Switzerland: Iron And Steel Market 2024

Iron And Steel Market Size in Switzerland

In 2021, after three years of decline, there was significant growth in the Swiss iron and steel market, when its value increased by 175% to $X. Over the period under review, consumption, however, showed a perceptible descent. Iron and steel consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Iron And Steel Exports

Exports from Switzerland

In 2021, approx. X tons of iron and steel were exported from Switzerland; jumping by 28% against the previous year. Overall, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 272% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, iron and steel exports declined remarkably to $X in 2021. Over the period under review, exports, however, faced a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 457%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for iron and steel exports from Switzerland, with a 16% share of total exports. Moreover, iron and steel exports to Italy exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was taken by the Czech Republic (X tons), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at -19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.7% per year) and the Czech Republic (+42.7% per year).

In value terms, the largest markets for iron and steel exported from Switzerland were the Czech Republic ($X), France ($X) and Germany ($X), with a combined 71% share of total exports. Austria, Romania, Italy and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, Romania, with a CAGR of +68.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average iron and steel export price amounted to $X per ton, with a decrease of -63.6% against the previous year. Over the period under review, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2018 an increase of 128%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+68.7%), while the prices for the other major destinations experienced more modest paces of growth.

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Iron And Steel Imports

Imports into Switzerland

In 2021, overseas purchases of iron and steel were finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, continue to indicate a pronounced slump. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, iron and steel imports soared to $X in 2021. In general, imports, however, showed a perceptible reduction. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest iron and steel supplier to Switzerland, accounting for a 59% share of total imports. Moreover, iron and steel imports from Germany exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. Russia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-7.7% per year) and Russia (-2.3% per year).

In value terms, Germany ($X) constituted the largest supplier of iron and steel to Switzerland, comprising 52% of total imports. The second position in the ranking was taken by Brazil ($X), with a 14% share of total imports. It was followed by Russia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-8.3% per year) and Russia (-0.1% per year).

Import Prices by Country

The average iron and steel import price stood at $X per ton in 2021, reducing by -55.2% against the previous year. Overall, the import price saw a mild downturn. The pace of growth was the most pronounced in 2020 an increase of 155%. As a result, import price attained the peak level of $X per ton, and then shrank significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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