Switzerland's Wire & Cable Industry Sees Mixed 2024: Exports Fall, Imports Surge
Switzerland's wire industry witnessed a notable downturn in 2024. Exports of the wire plummeted by X% to X tons, marking a significant contraction in the market. Meanwhile, imports of the wire surged by X% to X tons, indicating a shift in trade dynamics.
The average export price for the wire from Switzerland stood at $X per ton in 2024. Conversely, the average import price was $X per ton. The Swiss market itself shrank by X% to $X in 2024.
Over the past twelve years, the total imports of the wire into Switzerland have been growing at an average annual rate of X%. This is despite a decrease in production, which stood at $X in 2024. However, the total consumption of the wire in Switzerland has been increasing at an average annual rate of X% over the same period. Interestingly, the total production of the wire has also been growing at an average annual rate of X% during this time.
The Swiss wire industry experienced a mixed year in 2024. While exports and production of the wire decreased, imports and consumption of the wire increased. The market's future trajectory remains to be seen, but the growing consumption and production rates suggest potential resilience.
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