In 2023, the basic iron, steel, and ferro-alloys turnover in Switzerland was valued at 806.2 million Euros. For the forecasted period from 2024 to 2028, the turnover is expected to follow an upward trend. Starting at 808.6 million Euros in 2024, it is projected to moderately increase to 816.1 million Euros by 2028. This steady growth reflects a year-on-year increase of approximately 1.0% over the forecasted period, displaying consistent and stable market development. Specifically, the turnover is forecasted to grow by:
- 2025: +0.31%
- 2026: +0.26%
- 2027: +0.20%
- 2028: +0.16%
The compound annual growth rate (CAGR) from 2024 to 2028 stands at approximately 0.26%, indicating a slow yet steady positive trajectory.
Future trends to watch for include technological advancements in production processes, regulatory changes impacting trade and tariffs, and shifts in global demand for iron, steel, and ferro-alloys, particularly from emerging markets which may influence the Swiss market dynamics.
