Switzerland: Steel Stranded Wire Market 2024

Steel Stranded Wire Market Size in Switzerland

In 2022, the Swiss steel stranded wire market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Steel stranded wire consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Steel Stranded Wire Production in Switzerland

In value terms, steel stranded wire production expanded modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Steel stranded wire production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Steel Stranded Wire Exports

Exports from Switzerland

In 2022, approx. X tons of iron or steel stranded wire, ropes and cables were exported from Switzerland; increasing by X% compared with the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, steel stranded wire exports rose significantly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons), China (X tons) and Turkey (X tons) were the main destinations of steel stranded wire exports from Switzerland, together comprising X% of total exports. Austria, Germany, Brazil, Australia, South Korea, Spain, Vietnam, France, Canada and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steel stranded wire exported from Switzerland were the United States ($X), Germany ($X) and China ($X), together accounting for X% of total exports. Austria, Turkey, Spain, Brazil, South Korea, India, France, Australia, Canada and Vietnam lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average steel stranded wire export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Vietnam ($X 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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Stranded Wire Imports

Imports into Switzerland

In 2022, overseas purchases of iron or steel stranded wire, ropes and cables increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; afterwards, it flattened through to 2022.

In value terms, steel stranded wire imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Italy (X tons), Germany (X tons) and China (X tons) were the main suppliers of steel stranded wire imports to Switzerland, together accounting for X% of total imports. The Netherlands, South Korea, Austria and Spain 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 the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest steel stranded wire suppliers to Switzerland were Germany ($X), China ($X) and Italy ($X), with a combined X% share of total imports. Austria, South Korea, Spain and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average steel stranded wire import price stood at $X per ton in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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