Iron imports to Switzerland have shown a steady trend, increasing slightly from 2.99 Million Metric Tons in 2024 to 3.02 Million Metric Tons in 2028. In 2023, the actual imports stood at 2.98 Million Metric Tons. The year-on-year variation shows a consistent but modest growth, with each year seeing a rise of approximately 0.33%. The compound annual growth rate (CAGR) over the next five years averages around 0.3% annually.
Future trends to watch for:
- Potential fluctuations in global iron prices influenced by geopolitical events and inflation.
- Switzerland's industrial demand and infrastructural projects which could impact import volumes.
- Technological advancements and sustainable practices in the iron industry affecting supply chains.