Switzerland: Internal Combustion Engines Market 2024

Internal Combustion Engines Market Size in Switzerland

The Swiss internal combustion engines market declined to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption showed a noticeable slump. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Internal Combustion Engines Production in Switzerland

In value terms, internal combustion engines production declined slightly to $X in 2023 estimated in export price. Over the period under review, production recorded a perceptible shrinkage. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Internal Combustion Engines Exports

Exports from Switzerland

In 2023, shipments abroad of motor vehicles compression-ignition internal combustion piston engines increased by X% to X units, rising for the fifth consecutive year after three years of decline. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, internal combustion engines exports surged to $X in 2023. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X units), Germany (X units) and Denmark (X units) were the main destinations of internal combustion engines exports from Switzerland, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Denmark (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for internal combustion engines exported from Switzerland were Germany ($X), Romania ($X) and Denmark ($X), with a combined X% share of total exports.

Among the main countries of destination, Denmark, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the average internal combustion engines export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Internal Combustion Engines Imports

Imports into Switzerland

In 2023, after three years of growth, there was significant decline in purchases abroad of motor vehicles compression-ignition internal combustion piston engines, when their volume decreased by X% to X units. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2022, and then fell in the following year.

In value terms, internal combustion engines imports contracted to $X in 2023. Overall, total imports indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then reduced in the following year.

Imports by Country

Germany (X units), Italy (X units) and the UK (X units) were the main suppliers of internal combustion engines imports to Switzerland, together comprising X% of total imports. France, Japan, Sweden, the United States and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest internal combustion engines suppliers to Switzerland were Germany ($X), Italy ($X) and Sweden ($X), with a combined X% share of total imports.

Sweden, with a CAGR of X%, recorded the highest growth rate of 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 internal combustion engines import price stood at $X per unit in 2023, reducing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform