Switzerland: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in Switzerland

In 2021, the Swiss market for wiring sets used in vehicles, aircraft or ships increased by 33% to $X, rising for the fifth year in a row after two years of decline. In general, consumption enjoyed buoyant growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from Switzerland

After four years of decline, shipments abroad of wiring sets used in vehicles, aircraft or ships increased by 13% to X tons in 2021. Overall, exports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 69%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of wiring sets used in vehicles, aircraft or ships declined to $X in 2021. Over the period under review, total exports indicated a tangible 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, exports increased by +26.1% against 2017 indices. The pace of growth was the most pronounced in 2015 with an increase of 125%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from Switzerland, accounting for a 48% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to Germany exceeded the volume sent to the second major destination, Poland (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-11.8% per year) and the Netherlands (+20.3% per year).

In value terms, Germany ($X), India ($X) and the United States ($X) appeared to be the largest markets for wiring sets used in vehicles, aircraft or ships exported from Switzerland worldwide, together accounting for 47% of total exports. These countries were followed by the Netherlands, Poland, Turkey, Austria, Spain, Italy, Greece, the Czech Republic, Romania and Belarus, which together accounted for a further 17%.

Greece, with a CAGR of +116.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, falling by -11.7% against the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2018 an increase of 71%. The export price peaked at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Romania ($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 India (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into Switzerland

For the third year in a row, Switzerland recorded growth in supplies from abroad of wiring sets used in vehicles, aircraft or ships, which increased by 27% to X tons in 2021. In general, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.3% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of wiring sets used in vehicles, aircraft or ships soared to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.3% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Poland (X tons) and China (X tons) were the main suppliers of imports of wiring sets used in vehicles, aircraft or ships to Switzerland, with a combined 54% share of total imports. Turkey, Italy, Spain, Slovakia, Romania, the Czech Republic, the Netherlands and the Philippines lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +63.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and China ($X) constituted the largest wiring sets used in vehicles, aircraft or ships suppliers to Switzerland, with a combined 45% share of total imports. Spain, Italy, Turkey, Slovakia, the Czech Republic, Romania, the Netherlands and the Philippines lagged somewhat behind, together accounting for a further 20%.

Spain, with a CAGR of +43.6%, 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 import price for wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, growing by 3.8% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for wiring sets used in vehicles, aircraft or ships decreased by -19.8% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 60% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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