Switzerland: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Switzerland

The Swiss electric rotary converter market dropped notably to $X in 2021, shrinking by -51.1% against the previous year. Overall, consumption, however, recorded a strong increase. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Electric Rotary Converter Production in Switzerland

In value terms, electric rotary converter production surged to $X in 2021 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 34%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

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Electric Rotary Converter Exports

Exports from Switzerland

In 2021, shipments abroad of electric rotary converters decreased by -72.4% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports showed a deep slump. The pace of growth appeared the most rapid in 2019 when exports increased by 375% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, electric rotary converter exports contracted remarkably to $X in 2021. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 128% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for electric rotary converter exports from Switzerland, with a 72% share of total exports. Moreover, electric rotary converter exports to Germany exceeded the volume sent to the second major destination, Austria (X units), sevenfold. Denmark (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-24.0% per year) and Denmark (-10.3% per year).

In value terms, the largest markets for electric rotary converter exported from Switzerland were the Netherlands ($X), Germany ($X) and Sweden ($X), with a combined 88% share of total exports.

Among the main countries of destination, Sweden, with a CAGR of +10.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2021, growing by 113% against the previous year. In general, the export price posted noticeable growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 120%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Denmark ($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 Sweden (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Rotary Converter Imports

Imports into Switzerland

In 2021, after four years of growth, there was significant decline in overseas purchases of electric rotary converters, when their volume decreased by -72.7% to X units. In general, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 393% against the previous year. Imports peaked at X units in 2020, and then reduced sharply in the following year.

In value terms, electric rotary converter imports skyrocketed to $X in 2021. Overall, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 278%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

The United States (X units), Vietnam (X units) and Germany (X units) were the main suppliers of electric rotary converter imports to Switzerland, together comprising 92% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +434.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Vietnam ($X) and Germany ($X) constituted the largest electric rotary converter suppliers to Switzerland, together accounting for 90% of total imports.

Vietnam, with a CAGR of +416.7%, saw the highest rates of growth with regard to the value of imports, among 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 electric rotary converter import price stood at $X per unit in 2021, picking up by 1,094% against the previous year. In general, the import price, however, recorded a deep slump. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Finland ($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 (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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