Switzerland: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Switzerland

In 2020, the Swiss iron and steel wire market decreased by -X% to $X, falling for the second year in a row after three years of growth. In general, the total consumption indicated a measured increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2011 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Switzerland

For the fourth consecutive year, Switzerland recorded decline in overseas shipments of wire of iron or non-alloy steel (stainless steel or other alloy steel), which decreased by -X% to X tons in 2020. Overall, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, iron and steel wire exports declined rapidly to $X in 2020. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main destinations of iron and steel wire exports from Switzerland, with a combined X% share of total exports. These countries were followed by the U.S., the UK, Poland, Belarus, Turkey and the Czech Republic, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for iron and steel wire exported from Switzerland were Germany ($X), Italy ($X) and France ($X), together comprising X% of total exports. These countries were followed by the UK, the U.S., Poland, Turkey, Belarus and the Czech Republic, which together accounted for a further X the main countries of destination, Belarus (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average iron and steel wire export price amounted to $X per ton, waning by -X% against the previous year. Overall, the export price showed a noticeable decline. The growth pace was the most rapid in 2017 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per ton in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per ton), while the average price for exports to Belarus ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced a decline.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Switzerland

In 2020, approx. X tons of wire of iron or non-alloy steel (stainless steel or other alloy steel) were imported into Switzerland; surging by X% against the year before. Overall, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in years to come.

In value terms, iron and steel wire imports declined slightly to $X in 2020. In general, total imports indicated modest growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Italy (X tons) constituted the largest iron and steel wire supplier to Switzerland, accounting for a X% share of total imports. Moreover, iron and steel wire imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was occupied by France (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Italy totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and France (-X% per year).

In value terms, the largest iron and steel wire suppliers to Switzerland were Italy ($X), Germany ($X) and Austria ($X), with a combined X% share of total imports. These countries were followed by France and Slovakia, which together accounted for a further X recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average iron and steel wire import price stood at $X per ton in 2020, which is down by -X% against the previous year. In general, the import price showed a noticeable decrease. The growth pace was the most rapid in 2010 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Austria ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the prices for the other major suppliers experienced a decline.

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