Price for Chain and Parts Thereof, of Iron or Steel in Switzerland - 2024

Price for Chain and Parts Thereof, of Iron or Steel in Switzerland (CIF) - 2024

In January 2024, the average import price for chain and parts thereof, of iron or steel amounted to $12,984 per ton, stabilizing at the previous month. Overall, the import price recorded a mild setback. The most prominent rate of growth was recorded in October 2023 an increase of 29% against the previous month. Over the period under review, average import prices hit record highs at $17,027 per ton in April 2023; however, from May 2023 to January 2024, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was France ($47,425 per ton), while the price for the UK ($2,342 per ton) was amongst the lowest.

From March 2023 to January 2024, the most notable rate of growth in terms of prices was attained by France (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain and Parts Thereof, of Iron or Steel in Switzerland (FOB) - 2022

The average export price for chain and parts thereof, of iron or steel stood at $24,262 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2018 an increase of 36%. Over the period under review, the average export prices hit record highs at $40,555 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($119,466 per ton), while the average price for exports to China ($10,960 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 Austria (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain and Parts Thereof, of Iron or Steel in Switzerland

For the fourth year in a row, Switzerland recorded growth in supplies from abroad of chain and parts thereof, of iron or steel, which increased by 7.2% to 3.8K tons in 2022. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 94%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of chain and parts thereof, of iron or steel rose significantly to $47M in 2022. The total import value increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 25%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Chain and Parts Thereof, of Iron or Steel in Switzerland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	16.3	14.4	16.9	17.8	3.0%
Japan	3.0	3.7	4.2	5.7	23.9%
Austria	4.8	3.8	5.6	5.5	4.6%
China	3.6	2.9	3.9	4.9	10.8%
Italy	2.5	2.5	3.4	3.0	6.3%
Romania	1.9	1.0	1.9	1.7	-3.6%
Czech Republic	0.6	0.6	0.9	1.0	18.6%
Slovenia	0.4	0.4	0.8	0.7	20.5%
Turkey	0.2	0.2	0.1	0.4	26.0%
Slovakia	0.1	0.1	0.1	0.4	58.7%
Others	4.3	4.5	4.8	6.3	13.6%
Total	37.6	34.1	42.5	47.4	8.0%

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Switzerland in 2022:

Germany (1245.7 tons)
China (632.8 tons)
Austria (487.9 tons)
Italy (430.3 tons)
Romania (178.0 tons)
Japan (164.5 tons)
Czech Republic (128.2 tons)
Turkey (127.9 tons)
Slovenia (94.5 tons)
Slovakia (70.5 tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Switzerland

In 2022, overseas shipments of chain and parts thereof, of iron or steel decreased by -4.4% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, the exports reached the peak of 1.1K tons, and then reduced modestly in the following year.

In value terms, exports of chain and parts thereof, of iron or steel amounted to $28M in 2022. The total export value increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Export of Chain and Parts Thereof, of Iron or Steel in Switzerland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2.8	3.2	6.1	4.9	20.5%
United States	3.8	3.0	4.3	3.2	-5.6%
Germany	3.0	3.2	3.2	2.7	-3.5%
Japan	1.0	1.4	2.6	2.6	37.5%
France	1.0	0.9	0.9	2.6	37.5%
Belgium	0.3	0.3	0.3	2.0	88.2%
Italy	1.2	1.2	1.1	0.9	-9.1%
United Kingdom	0.7	0.5	0.9	0.9	8.7%
Austria	0.6	0.6	0.5	0.4	-12.6%
Czech Republic	0.4	0.4	0.4	0.3	-9.1%
Others	5.5	6.4	6.9	7.0	8.4%
Total	20.3	21.1	27.2	27.6	10.8%