical circuit apparatus imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Bulgaria (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Bulgaria (X% per year).

In value terms, Germany ($X) constituted the largest supplier of electrical apparatus for circuit connection, switching and protection to Switzerland, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and France (X% per year).

Import Prices by Country

In 2021, the average electrical circuit apparatus import price amounted to $X per unit, flattening at the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per unit), while the price for Austria ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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