Switzerland: Underground Continuous-Action Elevator Market 2024

Underground Continuous-Action Elevator Market Size in Switzerland

The Swiss underground continuous-action elevator market skyrocketed to $X in 2023, jumping by X% against the previous year. Over the period under review, consumption posted a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Underground Continuous-Action Elevator Production in Switzerland

In value terms, underground continuous-action elevator production rose sharply to $X in 2023 estimated in export price. In general, production, however, showed a modest expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Underground continuous-action elevator production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Underground Continuous-Action Elevator Exports

Exports from Switzerland

After two years of growth, overseas shipments of underground continuous-action elevators and conveyors decreased by X% to X units in 2023. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at X units in 2022, and then fell markedly in the following year.

In value terms, underground continuous-action elevator exports fell dramatically to $X in 2023. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2022, and then contracted notably in the following year.

Exports by Country

The UK (X units) was the main destination for underground continuous-action elevator exports from Switzerland, accounting for a X% share of total exports. Moreover, underground continuous-action elevator exports to the UK exceeded the volume sent to the second major destination, Norway (X units), threefold. Australia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Australia (X% per year).

In value terms, the largest markets for underground continuous-action elevator exported from Switzerland were Australia ($X), Norway ($X) and the UK ($X), together comprising X% of total exports.

The UK, with a CAGR of X%, saw 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

In 2023, the average underground continuous-action elevator export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price recorded buoyant growth. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Canada ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Underground Continuous-Action Elevator Imports

Imports into Switzerland

After two years of growth, purchases abroad of underground continuous-action elevators and conveyors decreased by X% to X units in 2023. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2022, and then contracted rapidly in the following year.

In value terms, underground continuous-action elevator imports fell remarkably to $X in 2023. In general, imports saw a mild slump. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2022, and then reduced markedly in the following year.

Imports by Country

In 2023, Italy (X units) constituted the largest supplier of underground continuous-action elevator to Switzerland, accounting for a X% share of total imports. Moreover, underground continuous-action elevator imports from Italy exceeded the figures recorded by the second-largest supplier, Austria (X units), threefold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Germany (X% per year).

In value terms, Italy ($X), Croatia ($X) and Austria ($X) appeared to be the largest underground continuous-action elevator suppliers to Switzerland, together comprising X% of total imports. The Netherlands, the Czech Republic, Germany, the UK, Bulgaria and China lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average underground continuous-action elevator import price stood at $X per unit in 2023, increasing by X% against the previous year. Overall, the import price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform